All Forum Posts by: Arthur L Dusenbury

As a licensed broker of 25 for a newbie I RECOMMEND. Keller Williams.

It can be, however it is a tricky market. It is a good market for buy and hold section 8.  If you want to connect offline I researched Rockford a while back and would be happy to assist.

Flipping a hotel conversion? Seller financing the déal.  Anyone excited about that deal?

Do you live within 30 minutes from Rockford.  I would recommend to newbies to invest close to home for the first couple of deals.

I'm in the Palatine area. Be happy to help. Got deals coming all the time.

I recommend Keller William's I was with them for 8 years.

I'm with Teal People Really because I don't have to give away 30% of my commissions.

$80 per month and $299 per transaction.  Automated systems and loads of video training. Excellent new agent support.

Good fortune.

Hi Jay,

I did a house in Brookfield last year.  I know that area well.   Berwyn and Cicero are highly competitive markets.  It is best to market for offline off market properties.

Be aware the building departments are a nightmare if you don't know what to do.

If I had a desire to work Berwyn I would only use a contractor that has done 4 or more remodeles in the last year.

Always go to the building departments and find out what their requirements are. In Berywn they seem to not honor their own codes.

Have a decent spread. You will spend more then you budget for.

Every town has different requirements.

Hope this helps.

Hubzu is a real estate auction site. Many realtors, myself included in the past, are forced by banks to use Hubzu. Most listings have a reserve. I haven't found a deal worth doing on Hubzu. They usually bid higher then a reasonable ARV.

Diversify part buy and hold part flip hybrid deals.  Base it on your risk level discomfort level.  Leverge for growth.

Good fortune ahead!

In Illinois if the principle business operations are a large percentage of the business you will be required to pay ILLINOIS taxes.

I use a. S corp as and operating company and a corp for flipping properies.  This creates 2 levels of protection.

I have 5 properties on the South Side 20-30K.  I can help you with resources.