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Updated 1 day ago, 12/27/2024

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9
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4
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New Investor in TROUBLE - Carrying costs since April 2024

Posted

Hey all, I am new to long-distance real estate investing and probably did everything wrong on my first investment property. 

I bought a 3 Bedroom SFH in Cahokia Heights, IL on April 2024 and it is STILL NOT RENTED TODAY.

I bought for $79k convinced by the Section 8 mentor Tom Cruz to buy from his team and to focus on cashflow vs. appreciation

I went through 3 contractors that all did a subpar job and just barely got it all together

I haven't been able to find an appropriate Property Management team to help on this side of IL

I have it listed for rent (Zillow, Turbotenant, Fb, Craigslist) for about 3-4 weeks now since repairs were done.

If anyone has any suggestions to get this rented ASAP I would greatly appreciate it and any Property Management connections that can help would be amazing as well.

Thank you all for your time and Happy Holidays & Happy New Year

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