All Forum Posts by: Tyler Lingle

What's up! Welcome to the Indy BP community! I personally host indy investor meet ups with @Joshua Matthews. I can add you to the list if you want. I'm doing on Feb 16th!

What's up Domingo! In your shoes I would consider House Hacking aka buying a multifamily and then leasing up the other units. If you get a solid deal you can often live for free or in cash surplus. We can put you in touch with some lenders offering creative loans like 5.8% ARMs to ease the monthly payment constraints. Look forward to speaking!

I'd love to help. Reach out. 

@Kristen L Garner does lend to Indiana and I've worked with her before :). That 9-unit has some odd tiny units high-tailed on the back. Funky property. However, cash flow could be good and that area has had 15%+ appreciation on the year... I'd love to help, I'm an agent in the area and I've done a ton of deals w/ investors! 

I have experience investing in Indianapolis. 7 doors now. 

I personally like investing in the developing markets (transitioning from C to B neighborhood where commercial & residential revitalization is happening). A lot of that in urban Indy! 

Average deal is going to cash flow $100 / door right now leveraged due to rates. Great deals can of course be a lot more. 

Appreciation should be strong, not double digits but I'm anticipating great growth as our population expands and GDP keeps going up (40% growth in Indiana in the past decade GDP wise). 

I'd love to help you! 

Following. 

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $110,000

Contributors:
Devon Allee

Irvington 2/1 bungalow. The purchase was from a wholesaler (Mainstay) at $110,000. I think it's as-is value was about $130,000. I bought this with private money entirely, including 20k budgeted for light renovations. We hope to refinance it above $160,000 to get all the invested capital out of the deal. It will be a long term hold!

 Just need a good email. DM me.

Why not Central Indiana? 
Relative to Chicago we have, more potential for long-term appreciation & population growth. Healthy local government helping more out of state capital land here. Lower property taxes. More favorable landlord stipulations. More affordability with a median home price around 220k. A short drive down to see properties! 

 Where in Indianapolis do you focus on?