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All Forum Posts by: Alleia James

Alleia James has started 0 posts and replied 60 times.

Post: Beginner Investor Moving to Chicago

Alleia JamesPosted
  • Accountant
  • Chicago, IL
  • Posts 62
  • Votes 23

@Reed Meyer Hi Reed!

I am a new user of BP as well. Are you a member of any meetup groups? I also want to purchase my first multifamily residence in 2021. Have you built your team? Let's connect!

Warmly,

AJ

Post: Hot Rental Areas in the North/NW Suburbs of Chicago

Alleia JamesPosted
  • Accountant
  • Chicago, IL
  • Posts 62
  • Votes 23

@Lumi Ispas Hi Lumi!

Yes, can you please send me your attorney's contact information? 

Post: Ready to Invest Multi- Family Apartments

Alleia JamesPosted
  • Accountant
  • Chicago, IL
  • Posts 62
  • Votes 23

@Evan Polaski Hi Evan!

I did some research on the local REIA and I've seen mixed reviews. Some users claim that it's a scam ran by Andrew Holmes? Other users claim that it's helpful, but similar to a typical sales pitch. How do you determine which REIA meetups are legitimate?

Warmly,

AJ

Post: Multi-unit or Commercial Rental first

Alleia JamesPosted
  • Accountant
  • Chicago, IL
  • Posts 62
  • Votes 23

@Jason Marcordes Hi Jason! 

Holy cow - you are awesome. Thank you so much for typing out such a detailed response. I'm going to send you a message and invitation to connect. I definitely want you to expand on each point. Yes, I save 85% of my income. I am on a journey towards achieving F.I.R.E!!

Warmly,

AJ

Post: Multi-unit or Commercial Rental first

Alleia JamesPosted
  • Accountant
  • Chicago, IL
  • Posts 62
  • Votes 23

@Jason Marcordes Hi Jason!

I am new to real estate investing and the BP community. I'd love to hear about your process acquiring rental properties and flipping. Did you use a realtor to find off market deals? What do you recommend for recent college grads? 

Warmly,

AJ

Post: How & Where can I get the funds to put 20% down

Alleia JamesPosted
  • Accountant
  • Chicago, IL
  • Posts 62
  • Votes 23

@Todd Dexheimer Hi Todd! 

I am in a similar situation. I recently graduated from UIC and I work as an Accountant. Wholesaling laws are VERY strict in Illinois and I believe it's illegal if you do not possess a real estate license. What do you recommend I do to get some more capital?

@Greg Dickerson Hi Greg! What financing options do you recommend for first time homebuyers?

Warmly,

AJ

Post: How I Bought My First House

Alleia JamesPosted
  • Accountant
  • Chicago, IL
  • Posts 62
  • Votes 23

@Chace Fraser Hi Chace! Thank you typing such a detailed response. Yes, my job is related to my degree; thus, that should give me some leverage. BTW - I messaged you!

@Michael Fitts Hi Michael! Thank you for responding. You're right - I should probably get a roommate. In the meantime, I will have to save up a little more for a larger down payment and cash reserves/emergency fund.

@Lumi Ispas Hi Lumi! Yes, I have a few W2 forms and paystubs from my previous and current employer. I messaged you back! 

Post: Chicago House Hackers

Alleia JamesPosted
  • Accountant
  • Chicago, IL
  • Posts 62
  • Votes 23

@Ivy Pierce Thanks Ivy - you rock!

@Jonathan Klemm Hi Jonathan - I messaged you!

Post: 1st time looking to buy an investment property

Alleia JamesPosted
  • Accountant
  • Chicago, IL
  • Posts 62
  • Votes 23

@Stone Saathoff Hi Stone!

I live in Chicago - do you have any recommendations for a recent college grad? I am want to purchase my first property in 2021.

Post: Sued for Negligence

Alleia JamesPosted
  • Accountant
  • Chicago, IL
  • Posts 62
  • Votes 23

Where do I go to obtain this Landlord Policy? City Hall? (I live in Chicago)

Do you require your tenants to get renter's insurance?