All Forum Posts by: Gary Stark

Thanks Jonathan.

Hello All,

Does anyone have a couple of good brokers or direct lending contacts that specialize in commercial loans (multi unit 5 or more) on the North side of Chicago?  I am looking at smaller deals (less than $1mm purchase price).

Thanks

Gary

Sorry for the delay. Was traveling.  Thanks for all the feedback and referrals. I need to step back and figure out what i am going to start with... 2-4 or 5 unit and above.

Gary

Hello, I am getting started in real estate and my plan is to buy a muti unit rental that i would hold as a long-term rental (2-10 units).

Can anyone recommend a few property managers i should get to know to manage the property?

Thanks

Gary

Hello, I am looking for a decent (readable) tax book for real estate investing.  I have heard that The Book on Tax Strategies for the Savvy Real Estate Investor by Han is good. However, i see that it was written in 2016.  Have things changed?  Anyone have a good recommendation?  Thanks in advance.

so now what?  The book isn't worth reading?   how do i learn what is realistic in rental property investing?

I am very new to RE investing and reading the above book.  His first example "Plan" is to buy a fourplex.  He assumes he puts down $16k and $4k for repairs.  Total investment is $20k.   He assume each unit produces $200 per month cash flow - $9600 per year.   My simple question.  How realistic is this?  A 50% annual rate of return.  A two year payback on a real estate investment.   I am new and eager to learn.  I understand it take effort to find great deals.  However, before i get too far in here.. i want to know what i am missing.  This seems like assumptions that are simply not feasible.  Please help me understand.  His entire math for this "Plan" only works due to the above dynamic.