All Forum Posts by: Kyle Stoltz

Skip Gilliam sounds good, good luck.

Sorry Dillon Bell

Thanks for the feedback Dillion. The tenants have been there for 8 years and 4 months into a 2 year lease. They sound very happy there. I own 5 food franchises as well so, so far haven't touched the money I make in real estate right now so have good reserve. About maintenance I would 100% get a home inspection if I plan on moving forward with this opportunity.

Are you interested in non local markets? If so let's have a quick chat. The market I would be presenting is Chicagoland area and there are some great cash flowing properties here.

Tricia I'm not using either of those websites. My experience most foreclosures need decent amount of repairs and that would lower my ROI as then need to put more cash into the deals. If I was flipping properties then I would absolutely look more into foreclosures, but right now just holding properties. I just know a ton of investors in the area so I'm constantly networking. The deal in McHenry was an older investor who was retiring as he's 80 so unloading his inventory.

I will be managing this property myself. I have 4 other properties that I manage as well. I don't mind managing them it helps me learn. If anyone is interested in talking I would be willing to possibly partner up on this one. Can't always do everything on my own.

What are you're guys thoughts on this deal?

I've also found a deal just like this in McHenry too, which is not a bad area at all. I missed that one but like a day, around two weeks ago. That actually had around a 56% ROI. I was a bird dog for a very big investor so just good at finding good deals.

It's located in Zion.

First of all I'm new to BP and I'm an investor in Chicago. I've bought 4 properties in 6 months and this will most likely be my 5th, but thought why not get BP feedback on it. Sale Price: 58k Taxes: $1,951 Rent: 1,100 (tenants already in it). If I put 25% down I show an ROI of 43%. It's in a middle class suburb of Chicago. What do you think BP?