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All Forum Posts by: Tyler Lingle

Tyler Lingle has started 50 posts and replied 406 times.

Post: Looking for Realtor to help sell property in Indy

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286
Quote from @Sherri Stokes:

I’d refer @Tyler Lingle there in NAP! Take care. 


 I appreciate that! 

Post: Buying 2 properties and maybe paying cash for one in Indiana

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286

It depends on where they are at. 


Class C in Indianapolis can mean a lot of things: declining neighborhood, stable yet not growing, or revitalizing. I advise people to invest based on the five year projection of that property. 

If in five years the rent & price have appreciated 10% then that's a great deal, and there are a ton of Class C neighborhoods like Englewood, Bean Creek, etc where that is doable. 

That's my take! Best of luck!

Post: Looking for advice on our first rental...

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286

Why not a new build in the Midwest that cash flows? I help investors buy those. 

Post: Indy Investor Meet Ups! Shooting for February

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286

Everyone: This one actually sold out as our venue could only hold 75. There will be many more. If you want to set something up with my my website is below. I'm an active agent and investor. Cheers 🤙🏽

Post: Looking to build my team in Indianapolis

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286
Quote from @Kenny Hall:

@Froilan Halili hey! Glad you can connect with @Tyler Lingle - highly recommend. I’d love to chat about the local areas and help you learn Indy. In addition can chat about property management services long term.


 Kenny & his team are great Property managers! 

Post: Looking to build my team in Indianapolis

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286

Hi Froilan, my team would be glad to assist you. We help with sourcing deals, transaction brokering, property management set up / handoff, and can assist with the contractor / scope of work side too if needed. I do have some solid hard money contacts too (ones of which I have personally used). Best!

Post: Best cash flow cities for 2023

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286
Quote from @Leo R.:

@Johnnie Schneider if this is one of your first real estate investments, I'd suggest being very wary of chasing cashflow. It's the classic conundrum: C and D properties cashflow, but are nearly impossible to manage, A and B properties don't cashflow, but are manageable.

All too often, we see forum posts by inexperienced aspiring investors who bought an OOS property that had "incredible cashflow on paper", and it turns out to be a disaster--a lip-sticked pig house in a D grade neighborhood, non-paying tenants, vacancy, property destruction/crime, and MIA PMs (and an inability to find a new PM--because no PM in their right mind wants to put in the significant effort it takes to manage a D property for the tiny returns the property pays them)

The best cash flowing markets are often not advisable for beginning investors--even less so for beginners trying to operate as a partnership, and even less so for beginners trying to operate as a partnership on OOS investments (all of which makes the operation exponentially more challenging, and nearly impossible in the C and D grade areas that have the best cashflow).

...now, if someone out there knows of a cashflowing A or B market with plentiful tenants and PMs, a strong and diverse economy, and low vacancy, I'm all ears  ;)    (but, as @Mike Dymski mentioned, if such a market exists, the local operators are understandably keeping it a secret).

Does this mean it's impossible to get cashflow on manageable property? No. But in my experience, cashflow on a good property isn't "found", it's created (i.e.; via value add strategies). 

Good luck out there!


 This is a great comment and couldn't agree more. 

As with anything, there are tradeoffs with real estate. I like to tell my investor clients, if you want to maximize cash flow, be prepared to maximize your active attention to it as well. You pay for what you get. 

Post: Indianapolis vs Cincinnati vs Cleveland - First time investor

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286
Quote from @Nathan Harden:

My biggest questions for you would be are any of these markets close to where you live right now? Have you visited any of these markets to see where to stay away from? Sounds like you're looking for cash flow if you're choosing from these markets. Cleveland and Indy will probably cash flow the best but there are parts of Cleveland that have very high taxes.

Good luck!

Agreed. It's not so much, which have the best macroeconomic trends. It's much more: Where can you develop moment, connections, and market insight the quickest. Happy to chat about Indianapolis! 

Post: Did you use a lawyer to set up your LLC?

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286

Hey guys, 

I personally set up my partner and I's LLC online in about 30 minutes, without the use of a lawyer. However, I'm not sure how robust our operating agreement is.

My question is, do you recommend using a lawyer to set up the operating agreement? Any other ways - legal zoom, etc? 

Curious to hear people's advice here. 

Post: Looking for Real Estate Agent in Indy Area

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286

Hi Lifeng! 👋🏽 
I'm an investor in Indianapolis RE and an investor-friendly agent. I help investors navigate the Indy market and I can provide a lot of great contacts in the way of property managers, inspector, lenders, etc. I'd love to connect further. I'll shoot you a direct message.