All Forum Posts by: Jared Sveen

Hey everyone, 

Hopefully this makes sense but I'm analyzing deals and have a basic question that seems simple enough but I wanted to get others take on it.  

I've found some turn key rentals that could cash flow in my area but my initial cash out lay would be in the 20K to 25 range and there isn't much I could do the them to increase their values without putting them over market price for the area. Where as if I find a fixer upper property for the BRRRR Strategy my initial cash out lay would be roughly the same but I have the option of refinancing with the increased equity from the rehab. So my question is, what is your opinion, pros, cons of each of these?

If a property can cash flow do I go for it, or do I wait and find something that I can increase the value of so to leverage it for the next one?

Thanks,
Jared

Thanks @Daniel Hyman it's definitely a grind but a definitely a worthwhile grind!

Thanks @Josh Nix, I'm going to try and make it to the meeting at Grata!  I appreciate the response and hope to meet you in person soon.

Hi everyone,

Long time reader/lurker first time poster.  

I'm a new(er) Real Estate Investor in Lincoln, NE looking primarily for buy and hold properties.  I have a little bit of experience with a single rental property I held for three years and recently sold in May of this year because the Market was prime for selling but I have the bug again and am looking to dive back into the Real Estate world.

I've been listening to a lot of the bigger pockets podcasts and am ready to put my inaction aside and go for my goals to provide for a more secure future for me and my family.  I put together a plan for my actions and set my ambitious, yet feasible, goals that I feel that I can obtain in the next five years if I stick to my plan. 

I'm interested in meeting other investors in the Lincoln, NE and discussing the local market and any opportunities that I can bring to the table.  My target for the next five years is to acquire two properties per year that cash flow. 

Currently, I work full time for a local software company so my investing will be done in my spare time and I will be looking for local property management companies for assistance with managing the properties (any referrals would be appreciated :) ) as I keep pretty busy with two young children.

Anyways, I look forward to being more active in the forums and finding more information/education from being more involved with bigger pockets.  

Take care,

Jared