All Forum Posts by: Tyler Lingle

Lol. I just asked the same question but I live in Indy! PM me as I have some guys that do certain jobs super well. 

I have 5 doors as well as my own primary residence I'm flipping in Indy. I have some good relationships with handymen in certain fields (tiling for example). However, I'm curious if anyone has recommendations for timely, affordable, and investor-friendly contractors that are great with bathroom remodel, putting in counter tops / cabinets, and drywall patching / repair. Would love any suggestions as I give a high volume of business myself!! 

Hi Jordan, I'm also interested in meet ups! Let's do one! I've only seen some sporadic random ones. 

Hey Marina, visiting is such a good idea and something so few out of state investors do at the beginning. I've noticed it really helps them get in the mode to take action sooner than later. I'm a real estate agent with the largest brokerage inside the city & locally-owned, Plat Collective. I have investment properties in the city myself and plan to keep ramping that up. My recommendation is to find a great team and people you really trust! Interview them and make sure they understand the needs of you, an out of state investor. This includes an agent, lender, property manager, contractors etc. Soooo crucial. The more questions the better! 

In terms of scaling money now is usually better than money later...

In my opinion, knock out the closing cost. A higher interest rate can sometimes mean a difference of $50 / month...or so. When you are consistently refinancing every so often and extracting equity out of it, that monthly difference matters little.  Money now seems more valuable in my opinion. Focus: Aquire more properties. 

Hey Steven, I work as an agent for investors in Indianapolis! I have 4 units currently myself besides my own primary residence. I'd love to talk through your situation and give you pointers on locations / neighborhoods / rents. I'll connect with you & PM! 

Good question & love the responses! 

Land as many MF for my clients as possible!!! Rent out my current four plex completely. Prepare for more next year by developing relationships with great lenders. 

I have a great property management company for you. Using them with a 4plex. Intrigue Indy. Ryan is my point person. Tell him I sent you. IntrigueIndy.com -- Again, I'm local based in indy with MF property. 

A couple questions about Airbnb in Indianapolis. 1) Is there enough visitor volume to get it rented out weekly or at least biweekly? 2) Do people suggest longterm or short term? 3) Can it work in neighborhoods more than 10 mins from downtown? 4) Anything I should keep in mind? 

@Sara T.

Hi there! I agree with pretty much everything posted here. Esp about 1% rule being found in around B- neighborhoods. That is the same for Indy. 
I am a broker local to Indianapolis and own my own buy + holds and looking more into BRRRR as well as working as an agent for individuals trying to BRRRR.

I'd love to discuss indy-specific concerns with you!