All Forum Posts by: Tyler Lingle

Hey @Guy Keren, I'd love to jump on a call with you.  

I own two short-term rental properties, albeit neither is in the FTSQ area, one is Christian Park and the other is in Butler-Tarkington. However, I've personally listed & sold quite a few properties in that neighborhood and have a good pulse on it! 

MARK YOUR CALENDARS | September 5th 2024 | 6PM - 8PM

Come join us for an exciting event at Guggman Haus Brewing! Whether you're a seasoned investor or just starting out, this masterclass is perfect for you. Learn from the best in the industry, network with like-minded individuals, and gain valuable insights to help you succeed in your investment journey. Don't miss out on this opportunity to take your investment skills to the next level. See you there!

About our Speakers
Mark Nottingham
Mark Nottingham is the principle broker & co-owner of @properties IND. He has spent the last decade building one of the largest residential real estate brokerages in greater Indianapolis, all the while investing heavily in real estate. Mark is the owner of numerous commercial real estate assets, as well as a leading figure in the residential new build company, Full Circle Development, which is committed to the construction of affordable housing in Indianapolis. Mark is a long-time resident of Herron Morton where he lives with his wife and children.

Nick Giulioni
Nick began investing in real estate from Southern California in 2017, rapidly expanding his portfolio to the point that he's now touched/owned over 200 properties using creative financing, flipping, and the BRRRR strategy. In 2020, he relocated to Indianapolis, where he fully immersed himself in the local market and now resides with his wife and daughter. After leaving a successful e-commerce sales career in 2022, Nick became a full-time real estate flipper, investor, and wedding venue owner, and founded Off Leash Construction.

THANK YOU TO OUR SPONSORS WHO MAKE THESE EVENTS POSSIBLE:

These are the venders we trust with our own real estate investments & clients:

Jon Dages with Mamba Mortgage

Top Dog Home Inspections

Renato Lima with Approved Mortgage

T&H Realty & Property Management

Off-Leash Construction

King Agency - Goosehead Insurance

Aaron Bogenschutz with Cross Country Mortgage

Hey @Sharon Asayag! I love what you're looking to do. I'd be happy to hop on the phone to walk you through what I've learned with the 7 RE deals I've invested in in Indy, and what our team has learned helping over 150+ investors buy / sell in Indianapolis. 

In general, Indianapolis is currently a Seller's market with an average of 9 days on market. However, this depends on the sub-market & season. For example, Fountain Square or the Near Eastside will jump to 30 days on market around Halloween, despite the fact Broad Ripple or Fishers will remain ultra-competitive because of their respective higher demand / low inventory. 

For resources, I have a lot. We have a neighborhood grades / development map that I think could be helpful for a beginner. 

Jacob Kelly with Top Dog Home Inspections is who we love using at Roots. Google him. 

Here's a short synopsis on Indy investing (as a realtor with 150+ transactions & 12 doors in personal portfolio): 

- Indianapolis has all the right metrics for a stable investment: average appreciation 3-5% per year, consistent population growth, low unemployment, highest % of GDP growth last 5 years of any Midwest city. 

- Indianapolis is VERY competitive in the fixer-upper & multifamily realms. Especially on the market. You have to have the right team in place and have knowledge of the marketplace, it's not a beginner friendly market IMO. 

- All the gains in real estate come from network effect & relationships. Go to the meet ups locally, hire an investor minded realtor, talk to multiple property managers. Get a local vantage point with local relationships, otherwise you'll be one of the MANY investors that stay for awhile but sell / exit quickly because they didn't build a strong foundation...

My two cents! Happy to connect!

I personally like to buy real estate that has A) excellent long-term prospects ie. area growth, commercial vibrancy, high housing demand, rising rental rates and B) positive or at least neutral cash flow. I'd rather sacrifice a tad on B in the short run to get A right. 

@David I'll PM you. 

Serious thought. Move to Indianapolis ("okay sure says the Indianapolis agent!")

But really, Median price is about 1/2 as much. I see great turnkey rentable duplexes, tris, quads for $300-500k all day here. A-B- class areas. 

It's a 3 hour drive, 2.5 hours if you drive like me (lol). There's a lot of talk about an eventual high-speed rail connecting Indy to Chicago (probably 15+ years out there). 

Start remote with some commuting back to Chicago? 

Added benefits: Indianapolis is pro-investor / landlord, much less red-tape for building a rental / STR empire, and the property taxes here don't drown your cash flow (although they have gone up like elsewhere).

I'd love to be in your situation! The Midwest but specifically Indianapolis would be a great potential option for you. From 2019-2024 Indianapolis has had be best jobs growth & GDP % growth of any Midwest city. It's truly on fire! And very pro-investor / landlord here. 

Here's exactly what I'd do in your shoes: 

1) Build a solid team -- Agent, PM, Contractor, Handyman, Lender (all local pros)

2) Invest in a Turnkey Duplex or SFR just to get your foot in the door and learn the area

3) Then, with money left over Invest in a BRRRR and recycle that money indefinitely as assets appreciate / force appreciate

4) Acquire a large fleet of Indianapolis rentals as the city continues to expand. 

Indy is now the host of many major events / conferences, and the narrative on the ground is very positive about our real estate, and like many places the supply cannot keep up with the demand. 

These folks above I'm sure are awesome. 

I really enjoy using Off-Leash investments @Nick Giulioni's team is our trusted source of rehabs & maintenance.