All Forum Posts by: Henry Lazerow

Any recommendations for investor friendly lenders licensed in IL? Looking to see best rate for me on Conventional mortgages. My tax return is pretty complex as I also do flips with a LLC that showed a loss but recently flipped the property so LLC only holds one high cash flowing property now and am a real estate professional writing off depreciation. Please PM me. Have been pre approved conventional one lender and recently did a refi so know I qualify.

You make a great point but the bottom line is trump is only in office until 2029. These exact tariff policies will NOT be long term after 2029, who knows if they will even stay for his whole term. Moving supply chains is not quick. 

I had a client buy a 14 unit in Rogers Park chicago for 1.6 million using his SBLOC it's like a HELOC on a brokerage account and has set rules for equity so don't need to worry about changes to parameters for a margin call, I would still be very conservative on the % of account you withdraw. This was back in 2019 and that building is now worth around 2.6 million so worked out well for him!

@Travis Timmons I don't believe this is true. Take my market for example north side Chicago. A 4 unit goes $800-1m that rents for $7500-8800 this is with class A tenants that run under 3% vacancy over time (you do need boost rents to market value after acquisition). At 25% down you are most definitely cashflowing positive, it won't be the crazy high 0% down returns of years ago but they cashflow a stable nice income that goes up each year. Most people self manage these as they are class A tenants, even doable for out of state owners with a leasing agent. I own a 4 there myself.

If something is selling at a higher rent percent then rest of market it means it’s in a bad area and as mentioned above likely won’t perform how you think it will. Just focus on value add deals in good areas and be patient as watch them grow long term. 

P.S investor friendly doesn’t matter if you buy in a good high demand area where won’t have any tenant issues. Yes investor friendly areas if need evict it’s quick but the tenants damage your  place and it costs you a lot of money in turnover. Not the magic pill many on this site preach for high cash flow low class investor friendly areas. 

It's for sure way harder to scale now than a few years ago. But just save up a down payment and buy something in a good area, don't stress too much year 1 cash flow (as long as it's positive) these deals tend to get a lot better as inflation bumps the rents after few years. I did a BRRR recently but it was definitely a rarity though as most negative cash flow at full brrr in 2025.

Chicago north side like Roger’s Park area I can find class A condos that hit .8-1%, the low rise non elevator ones have affordable assessments. I own a 4 unit in area. Awesome tenants and vacancy runs sub 3% over the long term.

Exactly as @Jay Hinrichs says. Just sell both and you won’t even have to pay taxes due to living there. Markets expensive I just sold one of my own places. $60-80k appreciation is still great money. Single families don’t tend to cash flow well if you’re in good areas, look for 4 units that’s really all I’ve seen cash flowing lately. Or maybe find a 2 or 3 unit and house hack it. 

Let's be real. With cash out rates in the 6-7s and California cap rates in the 3-4s I highly doubt can buy anything 3.5-5% down or do a BRRR without being heavy negative cash flow. I do agree total return is probably great in california but it takes a healthy amount of capital down.

I see people talking about good credit tenants and screening but real life from owning c/d rentals those applicants don’t exist. No one with good credit wants to live in a bad area, maybe your properties are really class B. It’s even hard to get the sec 8 tenants to apply sometimes as they get to pick where live and want be in the nicer areas also. 

Just start eviction and the order will say any and all occupants. You’re in Indiana it should all be pretty fast.