All Forum Posts by: Tyler Lingle

I would love connect about the events we are doing for investors. We are getting some pretty good attendance!

Definitely a cash flow versus appreciation play. Modest development as @Jaron Walling mentioned. Mostly outshined by greater Indy. 

There are a lot. Average Daily Rate this winter for a 2-3 bedroom home is $125. Barely above hotel. However, this is a very seasonal market, and the summer sees that ADR go up to ~$185-200. The reality is, the STR market downtown is quite saturated, and the bad operators are starting to sell. I'm seeing more and more furnished units up for rent. You have to stand out from the crowd right now, or go to higher head count-type unit. Those seem to be in need, as there are very few 5+ bedroom options.

 I'd love to be put in contact with your agent. I have some clients that shop Louisville too, and would love to refer!

I'd start with @Nick Giulioni's team Off-Leash Construction. We use them for all of our contractor / maintenance needs at the moment!

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $565,000
Cash invested: $190,000

This property was an off-market lead from a broker in my network. We purchased it for $565,000 but I was happy to see appraisal for $642,000! It was a large initial cash investment and I brought family member on as cash provider in the deal, while I manage and oversee it. The total gross rents are $4600, however we plan to furnish two units and manage it with my managment entity for STR / MTR and boost rents to $5500-6500 within year or two.

What made you interested in investing in this type of deal?

The cash flow potential and the A class area of town!

How did you find this deal and how did you negotiate it?

Off market through broker connection.

How did you finance this deal?

Formed LLC with family member who brought the cash. We are 50/50 equity partners.

How did you add value to the deal?

I will furnish 2 units and lease them to travelers on mid-term leases.

What was the outcome?

TBD...

Lessons learned? Challenges?

TBD...

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I represented myself on the transaction as an agent. I am using T&H to manage it at the moment.

Hi Guy, our team would love to connect with you to hear about your goals in RE & Indianapolis investing. We should be able to help you lock in a great fix & flip, there will be a couple neighborhoods to focus on specifically I'd love to have my team talk through with you. 

 This is really high signal... The elephant in the room is where of these can you cash flow actually (rent to price ratio being sufficient). That would be Eagledale & Little Flower. If rates dropped then Garfield Park, Lawrence, Greenfield, Mapleton-Fallcreek, Irvington, Beech Grove. 

Brownsburg / Plainfield / Greenwood may be great for finding families / long term residents but the appreciation there has made is quite difficult to cash flow unless you want to wait a few years. 

Hi there, I personally know investors doing MTR in Kokomo and other small mid sized Indiana cities like Muncie, New Castle etc. Would love to connect to point you in the right direction! 

Hi there! We have numerous events. February 15th @ 6-8pm we have a sweet panel event discussing How to Break Into Real Estate with Low to No Money Down. Should be a great discussion and even go into some high-level concepts surrounding private money / equity deals! To sign up for our events notifications you can go to https://rootsrealty.com/investor-events/ Would love to connect in general about your goals!