All Forum Posts by: Daniel Villanueva

Hi BP,

Due to my work, I may not be able to qualify for first time home buyer and may have to purchase property as investment.

What differences can I expect? Higher taxes?

Thanks guys

Danny

@Rick Pozos

Thank you for breaking this down! As a travel nurse I won’t be able to really get to know the market like the back of my hand until I settle down (which isn’t for another 3ish years). Perhaps it’s naive to expect to hit it out if the ballpark but for sure is encouraging to focus on getting a good deal. Thanks again for your 2 cents!

-Danny

@John Warren

Thank you John! What material do you suggest reading, pertaining to the Chicagoland market?

-Danny

@Paul De Luca

Thank you for your insight! As I read your reply I’m realizing that I am your classic case of analysis paralysis. Most material did state that we would be feeling/ seeing the effects come 3rd quarter 2021. I think I am getting nervous since I see most states are due to end this month.

I like Chicago for its strong supply of MF, strong appreciation in certain areas, strong COC in others. I don't like Chicagoland because of its steady decline in population, taxes, and favors tenants. Once again, caught in the grips of analysis paralysis- I love south East Little Village for appreciation in the next ten years & decent COC in the immediate future (but also dislike it because it's now expensive to get a turnkey property. They say solid COC keeps you in the game. So I'm swayed to consider Rockford, Joliet, Schaumburg area (for possible class A) .. I think I'm just gonna end up going with the highest class property I can get with the best cash flow. Hopefully a B but likely a C. (Vs putting my money into a class B+ or A- in Chicago that won't cash flow very well/ keep me hungry to grow)

Thanks again Paul!

Hi everyone,

With eviction moratoriums all ending (roughly) this month, how long until we see effects on MF home sales? I take it this will vary state to state depending on evictions laws... As you can probably tell, I’m a noob. Currently excited to buy my first deal in Chicago suburbs or Phoenix metro area but I don’t want to do it right before there’s a wave of new housing in the market. Thank you all for taking the time to read this!

-Danny

Hello all, 

Recent news articles show strong migration from metro areas to suburbs. People that once had to rent a unit in multi family, can now possibly rent a whole home in far suburbs or save elsewhere for a home purchase. 

My question is for those MF professionals in Dallas/ Chicago/ Phoenix metro areas: are you seeing an exodus of class a/b renters leaving the MF world? My worry is that this and the following year may be a bad time to buy for the 2-4 unit world. Perhaps SFH may be the best option for the immediate future.

I welcome all evidence- based articles that you may have found relevant! 

Thanks for your time, 

Danny

Hello all,

I’ll be moving to Phoenix in December & currently looking to get involved in real estate. Primary goal is gaining experience/ buying first MF.

Looking for mentor/ coinvestor that I could “intern” with. Although I’m employed full time, I have several days off to do with as I please. Looking to make the most out of them!

Please reach out with any questions!

-Danny

@Andrew Weiner great feedback... deal absolutely > location. I’d like to pick the location with best/most opportunities So that I can stick to it vs looking nationally. 

Likewise in my 20s interested in Midwest & Texas... 

Loved Chicago but it’s losing population/ taxes increasing fast/ covid pushing people out of larger metro areas (does this create a window of strong investment opportunities? Probably but that’s another convo) 

Personally, can’t decide between cash flow or equity growth but pushing towards Phoenix & Texas and counting on them growing most (50 years down the road) 

Hello all,

Currently have been doing travel- contracts for under 6 months so in order to invest in real estate- I have to do so passively or buy in cash. It’s my understanding that REITs require the funds for 3 years or so minimally?

Ideally, I would like a co-investor/ mentor ship where I could serve as “intern” and we both profit from the relationship. 

I have approx 75K to start with. Due to my work, I’m only in a location for 3 months (possibly a bit more). Looking to get started in Tucson AZ for work reasons. 

Any advise/ tips greatly appreciated. I’m not sure where to reach out to to get the ball rolling.

Thank you, all!