All Forum Posts by: Aja Devaney

@Eric M. Thank you for your questions. With me being new to this, I can’t give you the answers that you’re looking for. They will however push me in the right direction so I can figure out ways around the obstacles that you presented.

Thank you @Crystal Smith

@Crystal Smith I appreciate your input. I’m transparent with my ignorance. I’m on here to learn and connect. Look up the Tulsa Real Estate Fund and Buy Back The Block with Chris Senegal to expand your knowledge as well.

@Eric M. With the unemployment rate being so high, a lot of people are deferring their mortgage payments. Some without knowing that when their deferment period has ended, they will now owe multiple months upfront. I predict that the 4th quarter of this year is when we’ll see the foreclosure rate increase-which will be a great time for investors to buy in.

As far as numbers go, I want to use crowdfunding for this project, which is one of the reasons why I’m on this app. I want to purchase vacant commercial properties to supply more jobs eventually. I want to create a program for non violent offenders that were recently incarcerated so they can use their trades/skills to physically help rebuild their neighborhoods. In doing that, the people that have moved out of the neighborhoods they grew up in would be able to move back due to the growth and appreciation of the neighborhood. We would be able to modestly raise rents if needed without having to push people out.

This is an idea that I believe could be executed if done correctly. We need to rewrite the definition of gentrification.

@Chris Herrera Thank you Chris! I want to get started right away, so I appreciate your advice. I’ll be sure to reach out to you if I have any questions.

@Alex Morales Sounds good Alex. Let’s connect and make this happen!

@Tom Kaz I’m not sure. I know North Maywood is where the developments are starting but I’m sure the entire city will eventually be revived.

@Tom Kaz Stay away as far as purchasing?

@Eudith Vacio that’s what I’m thinking too. I believe in the 4th quarter of this year is when we’ll see the market fluctuate. I know there’s a new development near the South Loop called The 78 that’ll be completed by next year and I was thinking the Pilsen neighborhood could appreciate because of that. I was also looking at Maywood, near the west side. Are you in the Chicagoland area?

@Samuel Pavlovcik I was interested in Maywood or Pilsen. There’s a new development called The 78th that’s right in the South Loop and Chinatown so all the surrounding neighborhoods will appreciate and Pilsen will be one of them.

I have family in Maywood and it’s in a great location. Right in between the city and the west suburbs. I’ve read a lot of articles how that’ll grow in future too.