All Forum Posts by: Caleb Brown

Not a big deal. People either care or don't care, does not change resale. A mitigation system will take care of it if you wanted to remedy it.

I would save it for reserves or pay off any consumer debt. What kind of area is the 50K one in? I assume lower end so you would want cash set aside for repairs, evictions or vacancies. 

I don't find a per SQ FT to be accurate for single families. There are too many variables that can sway the rent. Comparing apples to apples is best or having a PM give you a range. 

Be super careful with them. Do your own comps and due diligence(as any other deal).They produce a lot of deals but I rarely see any that make sense. As other wholesalers there is no inspection period and EMD is non refundable.

There can be loan options for 15-20% but the rates might not be great. Do you still own the duplex you bought in October 2024? Do you live in one of those units? There are guidelines for owner occupant loans on how long you have to occupy. 

Do you have equity in the current properties that you can utilize to scale? Are the 2 properties currently cash flowing? I would be careful not to be too aggressive/risky with little kids and taking a pay cut. If income is your constraint that might be something to see if there's room to increase. There is creative ways but at the end of the day you'll still need money to do those deals and have reserves. 

Agreed. Some days MLS has a ton that popped up, others it's dry. Consistency is key

Need more info and #'s. What's the current rent? What do you owe? What would you do with the equity? Where is the property located in Chicago? Often selling vs keeping is a personal choice. If you have a lot of equity and you can 1031 to reinvest it's a good idea. Doing this can increase your cashflow and portfolio. Or if the property is not performing well you can switch out the asset. If the property is in a good area, appreciating that'd be worth keeping for longer.

Happy to connect and get you going for the KC area. It is very hit and miss

If you had the $$ I would go the flip route. If you don't have the $$ then I would wholesale.