What can I do in Minneapolis/St.Paul with $120k?
After a highly successful rehab that began back in 2012, I now have $120k worth of profit to invest in my next real estate deal. It's been a great journey, but my wife and I are ready for the next deal.
The only problem?
It feels like a lot of the low-end rehab deals have dried up. I've not given much attention to the MLS because it's feeding frenzy. I've also seen other marketing attempts reduce in overall effectiveness.
At this stage in the game, I'm trying to determine the best strategy going forward. Now that I have something in liquid assets I can avoid the "no money down" creative deals (thank God).
We would like to do another rehab. Ideally, we could purchase and fund the repairs with the $120k, then flip shortly after that for a quick profit...even $10k profit would suffice. Something repeatable and scalable.
Any ideas?