Independent
A third party with no stake in the deal.
Experienced
21 years of real estate experience.
Local
Local market insight and boots on the ground.

Services

Coaching & Mentoring

Get practical guidance from someone who has been in the trenches. I help new and developing investors build a clearer process for evaluating properties, estimating risk, and making better decisions with confidence.

  • Deal decision process: Learn how to evaluate a property step by step rather than relying on emotion or guesswork.
  • Risk awareness: Understand the main issues that can quietly eat away at returns.
  • Confidence and accountability: Stay focused on the right questions and move forward with a smarter plan.

Property Walk-Throughs

Know the real condition of the property before you commit. I identify the issues that could affect your budget, timeline, and exit strategy.

  • Potential trouble spots: A closer look at the foundation, roof, plumbing, electrical, and layout.
  • Rough repair costs: Practical estimates to help you plan, rather than contractor bids.
  • Remote walk-throughs: Photos, video, and a candid summary if you can't visit in person.

Deal & Financial Analysis

Have your numbers right before you make the offer. I review the assumptions behind the deal so you can understand the true risk, upside, and likely return before you commit.

  • After-repair value: Compare the property with nearby sales to estimate what it could be worth after the work.
  • Flip and rental ROI: Review costs, holding expenses, cash-on-cash returns, cap rates, or a BRRRR refinance plan.
  • Offer range: Estimate a maximum offer based on the costs and returns you have in mind.

Business Consulting

Get guidance on how to run the business side of your real estate operation more effectively. I help owners improve their systems, decision-making, and day-to-day operations so the business scales with less chaos.

  • Operating systems: Build a clearer workflow for acquisition, rehab, and project management.
  • Business planning: Review your goals, bottlenecks, and next steps for sustainable growth.
  • Leadership support: Work through the operational decisions that affect profit, productivity, and long-term stability.

Frequently Asked Questions

Are you a home inspector or real estate agent?

Neither. I work as an independent third-party consultant focused on property evaluations and underwriting for investors. My role is to help you assess the deal, the risks, and the numbers without trying to sell you a property.

What makes your opinion different?

I provide an objective, practical opinion based on what the property is actually worth, what it may need, and how it fits your investment goals. I have no stake in the deal, unlike an agent or other advisor who may be paid only if a transaction closes. That lets me focus on the facts and give you honest feedback rather than a sales pitch.

Can you work with me if I'm out of town?

Yes. I can be your boots on the ground in Indianapolis, visit the property, share photos or video, check rehab progress, and give you a clear take on the area and the opportunity.

Can you look at a property before I make an offer?

Yes, depending on access and timing. Send the address, your deal assumptions, and your deadline, and we can evaluate whether the opportunity fits your investment goals.

What do you need to review a deal?

Start with the address, asking price, and what you hope to do with the property. Listing details, repair estimates, rent figures, financing assumptions, and any neighborhood or comparable sales information are helpful too.

Can you help after I buy?

Yes. I can help validate the rehab plan, review bids, and check progress at agreed milestones so the project stays aligned with the original investment plan.

What does it cost?

Property walk-throughs, evaluations, and deal reviews are available for a flat fee. Ongoing consulting is also available for active projects. Get in touch for current pricing.

Can you guarantee a deal will make money?

No. I can help check the numbers, identify risk, and explain the underwriting assumptions, but costs, timelines, and market conditions can change.

Testimonials

Steve Lehman with Lehman Real Estate Consulting has been great to work with over the years. We've worked together on multiple projects throughout our flipping business, and he has always been knowledgeable, reliable, and easy to work with.

My team and I have been working with Steve in many different ways (including consulting) since I think 2012. He has been a valuable asset ever since. If you want honesty and a straight forward approach he is highly recommended. 5 stars.

I always have an excellent experience working with Steve! He is extremely knowledgeable and straightforward in his approach. I highly recommend him.

I highly recommend Steve for help with anything related to real estate. He has been an invaluable resource through multiple real estate ventures.

We have had a great experience working with Steve at Lehman Real Estate Consulting. He really knows the market, communicates well, and made our due diligence process that much more informed.

Steve helped me out with a property issue and I really appreciate it. He went out to check on the place, gave me a clear update, and told me exactly what steps I should take next. Super easy to talk to and very straightforward.

Get in Touch

Looking at a property in Indianapolis or working through a rehab? Tell me a little about it and what kind of help you need, or call 317-526-8277.