All Forum Posts by: Tyler Lingle

Hey Dylan, I'd love to connect. I'm a Broker, Real estate investor, and local BP learner. 

Hi guys, I'm an agent in Indianapolis and honestly I'm pretty tired of helping OOS investors buy there own rentals. I'm starting my own business which will buy rentals / value add properties, and use other people's money to fund at a 10% interest. I'm mainly looking for any wisdom from others who have used promissory notes, secured by a property, and how they structured that. Do you do interest only payments? What happens when they want to pull all their money out? How often do you pay them interest? And, if I'm buying them with an LLC do you guys have experience getting a mortgage with an LLC?

Here's the best in my experience - Most of my deals are investor deals:

Eagle Land and Title (extremely easy to work with and often let seller sign days in advance actually) 

Investor Title Services

Hope this helps! Would love to connect. 

Hi Vlad, I'd love to have a conversation with you. I've now equipped many OOS investors with knowledge of neighborhoods, typical RVP (rent vs. price), and the general lay of the land. I'm also connected to a property management co here named Intrigue Indy. My two cents is to begin to put together a strong team and plant seeds for the long haul! 

Hey Craig, I know the Indy and Speedway market well. Your budget is very realistic and doable. You could score a very nice property pulling some nice rents there. I'd love to help you discuss neighborhoods and give you my overall "lay of the land" in the Indy market if you'd like. 

Hey Jacob, I'd love to connect for future indianapolis projects. My biggest pain point with my own investments and those for real estate clients is the need for a dependable contractor!

Turnkey / B area .7 is amazing. 

C area / needs work... 1% or even sometimes 1.5% 

Hey Anthony, sounds like you've already done a lot of your own due diligence / thinking about this but I would affirm what some others are saying on here. Condos in general just aren't the greatest investment, especially in Indianapolis, when looking at all options. Downtown Condos in fact are actually the only category of home in Indy that hasn't seen the normal 14-20% appreciation of the rest of the market the past couple years. You'd be able to get a pretty solid turnkey duplex or maybe even two small SFR with the ~80K or so you'd net from the sale, after broker commission / closing costs.

Intrigue Indy! Just search us on Google, :)

Hi all, what do typical property taxes as a percentage look like in Chicago. You all might hate me but in Indianapolis we average 1.5-2% for investors.