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All Forum Posts by: Theresa Reynolds

Theresa Reynolds has started 19 posts and replied 43 times.

Post: First Deal - Afraid to make a move!

Theresa ReynoldsPosted
  • Real Estate Agent
  • Helena MT
  • Posts 44
  • Votes 7

Thanks for this helpful thought. The problem is that I live in a very rural area (less than 300 people) and there are literally no multi-family homes. There are less than 3 properties for sale and they are all lacking potential. 

I have house-hacked in the past with my first home and it was nice to have this extra income. I guess this would make it my second deal, but when we bought the first house I didn't realize I was house-hacking. I knew it would be a way to earn profit but I didn't even think in terms of real estate investing. With hindsight, I should have never sold it, but I didn't know much about investment strategies at that point. I would definitely house hack again, however, because of where I live I don't see it happening. 

Post: First Deal - Afraid to make a move!

Theresa ReynoldsPosted
  • Real Estate Agent
  • Helena MT
  • Posts 44
  • Votes 7

Hi everyone! I am a newbie in Montana and wanted to see if anyone on here is familiar with the real estate market Montana, who is willing to share their experience and teach me some cool stuff :) 

Currently shopping around for rentals in Helena/Great Falls/ small town Montana, preferably Helena but would also be open to partner up with someone more experienced on a flip or two to increase my budget.

I am particularly struggling with just making a move! I spend all my waking hours on zillow and see potential listings but can't get myself to move forward. I've been doing my homework and studying up on rental investments, but I am afraid of taking risks and don't want to mess up. I am also currently looking to buy a house for myself as I am living in a crappy rental, and want to be able to to that as well. I am a first year teacher, so don't have a lot of income but I have about 40-50k from selling my old house to play with, without jeopardizing my personal savings. Can I buy two properties with that? Ideally I would like to find propertied with a cashflow of 200-300$/month. Am I aiming too high? 

I would love to hear your "first deal" stories and would appreciate any input or mentoring!

Post: Connections in Montana

Theresa ReynoldsPosted
  • Real Estate Agent
  • Helena MT
  • Posts 44
  • Votes 7

Well hi everyone!

I am a newbie looking to buy my first property in SW Montana. Interested in rental and flips. I am looking to build some connections with people around here to have a successful start!