All Forum Posts by: Caleb Brown

 I can't read lol. 50K is a good start. I would leave 10K for anything that comes up after the fact. 40K would be 120-160K range on a SF. Not going to be anything crazy but will get you in the door. There are plenty of markets so that is up to you. Is there any markets within a few hours that interest you? Starting out you want to establish a team and visit wherever you go to invest. Outside of something within a few hours of you midwest is very common - Kansas, Missouri, Ohio. There is also the sun belt markets. 

This flip makes a cool story to tell with the history and you falling lol. Is it registered as a historic home?

30K is not enough to start OOS. I would save up a little more. 30K would be a 20K ish DP which would be 80-100K. That won't get you super far and property would not be in a ideal area. There are plenty of markets, a lot of people choose the Midwest. Which ever market you choose build a team and spend time connecting, networking. If you can start local or close whether it's a house hack or being creative I would first

Happy to connect if you look in KC. Topeka is a good city but I know KC is larger with more deals

Old saying is "comparison is the thief of joy". Everywhere has seen huge jumps, sure areas like FL, AZ, UT, etc saw a large spike but you invested 15 years ago in Chicago. It's a huge city, a lot of growth seen in that time. Well done, keep investing in what you know. If you are curious on the market I would guess you have the ability to test the waters 

You are on the right track. Keep it up! Do you plan to further develop the agent side and turn that into a full time thing?

I would probably sell in your shoes. If you like stocks and don't have a lot of interest in building a portfolio in MN there's no point in keeping. You can't go wrong with holding the property but again not ideal in your scenario

Super cool! Love the style/look

1) As an agent put 3 more under contract this month for going into 2025

2) Cut internet and car insurance bill down

3) Start prepping for tax time, organize expenses yay lol

I would avoid. If the seller is trying to avoid legal issues with the city for illegally operating a property I would get out of that. Find another place to rent and continue saving