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All Forum Posts by: Kristin Vegas

Kristin Vegas has started 14 posts and replied 41 times.

Quote from @Jonathan Klemm:

Hello @Kristin Vegas - All of the Chicago Suburbs are good to buy in lol it just depends on your specific goals, strategy, and team!

I really like the western suburbs like Cicero &  Berwyn.

So are planning to moving into the property since you are using an FHA loan?


 yes i'm planning to move in one unit and rent the others

Quote from @Robert Rixer:

You're best bet is to call a local multifamily broker. They'll be able to give you better and more concise insight.


 thanks alot for that advice! i will

Quote from @John Warren:

@Kristin Vegas why not look in Rockford again? 350k won't get you very far in a lot of areas, especially if you are wanting to find cash flow. 


 the reason i'm not looking in rockford is because i want to invest in another area, not too far from the city

Hi everyone, i hope everyone is doing great. my name is cris and i live in san diego california now. i'm a out of state investor who own 2 properties in rockford il. I'm looking to purcahse a triplex or 2 unit using fha loan also live in one unit. any advice on which suburb of chicago is good to buy this type of property or where i can find that type of property spending no more than 350k. any advide will be very appreciated 

hi everyone i hope everyone is doing ok. im a out of state investor and looking to buy a triples or fourplex in subur of chicago, my question here is : are there specific suburbs  where i can find those type of properties. 

anybody here investing in chicago suburb, which suburbs of chicago is a good place to invest . thanks for your response 

hi everyone i hope you guys are doing good. my name is kris and looking for wholesalers in rockford and chicago. any recommendation would be appreciate it thanks 

Quote from @Lori Williams:

I only invest in Youngstown. It's great for cashflow if you're willing to invest in the right neighborhood and do the right rehab.


 thanks for your advice, really appreciate it!

Quote from @Bob Stevens:
Quote from @Kristin Vegas:

hi biggerpocket family. my name is cris and looking to buy a rental property in youngstown ohio for cashflow, i live in california and thinking in buy a property in youngstown ohio. anybody here investing there for cashflow if so, which area of youngstown is good and where to avoid. any friendly investor agent


 Youngstown is NOT where you want to be in OH. If it was so great we would have bought there. 


 thanks for your advice!

Post: looking for banks or lenders

Kristin VegasPosted
  • Posts 43
  • Votes 34
Quote from @Jonathan Klemm:

Hey @Kristin Vegas - I understand that you are making money...I am just wondering if you could make more money if you took that capital placed into a different Chicago property that may put off more cash flow or appreciate faster than your current investment.


 good idea

Post: looking for banks or lenders

Kristin VegasPosted
  • Posts 43
  • Votes 34
Quote from @KC Pake:
Quote from @Kristin Vegas:

Hi everyone! I currently own a property worth 60k in illinois. i been talking with few lenders because i want to cash out refinace my property. I haven't had success.  Do you guys know if is possible to cash out refinance a property worth that price? if so can you name some banks or lenders that can help me out.

hi thanks for responding! yes im looking to borrow around 75k to 80k max. if you know some lenders u can refer me, i will appreciate it 

Greetings Kristin! How much money are you looking to borrow?  There are other options besides tapping into your equity.  Let me know what you are looking for and I'll try to point you in the right direction.

R/
KC