All Forum Posts by: Tyler Lingle

Indianapolis - Worse on immediate cash flow, much stronger in long-term growth. Best jobs market in the Midwest. 

My team would be happy to discuss. Sounds like you're just getting going and in the team formation stage. Great stage to be in! For starters, I'd recommend looking in gentrifying, developing neighborhoods. Christian Park, Bean Creek, Near East, Near West, Beech Gove, Fountain Square would all be good candidates. We help investors buy here all the time. 

@Mark Jones is awesome. I've personally used LIV Indy and Intrigue Indy. Both are pretty solid. 

My two cents is to stay loyal to one agent and get prioritized by them.  I have guys who I send off market deals to first, because they stay loyal to me and value my time. Sounds like same story for the legend @Nick Giulioni and his agent Beau. 

 I'm ready to meet anyone. We do investor meet ups and a happy hour. Info is above!

Thanks for the shoutout to our event! 4:30-5:30pm there^ the more the merrier 

Right now, I'm pending a duplex for a client: 3241 N College Ave. I cannot reveal the contracted price as that's not allowed but asking price was $410,000. Mortgage is around $2500 when you factor in taxes / insurance / some seller help with paying down some costs. The rent for the tenanted side will be $1500. 

All in all, he's looking at a live-in monthly cost of around $1000 to live in half the side of a large $410k duplex in Indianapolis. 

I still get people telling me, "House hacking won't work now." But my response is, reducing your housing payment, while still paying down the mortgage and receiving appreciation IS the win. 

My question is, would you do this deal as a first time investor? Do you think house hacking is viable in this market? 

 Reach out to our team! 

What I'm hearing is the consensus is that this problem isn't going away any time soon, which I agree with. 

@Sam McCormack I hear you answering a different question, which is how does an agent survive in this type of marketplace. I'm sure cold calling does work with enough reps. I have 5 upcoming listings, and more business than I can keep up with, mostly from providing value on here and elsewhere and have yet to make a single cold call, ever in my business. I host events and do a newsletter and do many other strategies.

I think from an investor perspective lower ROI will be the norm for quite some time as asset prices will stay propped up due to low supply, and cost of debt is still relatively high. That being said, much of the ROI from a rental will likely come from asset appreciation. Those that learn to play this game well should win big (as they have in history). Just my two cents!
 

@Nick Giulioni has a great construction management company! It's called Off Leash Construction Management. Check them out!