All Forum Posts by: Brandon Rauscher
Brandon Rauscher has started 9 posts and replied 39 times.
Post: North West Suburbs of Chicago meet ups
- Investor
- North West Suburbs of Chicago
- Posts 39
- Votes 19
https://www.meetup.com/chicago-suburban-real-estate-group/
Post: North West Suburbs of Chicago meet ups
- Investor
- North West Suburbs of Chicago
- Posts 39
- Votes 19
Quote from @Mark Ainley:
@Scot Howat & @Brandon Rauscher did anything ever come of setting something up this way?
We found a meet up in Palatine at Lamp lighter. It's the first Tuesday of every month. Have met a handful of good people there. Starts at 6:30pm.
Post: Off market property for sale
- Investor
- North West Suburbs of Chicago
- Posts 39
- Votes 19
934 S Austin Blvd, Oak Park, IL 60304
Post: Off market property for sale
- Investor
- North West Suburbs of Chicago
- Posts 39
- Votes 19
I have an off market property for sale in Oak Park. 3 beds, 1 bath, 3 car garage. Partially renovated and needs to be finished. Dm for details
$300k purchase price
$450k arv
Post: Is this Hard Money Lender a scam or not?
- Investor
- North West Suburbs of Chicago
- Posts 39
- Votes 19
This is the guy on FB. Are we in agreement that he is fake or is he legitimate?
Post: Just closed my 1st deal!
- Investor
- North West Suburbs of Chicago
- Posts 39
- Votes 19
Congrats! Keep it going!!
Post: How are investors making it work?
- Investor
- North West Suburbs of Chicago
- Posts 39
- Votes 19
Quote from @Tim Ryan:
Quote from @Brandon Rauscher:
I have been trying to get into multi unit rental properties the last few months. I have gone over deal after deal, running numbers and every deal is loosing money on a monthly basis. Each one of these properties comes on the market and within days or weeks they are under contract. What am I missing here? How are investors making money on properties that rents will not cover the cost of mortgage and taxes alone? Not even figuring in management costs or utilities
Have you read the book Blue Ocean? You should (or Youtube to get the quick info). We are in a Red Ocean now in multifamily. So you need to find some Blue Ocean locations. I am investing in one and it's not far from you! DM me if you want to know more. Just being helpful, not selling anything... The thing about Blue Ocean Investing (I'll call it) is it appears more risky as you need to be way ahead of the curve. But it will be the most lucrative and rewarding if (when) you are right.
I will send you a message
Post: How are investors making it work?
- Investor
- North West Suburbs of Chicago
- Posts 39
- Votes 19
Quote from @Andrew Garcia:
Hi @Brandon Rauscher, a lot of 2-4 units are going to people that are house hacking.
Ultimately, if they need to pay $500 a month, they do not really care since that is still way less than a typical mortgage payment.
If you are looking for a 5+ unit, the lower the cap rate, the higher the forced appreciation.
It is simply a different strategy.
Hope this helps! Let me know if I can be of any assistance.
Personally I am looking for 5+ unit buildings. I have been watching the 2-4 units as well hoping to come across something. So far, the majority of properties are negative cash flow $1-$2k per month. Even with a value add strategy, it seems as if it would be hard to hit a positive cash flow to the point in which the property makes sense to own.
I know there are some investors that simply need a place to park cash and gain tax benefits and wait for appreciation. However, I don't this is the norm. Generally a break even or cash flow positive investment is desired. Especially in todays market where as appreciation is no longer guaranteed.
Post: How are investors making it work?
- Investor
- North West Suburbs of Chicago
- Posts 39
- Votes 19
I have been trying to get into multi unit rental properties the last few months. I have gone over deal after deal, running numbers and every deal is loosing money on a monthly basis. Each one of these properties comes on the market and within days or weeks they are under contract. What am I missing here? How are investors making money on properties that rents will not cover the cost of mortgage and taxes alone? Not even figuring in management costs or utilities
Post: North West Suburbs of Chicago meet ups
- Investor
- North West Suburbs of Chicago
- Posts 39
- Votes 19
Quote from @Philip Feinstein:
My wife and I are in Mchenry County area, looking to network and meet as many people as possible that’s as obsessed with realestate as us! Currently have flips, wholesales, buy and holds under our belt.
Let’s do this!!
My wife and I are in McHenry area often and would love to partner on deals. We generally invest just south of McHenry as we know that area very well. I willcontinue to work on getting the meet ups planned and scheduled