All Forum Posts by: Tyler Lingle

Hey @Sharon Asayag! I love what you're looking to do. I'd be happy to hop on the phone to walk you through what I've learned with the 7 RE deals I've invested in in Indy, and what our team has learned helping over 150+ investors buy / sell in Indianapolis. 

In general, Indianapolis is currently a Seller's market with an average of 9 days on market. However, this depends on the sub-market & season. For example, Fountain Square or the Near Eastside will jump to 30 days on market around Halloween, despite the fact Broad Ripple or Fishers will remain ultra-competitive because of their respective higher demand / low inventory. 

For resources, I have a lot. We have a neighborhood grades / development map that I think could be helpful for a beginner. 

Jacob Kelly with Top Dog Home Inspections is who we love using at Roots. Google him. 

Here's a short synopsis on Indy investing (as a realtor with 150+ transactions & 12 doors in personal portfolio): 

- Indianapolis has all the right metrics for a stable investment: average appreciation 3-5% per year, consistent population growth, low unemployment, highest % of GDP growth last 5 years of any Midwest city. 

- Indianapolis is VERY competitive in the fixer-upper & multifamily realms. Especially on the market. You have to have the right team in place and have knowledge of the marketplace, it's not a beginner friendly market IMO. 

- All the gains in real estate come from network effect & relationships. Go to the meet ups locally, hire an investor minded realtor, talk to multiple property managers. Get a local vantage point with local relationships, otherwise you'll be one of the MANY investors that stay for awhile but sell / exit quickly because they didn't build a strong foundation...

My two cents! Happy to connect!

I personally like to buy real estate that has A) excellent long-term prospects ie. area growth, commercial vibrancy, high housing demand, rising rental rates and B) positive or at least neutral cash flow. I'd rather sacrifice a tad on B in the short run to get A right. 

@David I'll PM you. 

Serious thought. Move to Indianapolis ("okay sure says the Indianapolis agent!")

But really, Median price is about 1/2 as much. I see great turnkey rentable duplexes, tris, quads for $300-500k all day here. A-B- class areas. 

It's a 3 hour drive, 2.5 hours if you drive like me (lol). There's a lot of talk about an eventual high-speed rail connecting Indy to Chicago (probably 15+ years out there). 

Start remote with some commuting back to Chicago? 

Added benefits: Indianapolis is pro-investor / landlord, much less red-tape for building a rental / STR empire, and the property taxes here don't drown your cash flow (although they have gone up like elsewhere).

I'd love to be in your situation! The Midwest but specifically Indianapolis would be a great potential option for you. From 2019-2024 Indianapolis has had be best jobs growth & GDP % growth of any Midwest city. It's truly on fire! And very pro-investor / landlord here. 

Here's exactly what I'd do in your shoes: 

1) Build a solid team -- Agent, PM, Contractor, Handyman, Lender (all local pros)

2) Invest in a Turnkey Duplex or SFR just to get your foot in the door and learn the area

3) Then, with money left over Invest in a BRRRR and recycle that money indefinitely as assets appreciate / force appreciate

4) Acquire a large fleet of Indianapolis rentals as the city continues to expand. 

Indy is now the host of many major events / conferences, and the narrative on the ground is very positive about our real estate, and like many places the supply cannot keep up with the demand. 

These folks above I'm sure are awesome. 

I really enjoy using Off-Leash investments @Nick Giulioni's team is our trusted source of rehabs & maintenance. 

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.