All Forum Posts by: Ben I.

@Jay Hinrichs do you have an agent you recommend that is competent in good Timberland?

It's a commercial HELOC so I'm good. No idea on CAP rates there. Haven't looked too much yet.

What I can't understand is in which situation would a LS be a good investment? It almost seems like buying a stock option near the end of its life. 

The areas I know that are on the rise are Albany park, Humboldt park and Rogers Park (Rogers may have already gone up). Of course, the entire southside has a lot of potential as the government is making some areas opportunity zones. There are some significant benefits for investing in those areas but I'm no expert on what those are...yet. GL. Btw 300k will only get you a two flat on Chicago's north side. My first deal was a 2 flat in Rogers at 350k in 2015. It's now worth over 600k without any significant improvements. 

@Greg Gaudet

I will definitely reach out. Thank you

@Sophie Maisel

The leasehold thing sent me for a spin. I had no idea what that was but it sounds like a horrible investment especially since some I saw expire in less than 10 years.

@Jason Marcordes it's crazy I haven't even considered that, but why not. I've heard of plenty of people using bp connections.

@Jason Marcordes that's exactly what I'm thinking too. I told myself I won't buy any more Chicago properties but the easiest thing would be to buy more Chicago then out of state. I agree with you though. It might be harder but it's better.

Hi everyone. Posting here to see if I haven't thought of something. My family and I are moving to Oahu in a month. There I will be working as an engineer. Leaving behind in Chicago 2 properties; a two-flat and a three-flat. They are all going to be fully rented out and I don't plan on selling them. 80k of HELOC is available to me from one of them.

Once in Hawaii, I will not be able to invest in real estate locally due to the million dollar entry requirement for Oahu. I am considering a few options. 

-Buy back taxes in states where it makes sense (NC, FL & Texas)

-Buy condos in Chicago (pro: relative maintenance free)

-Partner up with a friend and BRRRR in Chicago

If you were me what would you do? We plan on being in Hawaii 10+ years.