All Forum Posts by: Cristian Niciu

Hi @Cristian Niciu, I would like to connect with you as well. I know and invest on the south side of the city, although I currently live in NW Indiana. I'm currently looking to connect with like-minded individuals like yourself who are also looking for multi-unit properties. Check your PM from me. Looking forward to connecting with you.

I am an investor on south side chicago, would like to connect with you, as I would like to purchase additional multi family for long term buy and hold.

The south side of Chicago has great deals!

@Cristian Niciu thank you for your posting. I would love to connect with you. I will send you a connect request. I'm in Chicago area and also looking for multi family and buy and hold. I have investment properties in Canada but never did anything so far since I moved to Chicago in last 3 years. 

• Get your Proof of Funds and/or Pre-approval ready so you can start making offers on properties.   The $ amount available to you may define and/or limit where you can look for properties.  
• Hard money lenders love funding contractors so consider getting pre-approved for a HML type loan  
• Establish a relationship w/ a realtor that focuses on working w/ investors.  The realtor will provide you w/ data to help determine where to buy property.  They will also provide you w/ information to evaluate a property (Comparables) 
• Establish multiple relationships w/ wholesalers 
• Establish a minimum profit criteria- The right property is the one that meets or exceeds your profit criteria

Hey @Cristian Niciu,

I have a Construction company as well (General Contractor), and like you I work with many investors; but I also do my own flips.

Just by you being on BP, your moving in the right direction to increase your Financial I.Q. 

I recommend a great book by @J Scott, The Book on Flipping Houses. This will definitely lay a sound foundation for understanding investment side of flipping. 

Being a Contractor you will be able to very accurately account for all the renovation costs, which is where most investors in my experience do there due diligence wrong. No need worry fellow non contractors, J Scott also has a great book for estimating rehab costs. 

To answer your question on where to buy. I would buy where your investors are buying, I often do. That is if your familiar with the area, and your doing enough work there. Whats great about this, is that your comps become your own comps. And you keep your overhead down on the company side, because your already traveling in the area which makes it easier to manage. 

As a Genearl Contractor I look to buy and rehab houses on southside of Chicago, because I understand the area and I'm already traveling there for work I'm doing for other investors.

So stick to areas you know and understand, first. Than you can plan later to move to areas that seem more lucrative, provided you have done your due diligence. 

Hope this helps

@Christian Niciu

Welcome to Bigger Pockets. It is great to see you hear.