All Forum Posts by: Tim Shanahan

Thanks for your reply, Michael! We are trying to drive cash flow to be reinvested to build our portfolio over time. Envisioning 3 to 400 in profit per month. Of course realized appreciation would be great, but our goal in the short term is to pump the profit back into the business to continue building. I guess a shorter question now would be, "at what price point should we be shooting to come into the market for a buy and hold?"

Thanks again, Michael 

Hello, all!

My business partner and I are working on getting our first deal, which has proven difficult. Our goal is to get a 2 - 4 unit property, with minimal rehab needed, already rented units (ideally), for around $50k. Is this realistic? We have the 20% cash, but now we are jumping over the financing hurdles. Is it reasonable to expect this to be a profitable endeavor, with minimal headaches as far as tenants paying on time, maintenance, etc. The properties we are looking at are in northwestern Illinois, eastern Iowa (Quad Cities). Is this a better price range for a flip scenario, rather than a buy and hold? Any insight you all may be able to provide will be greatly appreciated.