All Forum Posts by: Adam Juodis

Hey guys, not exactly sure of this is the right part of the forums to post this. I'm planning to re-do my kitchen. I am looking for mid range pricepoint wood kitchen cabinets and granite counter tops. I was wondering which warehouse/fitter has the best deals/value in the Chicago region. 

Also, for distressed properties, where is a good place to shop for cabinets/counter tops that are nice looking but cheaper in quality.

Thanks for your time!

Hey BP. I signed up for Brandon turners webinar a few days ago, for this day at 7pm Central time. I got the text notification 50 mins prior. I click on the text link 20 mins prior- I am prompted the webinar has already ended. Okay, probably just a glitch prompt before it actually begins. It gets to 7 o'clock and I'm still receiving the same prompt. Do you guys know what's up? Do I need to access this webinar though BP? If so, I couldn't find anything on the site regarding the webinar. I was really looking forward to it :(

Holy cow this thread blew up! I woke up expecting to see 1 or 2 responses, instead I see 2 full pages of responses.

Thank you for all the different advice. Guys, this was more of a theoretical question. I have not bought any properties, but when I do, I'll certainly look for aspects of a property that will bring in positive cash flow as well as the ability to appreciate over time.

The question was more of a self-reassurance that real estate is pretty rewarding compared to the risks required. Even if you buy a property that gives you no cash flow, or slightly negative, you might have to pay a little, but still- a tenant is paying the majority of your mortgage, and eventually the property that is much more value than you put into it is yours. Hopefully this clarifies what I was trying to get out of this post. Some of you definitely helped me answer certain aspects of it. Thanks!

Hey guys, I'm a super noob( I literally got into this 2 days ago, but I've spent all my free time doing research). So I'm gonna pose my question through this example:

Say I buy a 100k property with 20k down. I find a tenant to occupy my property, but due to certain circumstances the amount I can rent for does not exceed mortgage and other expenses. Let's say my cash flow after cole ting rent and paying fees is -$75 per month. 

Even though I'm losing $75 per month on average, eventually, the tenant will pay off my property(10yrs?), and then my property will most likely, after appreciation, be > $100k. Even if it stayed around buying cost, I now have a paid off house that I can continue to rent mortgage free, or sell.

I guess what I am tying to get across is that real estate is a ssuper solid investment that is low risk, even if you are receiving cash flow. Sure, investors desire positive cash flow, but even if you have to pay a bit out of pocket each month, in the long run you still have an asset that is valued much more than you put in to it.

Please scrutinize my thoughts. Am I thinking right about this? Any advice would be greatly accepted. Thanks!

@dennis Boboc 

Thanks for the response! I also really appreciate your offer of help. I've already been reading away at the ultimate guide on BP. I'm gonna throw a personal question at you. At the end of this year I will have around 40k+ saved up. The only negative cash flow I have is a car payment (14k left at 0.9% interest). Using your knowledge in real estate, what would you do? Should I just pay off my car loan, or finance it at the very low interest rate I currently pay? should I try to buy a property putting down 25-30% payment, or should I try to aim for a property where I can pay off around half right off the bat? 

I am also wondering this. I have been out of college, a little under a year with a full time engineering job and paid off loans. I'm still planning to live with my parents for another year or so, and I wanted to use my savings to buy a property for rental. 

Hello BP! I just created my profile and I wanted to say hello. I live in the Chicago suburbs. I'm 22 years old, recently graduated with an electrical engineering degree, and I have been working for almost a year now at an electrical control systems company. All my student loans are paid off and I'm ready to start putting my savings to work(Real Estate). 

My goal is to work my full time job, but steadily increase my real estate portfolio. I want to start out with a small property and slowly accumulate more properties using the cash flow earned from renting. Eventually, I want to have enough properties that accumulate enough cash flow so I don't have to work an office job! (Yuck)

I would like to get started at the end of this year. I currently have 9000 saved up. By the end of the year I project to have around 40+k saved. That being said, what do you readers suggest the best plan of action for me? My loans are paid off, and the only negative cash flow I have is a car loan of 14k at a 0.9% interest. I appreciate your help and feeback, thank you!!