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All Forum Posts by: Alejandro Arreola

Alejandro Arreola has started 10 posts and replied 35 times.

Post: CRE bound, seeking insights for success.

Alejandro ArreolaPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 38
  • Votes 2

@Bruce Lynn thanks for the advice I’m definitely looking to my license. Helps steer the way. Appreciate it!

Post: CRE bound, seeking insights for success.

Alejandro ArreolaPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 38
  • Votes 2

Greetings,

I am (32) and extremely eager to transition into the corporate realm of Real Estate. With seven years post-graduation, I have accumulated eight years of experience in the restaurant industry and am currently working as a teacher assistant. Simultaneously, I have successfully developed and managed a portfolio of rental properties in the Chicago area over the past eight years, valued at approximately half a million.

I am seeking advice on how to strategically leverage my skills and resources to make a breakthrough into Commercial Real Estate (CRE). Additionally, I'm contemplating enrolling in programs such as Break into CRE, A.CRE accelerator, or REFM certificates. Any insights on these programs would be greatly appreciated. I'm also open to book recommendations and considering further education, possibly pursuing a master's degree through night classes.

I value any thoughts and recommendations you may have. Real Estate is my passion, and I am excited about transitioning into a fulfilling career after the last three years of working solely for a paycheck.

Appreciate your input.

Post: David Greene Team Intern

Alejandro ArreolaPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 38
  • Votes 2

@David Greene

I hope this message finds you in great spirits. Today, I bring forth an exceptional opportunity tailored specifically for the astute real estate investors among us, particularly those familiar with the vibrant West Town area of Chicago.

Recently, a rather unfortunate event occurred in my neighborhood: my next-door neighbor, a beloved resident, passed away. In the wake of this loss, his son has approached me with an offer to sell his father's cherished house. Intrigued, I expressed my deep interest in purchasing the property, but alas, it exceeds my current financial capacity.

Allow me to present to you this enticing prospect—a remarkable two-flat home in need of substantial renovation. For those of you seasoned investors with ample resources at your disposal, this should pose no obstacle whatsoever. I humbly propose a modest request: a mere 10% of the final sale price, as a token of gratitude for bringing this exclusive opportunity to your attention.

I must emphasize that I am not a wholesaler or a real estate agent. Rather, I am a long-standing member of this community, having resided here for three decades. It is through this deep-rooted connection that this remarkable opportunity has come to light, and I am eager to share further details with you. Please feel free to direct message me, and I will gladly provide you with more comprehensive information.

In closing, let me express my sincerest gratitude for your time and consideration. I firmly believe that together, we can unlock the full potential of this extraordinary property, and in doing so, reap the rewards that await us in the bustling heart of West Town.

Post: Flix term fix mortgage ?

Alejandro ArreolaPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 38
  • Votes 2

@Matthew Crivelli thank you so much. I was just worried that it was similar to a adjustable rate loan. Which I wasn’t looking for that. 

Post: Flix term fix mortgage ?

Alejandro ArreolaPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 38
  • Votes 2

Do anyone know what’s a Flex term 30 years fixed-rate mortgage? I’ve been trying to refinance my house to take out cash out. And I only got approved for a flex term 30 year fixed rate mortgage. I’ve been trying to do some reading/research on that loan but no luck. 

Post: Bought my first cash property

Alejandro ArreolaPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 38
  • Votes 2

@Will Fraser

Thank you for your recommendation. I was thinking hard money lender’s too but isn’t their interest rates higher than typical? 

Post: Bought my first cash property

Alejandro ArreolaPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 38
  • Votes 2

Hello BPF l!

I need some help with a strategy with my first cash real estate property. I Purchased the property two weeks ago I paid fully cash for it. The property needs 50k in repairs I am not friendly with the banks currently. I’m currently struggling to find a creative way to inquire $50k for the repairs? Any creative suggestions to fund this project? 

Post: I’m looking for lawyers.

Alejandro ArreolaPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 38
  • Votes 2

@Steve Morris thanks your recommendation.

Post: I’m looking for lawyers.

Alejandro ArreolaPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 38
  • Votes 2

Hey BiggerPockets family I’m reaching out to the Chicagoland lawyers to see if they can help me file my first evection. Any recommendations for lawyers in the Chicagoland?

Post: Is Dave Ramsey correct? Anyone still around after 10 years?

Alejandro ArreolaPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 38
  • Votes 2

@Arsen Atanasovski vey motivational speech! Definitely helped to get the daily drive in me.