All Forum Posts by: Andre Taylor

I personally think just because of the fast appreciation; being one of the biggest perks! 

 Thank you @Jonathan Klemm ! Wow that’s great to hear! It was in my 6 unit on the south side in the Brainerd area. One unit was on fire and the other took in water damage.

I had a fire in my rental property and looking for a good public adjuster in Chicago area If anybody has ever been through a fire on their property any suggestions or things to know will help. thanks!

Looking for an Architecture in Chicago to do some drawings for a planning permit.

I agree with alot of the other investors... first I would see if there are ways to increase your NOI...also looking ahead if you see the area has a history of appreciation then maybe its a long term play but using the FHA loan is great if rates are low and values are low but in this climate you gone have to put 20-25% down to get that cash flow you are looking for.

Yeah you could sell to cut your losses but question how big of a loss would you have to take? If I was a potential buyer the price has to be right with these high rates to make sense so if you sale for a high price that doesn't work for a buyer then they could be low balling you alot. Maybe hang on until rates go down some so that it has a chance to cash flow for the right borrow or you refinance to help with cash flow. How is the appreciation in the area? do you see the value going up long term?

The investors above laid out some great info. At this point you can bill them in hopes they will pay for the damage thats over their security deposit but one thing I do in my rental is quarterly inspections. That helps me see how the tenants are keeping things up to part and keeps them on edge to know I am a involved landlord.

I own commercial apt buildings like 6 units. My next purchase I am looking for a 20-30 unit so thats my focus for the next few months. I am a buy and hold long term so if I find a deal that can cash flow in this environment then thats a plus for me.

Yeah I hear you about that rate. Since I focus now on Commercial property. I don't really worry about the rate like that since rates are only fixed for 5 years for me.  I am preparing to purchase 12-20 unit in the first part of the new year which will require me to refinance and I have 3.6% fixed right now but if I can recapture the hit to my cash flow in the new property then Im jumping in. I do see the feds cutting rates next year and I feel like 5% will become the new 3%. This reminds me of after the 2007/2008 housing crash. I was getting rates in the 4-5% range. the 2-3% range was a blessing in disguise due to covid but if you been investing for a long time; then you know thats not the norm.

As we know the feds are talking about doing 2 more rate hikes this year. With that info; are you changing your investing strategy for this 2nd half of the year?  Whats your outlook on the rest of the year? I personally am not phase by that; if I find a good deal that can cash flow in this current state then I am looking at it as a long term play. I do think 5% rate will become the new 3% once Feds start cutting rates in the future.