All Forum Posts by: Jeff Morrison

@Mark Ainley, I actually live in that area behind Menards. Right now we really don't want SFHs because of all the potential exterior problems and expenses, at least until we move and rent out our SFH. But thanks for the input!

I am a new investor in the North West suburbs of Chicago, and I currently own 1 rental condo in Schaumburg, which I purchased cash (about 1/2 from my savings and the rest from a 401k loan).  After 6 months of owning it and being rented for 4 months, I refinanced it into a traditional loan with the bank and paid my 401k loan back.  The complex only has about 35% of the units as rentals, but the prices have gone up over the last year, especially in the complex I own in.  The problem I am having lately, is I am ready to buy another, but most of the complexes I have found that allow rentals, their ratios are much higher than 51%, which is the max any bank I can find will allow.  Does anyone know of any banks that will lend on a high rental occupancy condo complex?  Thanks for any help!!

I am interested in another meet up on a weekend afternoon around Schaumburg.

Hi,

I am a new investor looking for a good REIA, I live in the Schaumburg area, and am actively looking to network and bounce ideas off of other investors. What days are the meet ups usually, and are they usually in Schaumburg or other locations as well?