All Forum Posts by: Jason Marcordes

@Vince Roddy - There's an REI meetup on 1/22 @ 7pm at the Jameson's in Joliet. I don't have the link at the moment but it's on the BP events. If you can't find it, let me know and I'll send it your way.

Hey @Paul Latendresse - I'm very conservative but considering your current position and the market, I would say sit tight. Save as much as you can, pay down any high interest debt, and get ready for the downturn. You'll make much more if you have something to launch your investments when things hit the bottom.  

Also, there's a ton of opportunity in IN right now so no need to go out of state.

Hey Dewey - welcome to BP! Sounds like you have a solid plan...slow and steady wins the race. I just read The Compound Effect and it's amazing what just 10 hours a week can do over 1, 2, 3+ years.

I have a pretty extensive background in property management and REI and I'm just up the road from you in Lincoln Square so if you ever need anything, just let me know!

I'll check it out - thanks!

Hi @Gideon Blustein! I'm originally from New Lenox and I'm moving out of the city, back that way so I'd love join you guys. I'm an investor myself and I own a property management company that services the city and South / Southwest suburbs (Joliet, Lockport, Plainfield, New Lenox, Frankfort, etc). I found the first one (Joliet Regional Landlords Association) but I couldn't find the Joliet REI Group. Can you send the link for that?

Hi Troy! We manage 300 units in the Chicagoland area, including the SW suburbs so that's definitely something we could handle. Feel free to DM to set up a time to chat if you're interested.

Hey @Dominic Frank, welcome to BP! Do you have a certain neighborhood/area in mind. I have a great Realtor I can send you to.

@Raj Patel I would agree with @John Warren....stay away from 203K if possible. I would take that $30K and buy a nice 3-4 flat, owner occupied, in the western suburbs (Berwyn/Cicero/etc). This should leave you with $5+ grand in reserves in case anything happens. This will be much safer than investing in the south side at this point in your REI career.

@Kyle D Birch - I have a great zoning attorney referral if you'd like it. Dealing with the city can be a pain in the butt and there always seem to be the "who ya know" factor. If your attorney doesn't specialize in zoning, I would definitely recommend seeking one out. Let me know if you're interested and I'll PM his contact info over to you.

Hi @Syed Hussain - what part of the city are you looking to buy? I have a few referrals but each typically only works within a certain geographical area. Feel free to PM me if you'd rather. Thanks!