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All Forum Posts by: Tyler Lingle

Tyler Lingle has started 46 posts and replied 388 times.

Post: The BRRRR method is dead

Tyler Lingle
Agent
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 409
  • Votes 283

*The Fully Cash-out BRRRRR is dead. The BRRRRR is not dead and value add investing will always make sense when one looks at alternatives.

Post: Midwest Real Estate Investment

Tyler Lingle
Agent
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 409
  • Votes 283

Indianapolis near Downtown. Christian Park & Bean Creek. Would love to help! 

Post: Is Wall Street Crowding Out Indianapolis Home Buyers?

Tyler Lingle
Agent
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 409
  • Votes 283

It's much worse in cities like Atlanta. 5% is less than I would have expected. Since the market shift I barely see any of these guys. Mostly, you're seeing a lot of mom and pop investors buying up cheap Indy urban homes that are "cash flowable". However, since market shift / rate increase even these guys have slowed down quite a bit.

Regarding regulation, I think eventually Indy will have to regulate against Short Term Rentals. I'd guestimate that almost .25 of Fountain Square is STR. Eventually, when things get more hot this will be an issue.

Post: Property Tax Rate Indianapolis

Tyler Lingle
Agent
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 409
  • Votes 283

Investors - 2-2.5% in Marion Co (Indianapolis)

Owner Occupants - 1% w/ Homestead Deduction

Variations apply.

Post: Indy Investor Course! [Rough Draft]

Tyler Lingle
Agent
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 409
  • Votes 283
Quote from @Marci Daugherty:

Happy to take a listen as a fairly new investor although I have different strategies : STR and MF but still will listen. How would you like feedback ? If prefer via email, please let me know ! Marci


 Email! my email is on my profile. Thanks a million.

Post: There are 2,466 listings for sale in my city

Tyler Lingle
Agent
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 409
  • Votes 283

Long term ROI versus short term ROI is first question. Short term ROI means you need to value add and BRRRR or flip. Long term means buying good real estate, in an enviable area or line of development. I am personally doing the later as it is more passive.

Post: Indy Investor Meet Up - with panel!

Tyler Lingle
Agent
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 409
  • Votes 283

Here's the link to get your (free) ticket: https://www.eventbrite.com/e/indy-investor-masterclass-meet-...

Post: Indy Investor Meet Up - with panel!

Tyler Lingle
Agent
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 409
  • Votes 283

Welcome to the 3rd Indy Investor Meet Up! In this Masterclass, we are hosting a Financing Panel with top-performing lenders & investors to discuss how to best structure your deals and finances to succeed in real estate. This meet up is open to the public and a time to learn, network, build your team, and build momentum in your investing journey! Beer and light snacks will be available. There will not be full kitchen service.

Panel Members:

  • Rex Fisher, Co-Owner of @properties brokerage, Investor with 300+ scattered site units
  • Nick Giulioni, Owner of Off-Leash Investments & Off-Leash Construction Management, Investor with 150+ deals done
  • Derrick Christy, Founder & Owner of Approved Mortgage, Serial entrepreneur, Commercial real estate investor & Developer, and Venture capitalist
  • Jon Dages, Residential Loan Officer with FCM Home Mortgage, Investor-friendly loan originator

Post: Indy Investor Course! [Rough Draft]

Tyler Lingle
Agent
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 409
  • Votes 283

Hi y'all, I created a 48 minute course geared for Beginners / Intermediates looking to invest in Indianapolis. It goes over locations to invest in for cash flow / appreciation, different strategies (MTR, LTR, STR, BRRRRR), how to run the numbers in context, and overall Indy principles.

This is a super rough draft. I'm looking for some folks to watch and give me some honest feedback! 

- What was strong? 

- What changes would you recommend? 

- What could I be missing? 

Plug it in on a drive and just listen maybe. Any feedback would be awesome! 

https://www.loom.com/share/5a288ed761fb46cdb6a9cd9047f30675?...

Post: Adding an Electric Meter to Quad

Tyler Lingle
Agent
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 409
  • Votes 283
Quote from @Richard F.:

Aloha,

Adding a submeter is not terrible, around $1k here. The bigger issue is how are the actual electrical distribution circuits mapped out? Typically, one circuit will provide power to all/most of the ceiling lights per floor, while multiple separate circuits will power parts of several room's outlets. Of course kitchen and bath also have additional individual circuits for appliances and GFCI. Changing this distribution so power can be completely separated from one unit to the other can be very costly, and usually involves opening walls. This MUST be done by a licensed Electrician. 


 Well it’s two separate units that are on the same meter so I’d think separate circuits?