All Forum Posts by: Samson Kay

I'm in the wicker park area. I'm surprised I didnt get any emails from your responses...

PM me if you guys are around.

I flew in for the weekend to start scoping out potential deals today. Particularly for an owner occupied. Needless to say it was a total bust today because all the properties I was interested in went under agreement today. Unfortunately I can't act on these properties because I haven't moved to the area yet... Anyways I was free tonight and was wondering if there were any local investors interested in networking over some beers. First rounds in me!

For the first month, I usually take a cashiers check and ask for a voided check so I can set them up for ACH transfer. That way I get direct deposit each month. It cost me money, but at least I save the hassle of going to collect rent physically.

I have a 10-unit sale (one 6 unit and one 4 unit) in the greater boston area for 999800. Fully rented for total NOI approximately 87000 per annum. Cash on Cash returns for 16-17% in a city with vacancy rates around 5%.

Building is turn key recently renovated with new kitchen bath and hardwood flooring throughout. Let me know if you would like more info.

@Trevor K. I did go to see a few 6 unit properties in westmont. No 4 units though. Whats the address?

From a logistics standpoint, South side seems like a safe bet. But from a Safety stand point...

Well is it really as bad as they say?

Specifically I'll be working in bollingbrook right off of I55. I've already went to see a couple properties in Westmont and bollingbrook themselves. But I guess I just want to experience city living. So if I could be be in the city proper that would be preferable.

350-500K, 4 family. At 350 K, some lite to moderate repairs. But at 500K I would prefer turn Key.

And I would prefer for it to cashflow.

@Chris Winterhalter - yeah thats what I figured. I was checking the crime rate in certain areas of south chicago block by block compared to where some of these listings were. I don't think I'm mentally or physically prepared to deal with the type of tenants that live in these areas.

What areas of the city would you suggest? Again I'm going for value compared to area amenities.

I don't mind an hour long commute if needed. My current commute is about that long so Its not a big deal. Quality of life is important though. Being close to amenities like shopping/restaurants/etc all for a reasonable value.

It would be good if the area is up & coming.

I'm looking in westloop area and bridgeport. They are close to the highway I will use and seem to be safe?