Originally posted by @David Barnett:
@Account Closed You got it! The hesitation makes sense, especially in a market that historically hasn't grown as fast as it has post-recession. I'm in a slightly different area of the country where rapid appreciation growth is more "normal."
I would also say the fact that you have a tradesperson background is a huge advantage. From what I'm seeing (albeit 1,100 miles away) is that properties that are priced well and look "cute" are flying off of the market. There is still some room in properties that need some work. With your background, you could force a huge amount of appreciation if the property is purchased as a deal and improved to be in line with the neighborhood.
I'd be happy to connect and discuss further if that would be helpful!
Thanks again for the response. You're right the multi families (what I think I'm wanting to get into) in the areas that I've been searching seem to fly off the market and it's likely because I've been searching "A" neighborhoods. However, I'm definitely not afraid of a project and I know all of the right trades people to take on nearly any projects, in both my current area and other areas in Illinois that I've been looking at. Some of my good friends own remodeling companies back there and I have plenty of contacts in the Twin Cities, so I have the ability and contacts to take on most projects where I am or where I'm considering investing. It's good to hear from someone with much more experience that the knowledge that I do have holds some value, because I have felt that this was definitely the best thing I bring to the table thus far.
I sincerely appreciate the offer to connect and I'd really appreciate the opportunity to do so. Most of what I hope to find from these forums (aside from learning all of the basics) is some people with more experience than me to help with some guidance/confidence building. I've hoped that I could maybe find some people that are already doing what I want to be doing that I could hopefully offer something to in return (My business is hardwood floors), but it's awesome that someone like you would offer as I can't offer much in return. Although, I do know people in the wood flooring business all over the country through my participation in the National Wood Flooring Association and other online forums for our trade.
So not sure I can be of any help to you in return, and I'm sure you knew that when you sen t this last reply, so again I sincerely appreciate it. Anyway, I'll send you a request to connect and if you have some time here and there to help me out, I'll be vert grateful. Thanks again!!
