All Forum Posts by: Shaylynn O'Leary

Thank you for your help and insight. Much appreciated!

I'm an OOS investor looking to deploy my capital in Indianapolis and surrounding areas. I'm looking for properties that I can combine STR/MTR but they also must cashflow (at least a little) at a LTR. Also looking at LTR for surrounding areas specifically.

Looking for any and all insight from anyone who has experience in this market. Thank you for your time!

That is very true! I think starting out SF and then moving to small MF. My target purchase price is ideally under $150k as my long term goal is to pay them off as quickly as possible. I would like them to cash flow at least $150 a month just so the property sustains itself. The cash flow will be reinvested into the property in some capacity. I'm not looking to replace my w2 income with it.  I'm mostly interested in the long term gratification when the properties are owned free and clear. Since it will be out of state, I'm looking for mostly turn key or just cosmetic fixers. 

@Jaycee Greene no connections except for connecting with one realtor in St. Louis this last spring. 

Hello, I' m a newer investor in the process of getting my first property under contract near where I currently live. I live in a good, appreciating market where the average home price is above $700,000. Not a great cash flowing market. The state that I live in is also not landlord friendly.  My plan is to have a small but mighty real estate portfolio, much like Chad Carson's book. I want to use the profits from flipping in my home market to obtain and pay off properties in a better cash flowing, landlord friendly market. Initially, the properties that I buy in another market don't have to cash flow a lot, my metric is $150, as I'm focused on the long term gain when they're paid off  and I have a W2 and am also a realtor. I'm not looking to leave my W2 tomorrow.  However, my hold up is what market to look at that will help me meet my goals. I have looked into these markets: St. Louis, MO, Indianapolis IN, Columbus OH, Cincinnati OH, and Columbia SC. Does anyone have any advice on which direction to go? Thank you!

I am currently looking at my first investment property. The property needs to be rehabbed. Initially we thought we would flip, but now we're thinking of holding and using the equity for future investments. What formula or criteria do you use to decide whether to flip or to hold? I'm interested in hearing different perspectives. Thank you

 Thank you, Jaycee! I would appreciate any help!

Thank you for your response! 
Yes, the property will cashflow! We are leaning towards holding it and doing a refi to deploy capital on future projects. My long term goal is to have the "smally but mighty" portfolio and pay off properties as quickly as possible. I have a W2, so the extra rental income would be reinvetsed into the property. Thanks for your response!

 No, as I said this is my first investment. Do you have any adivce to share?