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All Forum Posts by: Tyler Lingle

Tyler Lingle has started 50 posts and replied 406 times.

Post: Looking for Strategic Partner

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286

Hi Dave, I believe I know which one you are speaking of. Great location. I'd love to connect to discuss. 

Post: Location - Trying to nail down a location for my first investment property

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286
Quote from @Min Zhang:

I prefer to start in the midwest, because the entry point is much lower and cash flows the best. As long as you develop your Core 4 like David Green’s mentioned in his long-distance investing strategy (realtor, contractor, property manager, and lender), you should be able to invest anywhere with confidence. I buy in Columbus, Ohio. Columbus has experienced so much growth for the past few years, partly due to the influx of tech giants like Intel ($20 billion), Meta, Amazon, and Google building warehouses and data centers in the area, which has contributed to an increase in property prices and more people moving into the city for job opportunities. I also invest in Cleveland and Cincinnati.


 Hi there, Indy might be what you're looking for. We have extremely low unemployment (around 2.5%), rising rent rates (about 12-15% in 2022), tons of capital investment in our infrastructure & housing at the moment. Low median prices (although that's changing). Landlord-friendly, no pay-no stay laws. With my own rentals here I find it's a good mix of cash flow & long-term appreciation. Single family rentals (3 bed, 1 bath) you can get a solid one for $150-200k that will rent at or near the 1% rule. Small 2-4 unit, multifamily can be a great option to start with too (even better if you want to do an owner-occupant 5% down conventional loan - as they're now allowed!). 

Post: Real Estate Happy Hour

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286

A time to meet & connect about real estate. Grow your network. Talk to investors, agents, property managers, contractors, etc. It's at CoHatch Broad Ripple every third thursday of the month! 

To sign up for our investor events list go here: https://rootsrealty.co/investor-events/

Post: Where should I invest Indianapolis IN, or Carmel IN?

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286

Hot take - Invest in Carmel (if you can lose money for months to make real money in years). On the real, Carmel has an intense need for more STR's, however, the city is not super friendly to them.

Post: Investing in sketchy areas....

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286

Gunshots can be heard in many areas of my city. Event sometimes areas on the up and up. Sadly, it is more of an urban vs. rural thing. That being said, excessive gunshots is obviously going to make the area less desirable. 

I love the comments about investing in a unit you yourself would live in, or your friends. I think it's very wise and I wish I would have followed that advice on my first investments.... 

Post: Investment Map/Area Gentrification

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286

The map is available for download on our website. I also do an overview of the Indy investor map here: 

Post: New to to Wholesale - Where can I get a list of properties?

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286

Come to our meet ups to meet other wholesalers!

Post: Out-of-state investors presence in Indianapolis. Do you see your state represented?

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286

Very interesting. I get a lot of calls from LA / SF so makes sense...

Post: The BRRRR method is dead

Tyler Lingle
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286

*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
Posted
  • Real Estate Consultant
  • Indianapolis, IN
  • Posts 427
  • Votes 286

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