All Forum Posts by: Tyler Lingle

Quote from @Drew Sygit:

@Voley Martin

How high can housing prices in the City of Detroit go?

In case you missed it, Detroit' Mayor Duggan announced that the value of houses in the city increased 23% in 2024.

In the last 7 years, Detroit housing is up over 300%!

That's an average of 17% annually over that time.

The City of Detroit has not only outperformed every city in the Metro Detroit area, its outperformed every city in the USA from 2014-2024:

Let that sink in for a minute ... you'll probably need more time than that to process this!

Not only did Detroit beat every city in other popular Midwest states like Indiana, Missouri, Ohio, Wisconsin, etc...

Detroit beat every city in the super popular states of Arizona, California, Florida, and Texas - Detroit beat them ALL!

Now let's be real, yes housing values are up overall in the city, but they do vary by Neighborhood. So, it's still NOT a good idea to try to invest by zip codes - which are too big in our opinion/experience. Please stop asking us for "the best" zip codes to invest in.

Detroit has around 183 Residential Neighborhoods - wouldn't it be nice if "some proprety mangagement company" Classified them all as A, B, C, or D on an interactive map that real estate investors could use to make better decisions?

 I think this is because so much of it was blighted and worth practically nothing before. Not saying it isn't astounding but it's harder to go from median price of 300-400 than 50-150. 

Hey Joseph, check out Indiana Out of State Investor group on facebook. There's hundreds of wholesalers on there... Many are willing to help out!

For your goals I would strongly consider a growing Metropolitan city in the Midwest -- Columbus, Cincinatti, Indianapolis are all great choices. 

I am from Indianapolis and now have 12 units here in small residential (1-4 unit housing). I can easily achieve the $100 / in pure cash flow. On some of my duplexes / quads I am getting that per unit + some. 

For me, Indianapolis is great because you get cash flow, affordability, landlord-friendly environment + solid appreciation and development. Indianapolis has one of the lowest unemployment rates in the nation for Metro Cities and is sneaky powerhouse of an economy! 

In 2023, I started a real estate agent team, we are investors ourselves so we work from that point of view. Happy to get on a call and chat through your goals! 

Heat Check 🥵 I’m going to give early Spring market in Indy a heat check of 6.5/10. The image below shows inventory from 15 days back. As you can see we have more properties that have gone pending than are new, BUT we do have almost just as many price drops. It’s a weird market… well-priced deals are flying off the shelves while, sub-par deals are price dropping, sometimes multiple times.

Moral of the Story: When rates are still upper 6’s, junk inventory doesn’t move…

To read the rest of this post find it here / suscribe: 

https://indy-investor-update.beehiiv.com/p/heat-check-home-s...

Hi there, I am an investor & agent in Indianapolis. I've scaled a small portfolio to 12 units. I'd love to share some lessons learned and lay of the land!

We host RE meet-ups as well. CIREA is great but we tent to get just as many people and a ton of great energy. rootsrealty.co/events 

I would suggest Indy. I'm on #8 property, 12 units in Indy. All about under $300K. Very doable... Let's get on a call and discuss!

December Indy Investor Masterclass

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. We’ll discuss how to get started in real estate, learn from industry experts, 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

Alex Montagano
Alex Montagano is a real estate investor and a investor-minded real estate broker / owner. Alex has flipped multiple homes and owns over 20 units in Indianapolis. He is the CEO and Owner of Lockstep Realty, the 2nd largest eXp brokerage team in the state, with 15 agents. Lockstep prides itself on market expertise in Indianapolis as well as an unparalleled client experience.

John Murphy

John Murphy has been a resident of Indianapolis for 41 years. He is married to his wife Dolores, he has four children and two dogs. He is owner of MJW mortgage, owns a variety of real estate; 29 residential doors, a commercial office building, and industrial buildings. The company has grown from 3 employees to 71 team members. MJW is a Fannie Mae seller/servicer for residential mortgages. Outside of work; He has written two books, and recently started working toward being a social media influencer.

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

T&H Realty & Property Management

Off-Leash Construction

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Aaron Bogenschutz with Cross Country Mortgage

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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

Alex Montagano - investor-friendly agent & BRRRR investor
Alex Montagano leads the Lockstep Realty Team with a focus on delivering exceptional results and a smooth experience for every client. With a keen eye for strategy and a deep understanding of the market, he ensures that his team consistently exceeds expectations. Balancing his professional commitments, Alex is also a dedicated husband and father to twins, bringing the same level of care and dedication to his family life. His ability to lead with both passion and precision makes him a trusted partner in real estate.

John Murphy - mortgage company owner & commercial RE investor 

John Murphy is resident of Indianapolis for 41 years. He is married to his wife Dolores, he has four children and two dogs. He is owner of MJW mortgage, owns a variety of real estate; 29 residential doors, a commercial office building, and industrial buildings. The company has grown from 3 employees to 71 team members. MJW is a Fannie Mae seller/servicer for residential mortgages. Outside of work; He has written two books, and recently started his attempt to be a social media influencer.