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All Forum Posts by: Daniel I.

Daniel I. has started 21 posts and replied 172 times.

Post: 2nd, 3rd, 4th, and possibly 5th deals after deal 1 success

Daniel I.Posted
  • Investor
  • Los Angeles, CA
  • Posts 180
  • Votes 72

Love this! You're on a freaking roll, man. Congrats and I hope for your continued success.

Post: I'm "selling" my recent rehab via a recipe contest!

Daniel I.Posted
  • Investor
  • Los Angeles, CA
  • Posts 180
  • Votes 72

I saw something similar to this where you submit $150 and write a short essay telling the seller why he should sell you the home for $400 (or something). Really a win-win idea. Love it.

Post: If you were going to drop 5k on a car what would it be?

Daniel I.Posted
  • Investor
  • Los Angeles, CA
  • Posts 180
  • Votes 72

I used to drive a 2000 Toyota Corolla. I think brand new it was $12k. No bells. No whistles. Got the job done and I drove cross country with it a couple of times. But great idea getting rid of a car payment and paying cash for a beater of sorts. Think practical -- something like the an older Honda or Toyota sedan is a pretty good choice in my opinion. 

Post: 1st Multifamily Deal in Chicago- How'd I Do?

Daniel I.Posted
  • Investor
  • Los Angeles, CA
  • Posts 180
  • Votes 72

I like this deal. Great area to buy in right now. I think you'll get some appreciation upside and living for free in a good neighborhood in the city is a huge bonus. Oh, and get that garage rented out for sure! 

Post: Best option for first time home buyer in Chicago?

Daniel I.Posted
  • Investor
  • Los Angeles, CA
  • Posts 180
  • Votes 72

If I were you, I'd buy a SFH in a neighborhood with good public transportation to get to the Loop. You can easily pick up a SFH or 2-flat n Logan Square for instance, for around $300k and be close to the blue line to get to work. I don't think you'll find a lot of value in a condo or townhouse. The nice thing about Chicago is there are a lot of cool neighborhoods all with their own vibe, all within easy access to downtown.

Post: Cash Buyer Looking for a Fix-n-Flip in Chicago!

Daniel I.Posted
  • Investor
  • Los Angeles, CA
  • Posts 180
  • Votes 72

They say there is more money than deals.

I'm looking for a SFH, ideally a 3/2 brick ranch on the Northside of Chicago or North and West Suburbs. Must be a nice area. It'd be my first flip, so I'm looking for something that does not need extensive work (no gut rehabs). I'd also be open to flipping a townhome or condo.

The numbers must make sense, but I am flexible as far as all-in costs.

I've been looking for awhile and it seems true deals are few and far between that match my specific criteria. Feel free to shoot me an email (in my signature) if you think you have something that hits my criteria. Shoot me a deal, Chicagoland!

Post: You've Decided to Become a RE Investor, Now What?

Daniel I.Posted
  • Investor
  • Los Angeles, CA
  • Posts 180
  • Votes 72

This is great. Love the actionable steps you're taking to make your goal happen. Very inspriing! Good luck to you. 

Post: Pathway Events

Daniel I.Posted
  • Investor
  • Los Angeles, CA
  • Posts 180
  • Votes 72

What do you hope to learn from these seminars? In my opinion, there isn't a secret to success in real estate. Success comes from goal-setting, learning, and then taking actionable steps to reach your goals. Between BP, books, podcasts, and the internet as a whole, there is so much quality information to be had FOR FREE. Please be wary of seminars with "star power" featuring Joe Shmoe from the latest flipping show. Leave your credit cards at home and some learning on your own. Save your money to put towards your first investment after you educate yourself about which niche you'd like to focus your efforts on. 

That's my two cents that I just gave you for free. You're already saving money.

Post: Help us with our logo? We would love your input on our 99 designs Logo Poll!

Daniel I.Posted
  • Investor
  • Los Angeles, CA
  • Posts 180
  • Votes 72

There are some great choices, so I can see why you'd like more opinions. My favorites are #259, #257, and #156.

#156 might be my favorite. Simple, elegant, and unique.

Really, any of those on that whole page could be a winner. 

Post: How I got an 8 unit apt complex for no money down!

Daniel I.Posted
  • Investor
  • Los Angeles, CA
  • Posts 180
  • Votes 72

Wow. I love hearing deals like this one. NIce job orchestrating it all!