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Updated over 4 years ago on . Most recent reply

User Stats

44
Posts
25
Votes
Josh Rodriguez
  • New to Real Estate
  • San Francisco, CA
25
Votes |
44
Posts

Is the Molina, IL market good or bad for newbies?

Josh Rodriguez
  • New to Real Estate
  • San Francisco, CA
Posted

Hey BP, any thoughts on the Molina, IL market? If there are any experienced investors in this market, would you consider this area a good starting point for beginners? My goals in detail for my first deal is below:

-Single family

-Producing at least $100 in cashflow

-Looking for B class property in C class neighborhood (Not looking to do too many renovations)

-Stable area with stable tenants

-This is an OOS property so an area with great and reliable PMs/Agents/Contractors

-Conventional Financing for 30yrs

Not sure if the Molina, IL area meets my criteria. I live in California so any help would be appreciated! Thank you BP community

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