Hi Jerry, Thanks for replying back to my post. I'd definitely like to introduce myself and maybe we can connect. I'll be up there this weekend and staying for a few weeks to visit my parents. I plan to scope out the area while I'm back home. I'm originally from Rantoul, IL, went to SIU - Carbondale and have been living in Tampa, FL since I graduated college. I'm very familiar with the area, but haven't spent a lot of time there since I left for college back in 2005..(just holiday visits).
Ultimately, I would like to pick up as many rental proprieties in Rantoul as possible. (single family homes and multi family units) Simultaneously I'd like to rehab and flip single family homes up there as well. The houses seem to move a lot slower though...5-7 months to sell a house? I would like to start acquiring as many cash flowing properties as possible. I noticed that rental rates can far exceed the 2%$ rule in Rantoul as well..
*I'm curious to know if the weather has a big factor on flipping and reselling properties as the Fall/Winter seasons approach. The snow and cold isn't an issue here in FL. Can rehab year round. I know a lot of guys from high school who are into construction, carpentry, landcaping, HVAC, roofing etc..
I want to start working on a direct mail campaign for the area, and see if I'll get any return on Bandit Signs. I have also been scoping the Champaign County Sheriff Auction. A few good deals have came through there recently. I also need to connect with a good Realtor in the area. Do you know a good Realtor? My GF is an Agent here in FL so that helps out a ton with MLS access.
Lastly, I do have a good amount of cash flow to work with. I have about 250K cash, and access to hard money if I need it.
Would love to network with you! Hope all is well!
-Josh