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All Forum Posts by: Tyler Beers

Tyler Beers has started 1 posts and replied 6 times.

Post: In Search of First Deal

Tyler BeersPosted
  • Investor
  • Platteville, WI
  • Posts 6
  • Votes 0

@Chris Heeren I think I did miss understand what he was suggesting but I'm starting to see how I could use that strategy for my needs I'll have to change it around a bit to make sure it fits and ill have to do a bit more research on the different types of loans and when to apply them. Just wondering, do you have a example of a previous deal you did I could take a look at? Seeing the numbers really makes it click for me for some reason. 

Post: In Search of First Deal

Tyler BeersPosted
  • Investor
  • Platteville, WI
  • Posts 6
  • Votes 0

@Jonathan Safa That strategy is definitely well thought out but I was looking at more of a buy and hold strategy being that we are just starting out and I thought financially it would be easier to get funding. Do you think that I should be focused on a flipping strategy rather than buy and hold?

Post: In Search of First Deal

Tyler BeersPosted
  • Investor
  • Platteville, WI
  • Posts 6
  • Votes 0

@John Kunick, I was thinking the same thing in terms of cash flow that as long as it is flowing the equity and appreciation are just a bonus, just wondering how did you find your SFH? I have looked a quite a few but the numbers typically don't add up to a good deal, I could just be doing something wrong or maybe its depends on the market.

Post: In Search of First Deal

Tyler BeersPosted
  • Investor
  • Platteville, WI
  • Posts 6
  • Votes 0

@Kody Fordyce I had heard that it is a good market however I haven't had a chance to look into it in depth. I'll check it out tonight.

Thanks for the tip 

Post: In Search of First Deal

Tyler BeersPosted
  • Investor
  • Platteville, WI
  • Posts 6
  • Votes 0

Hello @John Knisely, Thanks for the advice we have talked over what are goals for the partnership are but haven't put anything into writing quite yet, but I think that it is definitely something I should do to make sure we are all on the same page.

We are looking for a multi unit rental for our first property and would like to eventually move into some of the larger 10+ unit complexes when we have the means.

Post: In Search of First Deal

Tyler BeersPosted
  • Investor
  • Platteville, WI
  • Posts 6
  • Votes 0

Hey guys, 

Myself and a few friends are looking at getting our first buy and hold rental property, the three of us are just out of college based in Wisconsin and we are pretty open to where we should buy our first property, so far we have looked at Chicago because it is so close but it seems like most good deals in Chicago are pretty obscure, that being said we could definitely use any advice we can get regarding where to look, how to secure funding, and how to create value in our first rental when we purchase it, pretty much any advice you can give to a aspiring investor would probably help us.