All Forum Posts by: Tyler Lingle

Congrats! 

Hi there, I work as an agent but also rental property investor myself. After talking with some experienced investors with 100+ doors, I've begun to consider investing in highly stable, low turnover areas. These experienced investors pointed out that homes in the suburbs tend to be newer and have tenants that protect your asset and don't vacate as quickly. Even though on paper they might not look like as great CoCROI or Cash Flow, they tend to be better in the long haul. 

My question is, what do you guys think. Should I focus more efforts in the suburbs? What has your experience been like? 

@Austen Mueller That is a fantastic list! Copying and pasting it to send to my investors and for myself :)

@Jason Bailey Could I ask... what are the questions you now ask to screen Property Managers? 

@Kenny Hall is great! Awesome, responsive service. Run by investors themselves. Just Liv Indy is the name of the company. I refer many investors to them. 

Here's my thoughts as I've helped clients close on homes in this exact neighborhood. (We just closed on  4126-4128 E Washington)

1 - RE: My understanding is that this is a C/D neighborhood -- This is now C grade and rapidly improving. New, nice apartment complexes right next to it. 

2 - It is most common for water / sewer only because it can't be split on the meter. 

3 - Those rents are great and at market value based on my read. 

4 - Citizens (gas) 100-150 per month per unit. Same for electric. Water/sewer around 200 for the entire property. 

5 - Not sure, honestly.

6 - You need a solid property manager. PM for contacts. 

I hope this is helpful!! Tyler

If it's your own primary residence you don't have to worry about capital gains tax. It depends on rent to mortgage ratio for your home concerning point 3 in my opinion! If I were in your shoes I would sell if the market is hot and use the money to buy one MF and if possible one or two SF. 

Good question. I don't know the answer but I do know I had considered doing a flip there! I'm here to see other's responses. 

Hi there. I live in urban Indy, I'm an agent in central Indy, and I have investment properties in Indy. I'd love to be a resource!

Hey Arthur, 
I'm an agent but also a new investor who was recently in your shoes. I'd be happy to talk about entering into investing! I have 5 doors in indy and I've brokered deals for newer investors who picked up SF or smaller MF. Let's talk man!