All Forum Posts by: Alan Dunlap

@Jason Mccrudden

Just curious - can you elaborate on some of the difficulties as foreign investor?

Thanks

@Jason Mccrudden

Cheers. Good luck on your real estate journey

@Nathan Hann

Good luck with that first deal

@Steve Barounis

Check NARPM

Ask if PM also has investment properties. Ideally You want someone who can view properties like an investor and not someone who’s just doing their job.

@Alan Dunlap

Not saying John doesn’t have valid concerns, but not everyone is comfortable investing out of state, especially while they’re beginning.

More people telling you not to invest here can help scare off some competition. Plus those in a hurry to move down south have to sell their house to someone right?

My two cents

@Kashif Khan

Out of curiosity, have you looked at properties in Bolingbrook or nearby to get any ideas on if you can nearby , or have to invest inside the city?

@Terry Dunlap

Terry I don’t have many but my rentals are in the Midwest (Illinois, Indiana).

In a perfect world = have positive Cashflow while you wait for appreciation. If this area is what you described, appreciation maybe a long time coming. So you have to run the numbers (hmmm if I only new a website that has a rental calculator) and see if you can come out ahead.

Also look what @Joe Villenueve said. You can buy cash on a couple or spread your money over many more properties increasing your Cashflow and getting greater return on your money. If you have debt concerns you can use some Cashflow to startin paying off the mortgages. You can leave yourself with multiple options which I think we all want.

@Anthony Dooley

Or maybe Outlaw by WAR...

Something smells when you scream to everyone your innocence but decide the only way to fight for your name is via a one way ticket to a cozy place with little chance of extradition.

@Rodney Brown

Congrats. If Cashflow numbers work out that could be an ideal cash on cash return on single family house

@Byron Scott

No one owned property. Not even a car. Now a triplex. Man that resonates.

Can you give us some information on the property? Is it already rented out or do you need to fix it up? Are you intending to live in one unit or rent out the whole thing?

Thanks