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Updated about 9 years ago,

Jovim Ventura's profile image
Jovim Ventura's profile image
Jovim Ventura
  • from Chicago, Illinois
  • Member since Sep 12, 2014
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Jovim Ventura's profile image
Jovim Ventura's profile image
Jovim Ventura
  • from Chicago, Illinois
  • Member since Sep 12, 2014
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Jovim Ventura
  • Chicago, IL
1
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Real Estate Deal Analysis & Advice

Flip or Turnkey in Chicago?

Jovim Ventura
  • Chicago, IL
Posted

Hi,

$50k, what would you do as a first time REI? Should I start building capital through flipping & learn the innerworkings or buy something ready to cashflow?

1) Buy wholesale. Find a loan. Find a team of contractors to rehab. Find an agent to sell it.

2) Buy Turnkey. 2 Flat in Chicago. 15%-20% cash on cash.

Trying to put together a team to figure out both.

Thoughts? Any help would be greatly appreciated!

Jovim

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