All Forum Posts by: Ashlee Reimer

@Larry Smet

Send me an email at [email protected] and I will send you the RBC info I have.

Hi @Larry Smet

You would probably want to set up an American LLLP owned by a Can Corp. Do you currently own a Can Corp? Have you looked into take out loans with a hard money lender? There are some that have pretty reasonable rates (depending on what you are used to). RBC does have a investors program, if you want I can send you the details on it. I believe it was they would loan a min amount of 70k at 60% LTV for 15-25 years. But no rehab loans, that you would have to come up with the cash or contact a hard money lender. Most HML will loan on rehabs.

Hope that helps!

-Ashlee

@Marc Ramsay

@Matthew McLean

Welcome to the BP world! A wealth of information! Yes The Surrey REI Group is a great meet! Lots of wonderful people and great info! Another great one if your in the area is WIN (Wealthy Investors Network). If your interested I can let you know when and where they meet. I think it's normally the third Thursday of every month.

@March Ramsay

Looking forward to the next meet, too bad you won't be there! Good luck on your trip!

-Ashlee =)

Hi

@Robert Taylor - We are looking at the south east side of chicago seems to be a bit nicer over there yet the properties are still cheaper.

@Darren Sager - Thanks for the tip! Gotta love Breaking Bad! ;)

@John Hauser Thank you! I agree! I have read the beginners guide a couple times and it is a very good resource!

@J. Martin Thank you for the tips!

@Brandon Turner Thanks I will for sure check that out! Much appreciated! :)

We have done a lot of market analysis. There are many great places to invest, all for different reasons. When it comes down to it, 3 and 4 flats are cheap, and rent is decent. Money is being invested into South Chicago and that development on the east side. So that makes me think it is up and coming.

Yes I have invested in Canada already, the problems here are the prices are outrageous compared to the US. Especially Chicago. And yet rents are around the same. Also most areas here are already at their peak, so there is not a lot of room to gain money in the property itself. We would definitely use a property manager so that will help too. Thank you for all of the info!

@Roy N. Thank you! =) No kidding! I haven't seen house prices this high before here! Vancouver is rocketing! Yes, we already have a cross border accountant and lawyer that set us up with a Can Corp & LLLP. Thank you for the tip!

Hello! Sorry if I dont get the 'mentions' correctly, as I am still figuring out how this works =)

@Ryan Steele - I live in Vancouver, Canada. So I will be investing in Chicago long distance. I have been searching/contacting a couple networking groups but so far no luck. Your website looks interesting, do you have long distance members also?

@Paul Timmins - Thank you for the tips! Are you the same Paul Timmins that was apart of the Steve Martell group? A couple of my friends who I have been working with are taking that course, and I believe they mentioned your name! =P

@Brianna Schmidt - Thank you! =) I am somewhat familiar with South Chicago, but just from researching and talking to fellow investors. I have heard about these 'pockets' and block by block. Very different from where I live! Awesome! I still have yet to find a good contractor to contact! I would much appreciate the recommendation! =)

Hi! My name is Ashlee Reimer, and I am a first time investor. I have decided to start my journey in the Chicago area. I am searching for some contacts to start my business. I am mostly finding it difficult to find good contractors and hard money lenders for this area. I am looking to purchase 3 and 4 flats in South Chicago, rehab, rent, and hold for long term cash flow. Eventually I would like to break out of the residential world, and jump into the commercial world! If anyone has any tips or contacts that would be much appreciated! :)