A project like that will probably take 6 months to 1 year, so what's your expectation for future rents?

I told everyone about it for three months, then one day, an agent came to me with exactly what I was looking for and it was one of my best investments.Spend some time learning to manage well.

Purchased for $139,999 using a mix of cash and hard money, we revamped it with modern updates, including a new kitchen, flooring, and fresh paint.The property rented for three years, generating steady cash flow of $450/month.

Over the past few months, I’ve been diving into Brandon Turner’s books and bingeing Dave’s BiggerPockets podcast whenever I have the chance.

During the entirety of 2021, I hosted monthly meetups in Fairview Heights, IL (just outsde of Belleville) that brought in real estate investors from the metro east.

$400k equity is producing $1600/month cash flow for a return from the cash flow of 4.8%.  

Heck, you could possibly JV with one of em during those early months/years of getting going to best mitigate the unknown mistakes, experience leveraging. 

We host a Real Estate meetup monthly!

Purchased for $69,000, I tackled everything from a new roof to interior updates, transforming it into a move-in-ready home.After months of surprises (and a few headaches), I sold the property for $145,000.

A $40k loan at 5 years @ 8% would give you a monthly payment of $811.06.