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All Forum Posts by: Joe Randazzo

Joe Randazzo has started 3 posts and replied 24 times.

Post: 7708 Scott Lane, Machesney Park IL

Joe RandazzoPosted
  • Rental Property Investor
  • Florida
  • Posts 27
  • Votes 14

Wow , great job. Who did you use for the remodeling.

Post: Having an open house for tenant showing

Joe RandazzoPosted
  • Rental Property Investor
  • Florida
  • Posts 27
  • Votes 14

@Zac Boelkow Hi Zak, I stagger appointments every 15 minutes so you dont get a rush all at once.

Post: what age did you start your real estate investment career

Joe RandazzoPosted
  • Rental Property Investor
  • Florida
  • Posts 27
  • Votes 14

Hi Sharlene , I started at your age 3 years ago and have three apartment buildings. Real estate has  helped me quit my job and start doing something I really love. Its never to late to start but make sure you run the numbers on Bigger pockets rent calculator. good luck to you and go BEARS.

Post: [Calc Review] Help me analyze this deal

Joe RandazzoPosted
  • Rental Property Investor
  • Florida
  • Posts 27
  • Votes 14

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Post: Closing in a week how does this deal look? Quadplex.

Joe RandazzoPosted
  • Rental Property Investor
  • Florida
  • Posts 27
  • Votes 14

@Robert Hernandez. I would raise the rents of the long time tenants to get them in line with the market rents. The best time to raise rents is after you take over. The tenants expect some increase.

Post: Closing in a week how does this deal look? Quadplex.

Joe RandazzoPosted
  • Rental Property Investor
  • Florida
  • Posts 27
  • Votes 14

@Robert Hernandez

Hi Robert, With the high vacancy rate in your area and some section 8 renters, I would offer less than the $212000 price. See how motivated the seller is. Is your market on a downturn or upswing?

Post: Looking for referrals in Rockford, IL

Joe RandazzoPosted
  • Rental Property Investor
  • Florida
  • Posts 27
  • Votes 14

Hi Robert , Key Realty  helped me fine some good deals. They are very knowledgeable in the Rockford and surrounding areas. Ask for John Murray.  Good luck. Joe R.

Post: Second Fourplex - 14 days after our first property.

Joe RandazzoPosted
  • Rental Property Investor
  • Florida
  • Posts 27
  • Votes 14

Good luck Robert , I own property near you and it"s  a high demand area,

near schools and shopping. Almost bought the property next to yours. The only negative are the high taxes  that we pay in Illinois.

Post: Property manager Rockford IL. area

Joe RandazzoPosted
  • Rental Property Investor
  • Florida
  • Posts 27
  • Votes 14

I"m looking for a property manager fo 8 doors in Machesney pk IL.   Thanks Joe

Post: Stuck in the beginning... Looking for advice. Here's my story

Joe RandazzoPosted
  • Rental Property Investor
  • Florida
  • Posts 27
  • Votes 14

Hi  Benjamin  The Rockford area for apartments has cooled off. Not to many good deals at this time . The good deals sell fast ,so if you see something your interested in analyze it using the calculators on bigger pockets and make a choice. A lot of investors out here so there is a lot of competition. Good luck.

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