All Forum Posts by: Jerry Dengmanivanh

Welcome fellow Jerry!!

You've come to the right place for education! 

- Jerry D.

Welcome @Russel Davenport! It's great to hear someone with your experience and expertise make the decision to transition into investing.

I was born and raised in Urbana so we're from the same neck of the woods.

Be sure to check out our local Real Estate Investors Organization. You can find more details at www.cirpp-live.com

It has been a huge asset for my business and keeps us all informed about anything local that pertains to us as investors. Not to mention the great networking you will gain from it each and every month.

Reach out anytime!

- Jerry Dengmanivanh

C-U Sell Your Home

Thanks @Scott Dixon for setting another meeting up!!

I may not be able to attend this one unfortunately. It is my sons birthday weekend. I may however be able to convince my wife to take the kids downstairs for games and pizza for a couple of hours..

May have to consult with the boss on that and get back to you guys.

If I am ultimately unable to attend, I want everyone to know that they should really take advantage of these opportunities to mingle with active local investors. Especially if you are new or have yet to get started. These guys have great knowledge and real life experience that they are all open to sharing for free!

If you are seeing this and are on the fence, or nervous to go because you have yet to take action. GO!

This is a relaxed event and will hopefully give you the confidence to pull the trigger. These guys are the real deal and are truly there to help you start or grow.

Don't go because I told you to, go for you and your future success. Only you can hold yourself back from obtaining it.

- Jerry D.

I can't speak for campus rentals as I have yet to tackle that beast. But from what I've heard from others, it sounds like it is doing well for them. Especially multifamily.

I was born and raised in Urbana IL. and have recently moved my family to Mahomet. So I am very familiar with the Champaign County market.

In my opinion (speaking from a retail and family having mindset) schools and crime rate are major factors. When my family and I were looking for our first primary residence last year, those things mattered to us greatly since we have two school aged kids and now one on the way.

We decided to move outside of the city since we were both raised in it, we knew we did not want our kids to grow up the way we did. So we searched all the bordering towns you mentioned.

St. Joe, Sidney, Tolono, Philo, and Mahomet were our main focus. Great schools and all still just a quick drive back to all the city amenities we were used to and family and friends we were moving away from. These areas have homes that pop up for sale and are gone at full retail as quick as they come up. Of course updates and features had a play on how long they stayed on the market.

Most of those bordering towns are great for flipping in my opinion. Champaign still has great areas to flip in as well. I know guys that are doing very well in Champaign. Just gotta watch for the areas with high crime or are close enough to sway most buyers to not buy there.

Since I grew up in Urbana and have seen the entire city get worse and worse with crime. It still has its handful of good areas, but not much desirability to live in Urbana. Champaign has all the stuff people want.

As for rentals, Champaign County does have worthy investments in it. 4 out of my 5 units well exceeds the 2% rule.

There are all the classes any investor could want out here. Just pick a class you would like to invest in and start shopping.

How are you financing? Cash, bank, creative financing?

I do some marketing here and I may be able to help you break into the market.

Congrats! 6 duplexes owner financed for your first deal is impressive!

Be sure you have your keyword alerts set because we should be having our local Champaign BP meetup coming soon. Would be glad to have you and to hear about the details.

Again, congrats and best wishes! Reach out anytime.

- Jerry D.

Yes please!

- Jerry D.

Welcome Tyion!!

I was born and raised in Urbana. Glad to see another person from that neck of the woods in Real Estate and engaging on BP.

We should get together soon. Be sure to set your keyword alerts for our area to engage easier and to also get notified of our next BP meet up which is usually held in Champaign. Should be coming up very soon.

I'm a buy and hold investor always looking to add more. I'd love to hear more about the multifamily you mentioned as well.

Best wishes on your real estate journey! I look forward to meeting in the near future.

- Jerry D.

When
Thursday July 21, 2016 from 11:30 AM to 1:00 PM CDT

Where

Hilton Garden Inn
1501 S. Neil

Champaign, IL 61820

Presents:

Alex Ruggieri speaking on Sales and Success.

Alex Ruggieri serves as a senior advisor for Sperry Van Ness, specializing in the sale of investment properties in Champaign-Urbana and Central Illinois. With over 28 years of commercial real estate industry experience, he has built an array of valuable business, real estate, and banking community contacts that benefit his clients. Ruggieri has secured a career sales volume of over $200 million.

Prior to joining Sperry Van Ness, he served as vice president of Ramshaw Real Estate, a full-service brokerage firm, where he remains involved in acquisitions, sales, development, and management of various types of investment properties.

Career highlights include being the recipient of Sperry Van Ness’ Achievers Award for outstanding sales, Partner’s Circle Award (the company’s highest sales award), Certified International Property Specialist (CIPS), and authoring commercial real estate articles for regional and national real estate trade publications such as Units Magazine, MidWest Real Estate News, and Heartland Real Estate Business.

Ruggieri is a member and a Graduate REALTOR Institute designee of the National Association of Realtors. He is also a Certified Commercial Investment Member. Ruggieri also earned a Master of Business Administration degree in business and finance from the University of Illinois at Urbana-Champaign.

Illinois, Champaign, Urbana, Mahomet, Savoy, St. Joseph, Tolono, Monticello, Rantoul, Danville, Decatur, Bloomington, Peoria, Sringfield, Paxton, Mattoon, Effingham, Taylorville, Kankakee, Tuscola, Clinton, Shelbyville

Great share! Great podcast! (show #180)

Thanks for the quick reply! If you don't mind me asking. What's your end game by selling with owner financing and not having buyer get conventional financing?