All Forum Posts by: Alleia James

@Jason Marcordes Oh my gosh - can you explain your last sentence? The eviction process in Chicago will cost 1-2 years of profit?

Warmly,

AJ

@Samuel Pavlovcik Hi Samuel!

What other neighborhoods do you recommend in Cook County? I was thinking about Bronzeville, but I've mixed opinions. Can you tell me where you look to find deals? I am searching for a 4 unit multifamily building.

Warmly,

AJ

@Michael J Scanlon Hi Michael!

What do you think about the south suburbs? Ex: Oak lawn, Chicago Ridge, etc. I am searching for a multifamily building (4 unit), but I need help finding good deals.

Warmly,

AJ

@Terry Louwerse Hi Terry!

WOW - $110k saved is amazing. Tell me your tips for achieving such a sizeable down payment? High paying job? Living below your means?

Warmly,

AJ

@Brie Schmidt Hi Brie,

I saw your previous comment regarding the average home prices up north and near downtown. What about the southside? Areas like Oak lawn, Chicago Ridge, Evergreen Park, Hickory Hills, etc. How much of a down payment should I save? How much should I save in cash reserves?

Warmly,

AJ

@Tom Shallcross Hi Tom!

I am also new to real estate. Thank you for tagging those two individuals and including the link to join their organization. Are they hosting virtual meetings?

@Chace Fraser Hi Chace!

Can you send me a copy of your business plan? Do you recommend I ask my parents to cosign for me?

Warmly,

AJ

@Michael Fitts Hi Michael!

When you completed the final walkthrough, were you with the seller's agent? What did you look for to make sure the building was habitable? How did you negotiate for the seller to pay for last minute fixtures?

What type of insurance do you recommend for multifamily units instead of homeowner's insurance?

Warmly,

AJ

@Jake Fugman Hi Jake!

I plan on purchasing my first multifamily in 2021. Can you tell me where you are looking to find multifamily units for under $400k in the neighborhoods you mentioned? I've been looking on Redfin and Zillow and they are well above $500,000. 

Warmly,

AJ

@Justin Sellers Hi Justin!

I am new to real estate investing. How did you analyze MF deals so fast? My plan is to house hack a multifamily unit in 2021. Can you share your technique?

Warmly,

AJ