All Forum Posts by: Michael Pease

@Anthony Dadlani @Chris Jensen To build on Anthony's #2 - FLEXIBILITY is key for me. We have a lot of small community type banks here and finding a lender who is willing to put a creative deal together is a great asset! I have several here in the area if you are looking for names and companies!

@Account Closed you may have been at Steventon's, it's actually in LeClaire but it's up on the hill overlooking the river. Not sure how long it's been there for as I've only been in the Quad Cities for 8 years or so.

@Chris Jensen there is definitely some money to be made still in the flipping market. If you have a $100k in a HELOC you have what you need to get started. You should explore the BRRRR method for sure as most lenders in this area are VERY familiar and for that. I just helped another couple with a flip that they actually are going to rent now instead but they used a line of credit and paid for the house and all renovations with cash and are now refinancing it out into a term loan. That is very common here and most banks and bankers will support that method if the appraisal gives them plenty of room on an LTV standpoint.

Just curious what type of MF are you looking for? $160k for a downpayment seems like plenty to get you into a pretty nice MF complext to start out with. 

I have a realtor who can help you out for sure. Send me a message with an email or phone number and I'll get you guys connected. If you are looking for someone to manage it since you are out of town we manage nearly 200 units in the Quad Cities and have been investing here since 2009. Happy to help out any way we can! 

Welcome to the site. I'm also in Bettendorf and run an accounting firm that specializes in Real Estate consulting and compliance and also a property management company that specializes in single family and small multi-family properties. I'd be happy to meet with you and see how we can both further our goals!

I know a lot of realtor's all with different specialties so let me know more of what type of property you're looking for and I can give you some suggestions as well. I also have an extensive list of clients/investors who are always too busy to handle all the deals they find and would love to connect you with them.

I see. The best areas of the Quad Cities would be downtown Davenport or Bettendorf based on the demand that we see. Downtown Davenport is a very competitive market and the areas around downtown are still not extrememly desirable. We get a lot of requests to live in Bettendorf and people understand rents are higher there but from an investor stand point the best returns are often on the IL side of the river and near colleges. The properties may not be as nice but the cash flows are better. I've been investing, and managing myself since 2009 in the area and just recently began managing for others. I'd be happy to help you locate property or connect you with others I assist in management who may be looking to sell property or even connect you with an agent depending on the route to market you're going for.

Good evening Greg! I own and operate a small management company in the Quad Cities, A2Z Real Estate Management. We are a new and growing company. What type of properties do you have and what volume? We may be able to accomodate your needs depending on the size of your portfolio and if I'm not able to assist I would be happy to help find someone who fit your needs in the area. Feel free to message me for more info. Thanks!

I will most likely be playing softball until 8 but I will swing by afterwords if people will still be there? Let me know please!! Thanks!

Deb Weber, my operations manager, and myself will be joining. Thanks @Meghan McCallum