All Forum Posts by: Daniel Curtin

Hey @Tom Shallcross, is this the episode?

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Thanks for everyone’s input! Based on my analysis, a good amount of the multi-family properties for sale within Blue Island would seem to cash-flow, but the sticker price on some of these properties seems too good to be true. The majority have had substantial recent price decreases, which seems concerning for long-term property value appreciation. I know the overall market seems to be cooling some, but where do you see Blue Island property value going in the next 5-10 years?

Hey everyone,

I’ve been analyzing properties in the Chicago area and see several that seem like they would cash flow decently in the Blue Island neighborhood. 

Does anyone invest in Blue Island? If so, I’d love to connect and chat more.

Thanks

Hi Kathryn,Thank you for your input. 

Would you mind sharing your contact information so we could set up a time to talk over the phone? I’d love to talk with you more in depth about this.

At a brief glance, I’ve already seen a few multi-families where I’m staying in Hato Rey for $55,000+. I haven’t done much hard analysis, but when I see new Porsches parked outside on the same street and see what rents are going for, my interest was piqued. However, it almost seems too good to be true.

- Dan

Has anyone invested out-of-country? I’m particularly looking at San Juan, Puerto Rico. I assume the process isn’t too different than investing out-of-state, especially since PR is a commonwealth of the US. I’d just like to connect with someone that has done it.

Has any used the Rent to Retirement service advertised on various Bigger Pockets podcasts? If so, what is your feedback? Or, even if you haven't used it, what concerns do some of you more experienced investors have? 

Hey Everybody,

I'm Dan and I'm from Chicago. 

I've been looking to buy my first rental property for awhile. I've come across cash-flowing properties in the past, but I'd get cold feet. I'd do my homework, but I always felt like I could do more homework. I'd think, what if expenses are more than what I'm estimating? What if I can't get the rent I'm estimating? 

Anyways, my parents are selling their 4-unit, and I'm interested in buying it. I ran the numbers in different ways to account for different scenarios: cash flow with PMI and without; cash flow with appealed taxes and without; cash flow at current rent rates, and cash flow with raised rents (after cosmetic rehab). Initially, I won't cash flow, but I would within a few years maximum. Is it still a solid investment? I ask because it doesn't pass all the rules Bigger Pockets talks about, but it will soon down the line.

Thanks,

Dan