All Forum Posts by: Aaron Vaughn

that's a fantastic first option RJ! Make sure you get involved with a property that truly cash flows for you. A lot of properties are just too expensive to properly cash flow so you end up  with tenants  but can barely cover the debt service of the property. With the rents choose wisely! 

Hey Tushnar!  If you are looking for rentals in true cash flow those areas are gentrified pricey and costly. Your properties will not properly cash flow a great areas to live in but not cash flow 

hi Cee!  Evergreen Park is generally not considered a rental area largely because of higher property values and costs. also there is very limited inventory.properties won't sufficiently cash flow there.please contact me for further information on decent areas of cap Rates 

we provide the very same information even resources and contacts for free when we conduct our Chicago Action Investors meetings every week.

Sounds Awsome Alfred! Count me in!

Thx Ray and Adina! We've been telling investors for a while now about the good things happening in Englewood with Whole Foods, Starbucks, Chipotle , and others setting up shop there. Also properties , especially multi family have been selling if rehabbed right and you don't buy into the stereotypes and negative press. Chicagoactioninvestors currently has 4 ongoing flips in the area.

A huge congrats goes out to Al and Heidi Wang on their very first flip! a few months ago I connected with Al on BP. He and his wife had for some time been interested in a flip. After attending a meeting with my group Chicago Action investors they decided to take ACTION!

They purchased a Greystone two unit in Englewood at 6537 South Green St. for 54k using no money down lines of credit . the building was in need of a vigorous rehab. All of the Plumbing lines were busted and needed to be replaced, tuckpointing was needed, an entire interior repaint was needed as well. Some updating in the kitchen sink and baths included new granite countertops and Custom vanities and Cabinets. The garage needed repair as well. They decided to add central air units which were placed on the roof. They also replaced all light fixtures and ceiling fans switches outlets and covers. New carpeting was added. There was a laundry list of Minor tasks that needed tending to. The building contained three separate apartments. All three had individual heat and 3 bedrooms 1 bath each. All told there was 80k in improvements. For those not in the know, Englewood has become a hot area to invest in. With Kennedy King College buying land and expanding as well as BNSF Railroad, a 50 million dollar infusion from state and city funds, along with anchor stores Whole Foods, Starbucks, and Chipotle, Al and Heidi were able to secure a buyer at full list price 215k even before they had completed the rehab! Now that the Thanksgiving holiday is coming to a close, they will be preparing for their second flip! Way to go guys! So glad we could help!

Hey Melody! Thx for reccomendation! Connect vua collegue request pls thx!

Melody,  we have been using no money down lines of credit funding instead of hard money to do deals. If you have a decent credit score you can do it too!

https://www.biggerpockets.com/forums/664/topics/310786-chicago-action-investors-5-7-16?page=1#p2010464

https://www.biggerpockets.com/forums/664/topics/305735-chicago-action-investors-4-30-2016?page=1#p1989237

https://www.biggerpockets.com/forums/664/topics/304670-chicago-action-investors-rendezvous?page=1#p1973988

Hi Lenny ! Welcome to the BP community! Congrats on taking action and working towards your financial independence! Recently I've headed a group of newbie Chicago BP   investors that go out every Saturday to view properties and make offers using no money down lines of credit. I have documented our experiences in the investor deal Diaries forum under the name project BP. We have a lot of fun learning about properties and taking action! Please check out the links below and leave a contact number if interested. 

 https://www.biggerpockets.com/forums/522/topics/27...

https://www.biggerpockets.com/forums/522/topics/27...

https://www.biggerpockets.com/forums/522/topics/27...

https://www.biggerpockets.com/forums/522/topics/28...

https://www.biggerpockets.com/forums/664/topics/29...

https://www.biggerpockets.com/forums/664/topics/29...

https://www.biggerpockets.com/forums/664/topics/304670-chicago-action-investors-rendezvous?page=1#p1973988

https://www.biggerpockets.com/forums/664/topics/310786-chicago-action-investors-5-7-16?page=1#p2010464

https://www.biggerpockets.com/forums/664/topics/305735-chicago-action-investors-4-30-2016?page=1#p1989237