All Forum Posts by: Brian C.

ideally I would like to be around 20 percent on annual return, but I might be reaching a little

Your right and to be more clear, regardless of what I decide to purchase I will not manage at all, I will either bring in a property management company or hire someone on, for upkeep and leaseholds.

Some of the problems im having, remember im in a major city and not really looking for a rehab

Lets say a 4 flat going for 400k with gross receipts of 3k a month, I dont see that as a wise investment,

Im seriously considering hard money lending but once again dont know much about it, but if someone is intersted by all means contact me and we can work something out

its no different than me teaching someone how to trade for a living, no offense but you make it sound like people in general are cynical in nature

Alright for sake of conversation on flips, which everyone seems to be doing now a days. What are you looking for in condition and price? Also location, are flips done in poorer neighborhoods? Can I look at craigslist, realtor.com zillow I want to see some examples of good homes that are for sale, that would be smart to buy and rehab. Thank you for everyones help so far, Im learning as I go

Well thank you for your advice and I dont mind being proactive on properties but once again, I dont know where to start. Lets just say chicago north side which is the area im targeting, you can buy a 4 flat from anywhere from 300k to 1 million. West side of chicago, you could prolly find 10 to 25 units in the same range.

I need more information if outside property management is the way to go.

Other thoughts im having is why cant I look at foreclosures, in the 500k and above markets, and send offers at 50 cents on the dollar, Ive been told I have about a 10 percent chance of success in that way,

I have zero experience in the real estate industry but would like to start immediately. Would like to start with a 200k investment, do I buy a couple 4 flats? a million dollar commercial property with 20 percent down and a nice cap rate? or even partner with other investors and look at 20 plus unit commercial properties? Ive been a trader for 15 years so I understand risk more than most and willing to go forward. Thank you