All Forum Posts by: Christopher Malone

Thanks @Brie Schmidt I am looking forward to attending!

Hello,

I missed the last Chicago Meetup on July 22. I set my keyword alert, but i must have set it up incorrectly. I was wondering if another meetup was being planned, and if so when? I would love to attend as an aspiring investor. I would love to meet and learn from other local investors.

Thank you

Congrats! 

@Timothy Riley I look forward hearing about it!

Good Luck 

@Sharad M. I definitely plan to reinvest into my portfolio. I have spent a lot of time analyzing deals that i would consider, as well as creating my 5 year business plan. My goal is to buy 2 properties within year 1 leveraging both mortgages with 20% down, and funding my own rehab cost. I am choosing to rehab my first purchase because it just seems to make more sense in my market. I read that it is safer for new investors to purchase retail, but there is no room for cash flow after all of the expenses. 

@Timothy Riley In Chicago, almost everything on the north side is over 3k taxes. Whenever i think i have found potential, i scroll down a bit further and see 5k+ taxes... Most of the cash flow properties i have found are on the south side of the city. 

@Joey Nakayama I have been looking at properties in northern part of cook county. I am not sure that i want to continue to search for properties there any longer because the taxes are extremely high. I can not seem to locate any properties that give the cash flow i am looking for. Do you have any suggestions? Thanks

@Gerard Pechal That is great advise. How do you determine the repair cost? Do you get bids before you make an offer, or do you estimate yourself, make an offer, and then get bids and make a counter offer? Thanks

@J Scott I have never considered using my cash-on-cash % to analyze my deals. I have the percentages available to look at, but thought that they may be skewed due to my purchase price. It definitely makes sense to compare my potential buys, as this would be the common factor each of my investments would have.