All Forum Posts by: Tyler Lingle

Hi Thomas, the Indianapolis market is a great place to invest! We are (last time I checked) the second most affordable large metro in the nation, and yet the fastest growing city in the Midwest! I currently own a quadplex on the near Eastside, a dynamic neighborhood I like to target when investing. I do work with clients as well as part of my agency business! Would love to chat more. 

Hi Nick, I'm in Indy as well. The market is slowing down around 100-300K, due to buyers in those tiers being disproportionately hurt with rising interest rates. For higher end home and cash deals, the market is as crazy as ever. 

Hey Jay, I love using Jacob Kelly with Top Dog Home Inspections. Otherwise, I would recommend Markham Inspections. They even have a good investor grade "5 point inspection". I refer them to my investor clients all the time. Cheers!

Hey Mike, I have more experience in the long term rental sphere with my own investments in Indy and my clients'. However, I think that Airbnb on the other side would be totally fine as long as tenants know that is the case on the front end! 

I would second Indianapolis. I know the small multi market well in Indy. 2-4 units. We have quite a few strong areas of town that still cash flow and should appreciate a lot, too. I just helped an investor lock in a quadplex for $275,000 and each unit was renting for $800. These deals are getting harder to come by but they are out there. 

Ideally, I'd look for a property that will cash flow once you leave. The equity will build regardless. 

Buying in Indy over the next 5-10 years is almost never a bad decision. We are the most steadily growing Metro Area in the Midwest at 2-3% a year with a diversified economy and relatively strong GDP for how affordable we are. In fact, we are a hugely undervalued city as the 2nd most affordable large metro area (after Memphis). To buy now in Indy, especially considering we literally bottomed out in housing inventory in March (lowest point in more than a decade) is a very smart move. Everything is spelling more appreciation. It's supply demand. Interest rates will hurt demand but supply and the strength of our local economy is such it won't matter. My two cents. 

Hey Brian, good to e-meet you. I'd make the case for Indianapolis. Even admidst the crazy appreciation happening nation-wide it is still a relatively undervalued market (fastest growing city in the Midwest on average, strong diversified economy, small but growing tech sphere, relatively strong GDP, and yet 2nd most affordable large metro area after Memphis). I'm helping some OOS investors in your shoes purchase small 1-4 unit residential multifamily units. There are plenty of nice duplexes to quads for 200-500K that can pull the 1% rule, still.  

Just tossing my hat in here too! I'm a broker as well, if you need opinions I have helped investors navigate house hacks before. It's such a good time to be doing that in Indy. Rents as previously mentioned are climbing a lot. I think you're smart for looking on the northside, as it's appreciated nearly 10% faster than other areas of indianapolis! 

Check this out... I'm a realtor and this was deal analysis for someone looking to House Hack and move out after one year in. 

Rents for the deal are $1650 / side, one side already is leased out. 

Purchase Price: $385,000

Downpayment FHA 3.5%: $13,475

Closing Costs: ~$7,500

Cash to Get In (Cash Outlay): $20,975

Living expenses year 1: $1,227 / month

*Move out year 2*

Rent Cash Flows from Year 2: $5,364

Equity Built through Mortgage Payoff through Year 2: ~$11,000

Projected 10% appreciation over 2 year: ~$38,500

Total Return on Investment through 2 years: $54,864

Return on Investment Two Years in: 261% ROI