All Forum Posts by: Mary Derman

Check out this clients second story addition going up in Riverside, IL! This team really knows how to crush it!

@Steve Vaughan - Thanks for your kind words on the filp. As investors and agents, we are VERY familiar with the risks associated with rehabbing. We treat a client's rehab with just as much concern as our own because we know the struggles associated with the process. In the end, putting our gorgeous rehab on the MLS is worth EVERY PENNY we are paying out in commission - the 2.5% because our brokerage is very investor friendly. Paying commissions for a low market time = ultimate success and higher profits! No profits lost here :)

Thanks @Marcin Chojnacki! This project was great and only happened with the assistance of our realtor team!

An economy recovering from a recession, crippling student debt, and an overly competitive job market are just a few of the things to list when naming the struggles millennials are facing in their early lives. Never before has a generation had to deal with the economic consequences of a previous generation like the millennials. Most millennials in their early to mid-twenties are coming out of college with no job opportunities available in the immediate future and the pressure to pay back student debt is ever looming. For these reasons and more the need to start saving your money is now and for all of the younger generations the importance of saving early on especially in your early twenties has never been greater. For most students when they graduate college their average student loan can be a minimum of $35,000. This loan estimate is only accounting for students with a bachelor’s degree. Students who wish to pursue a higher degree down the line may be discouraged to do so because of the already crippling debt they have acquired which could end up reducing the amount of people willing to gain a higher degree due to the additional cost.

Although the millennials as well as many people around the globe are facing enormous amount of debt there are necessary steps that one should take to insure that they have financial security for their present and their future. First things first, if you haven’t already you need to start saving for a rainy day whether that be for an emergency with the house, car, and or family. Even if those three things don’t apply to you it’s still important to have money put aside just to fall back on, there’s countless things that could affect your life where a little extra cash wouldn’t hurt. A save number to accumulate would be somewhere in the ball park of $5,000. This is a reasonable number that one can easily acquire in 5-10 years if they put just even some of their pay check to the side each month. Secondly and maybe most importantly open an account and start saving for your retirement if you haven’t already. Time goes by quicker than you think and some day will be here before you know it and if you haven’t properly saved you could be working well into your seventies. The average age for retiring has steadily been increasing the past ten years which has to for a multitude of reasons some being the economic recession, real estate crash, student loans etc. For these reasons and many more saving early on has become a necessity if you want to thoroughly enjoy your golden years. Lastly, and this one applies to everyone as well, limit your consumer debt. Today’s consumers more so than ever before are prompted by a multitude of stores/industries to partake in their credit card programs. Most industries today even offer rewards with most of their cards to further encourage consumers to use them. While it can seem very alluring to put everything on your card this can be extremely risky. Unpaid charges can accumulate and carry over month to month sometimes going unnoticed. On top of the debt that can accumulate with consumer credit it can also leave a trail which can be seen by promising employers which in turn can ruin job opportunities.

If proper planning is taken into account early on and smart saving becomes the new norm more people can start resolving the piling debt they’re facing and or prepare for it. As I’ve said before this is an ever more increasing dilemma for millennials since they’re the ones facing the bulk of it. I’m confident that if they start saving now as well as increase their networking web to further job success, they’ll be properly equipped to tackle the issues confronting them.

@ Ryan 

@Ryan Mattson I would set up an account for your LLC and keep that separate. Your LLC will also offer you legal protection versus purchasing and doing business in your own name. I know prices int he Bay area are really high. I have inventory of cash flow rentals in the Chicago market that may interest you. Are you able to chat this week or beginning of next week?

@Amir Saeed I would furnish the house with appliances. The buyer always wants to minimize the cost of buying a home, and while a credit can help offset the cost they will still have to front the cash to buy the appliances. The more turn-key the property, the faster and easier it is to sell.

Being an entrepreneur in today’s tech-crazed society can be a little daunting at times. It’s very easy to get swept up into the craze and use social media specifically for its intended purpose, to connect with friends and family whenever/wherever. As I have noticed along with many others social media has the potential to be and is so much more. Social media doesn’t just stop at connecting with friends and family, it can be used to promote yourself and your business. It can be used to promote anything really whether it be a holiday, a movement, or even a tweet advertising pop social media does it all. It can be a really effective and useful tool when it comes to growing your business as well as networking.Most business owners I know whether they be big or small use social media in some way for their business now. At just the click of a button, hundreds if not thousands of people can be informed about your business, promotions and or deals in seconds, and if they don’t see it the minute you post they’re bound to see it at some point as majority of people, specifically millennials spend almost two hours a day on social media sites. Social media is a powerful tool for the modern day businessman/woman but it can often times hinder a business’s performance instead of promoting it, you have to know how to use social media effectively. Spamming repeated posts daily about your business can leave your followers overwhelmed or even annoyed that you’re posting so much causing them to unfollow or mute you. The same can be said if your posts aren’t engaging enough.

The average person’s attention span is almost no better than that of a flies so if you want people to read your posts you have to make them engaging and interesting enough that people will want to read your stuff consistently. Lastly whatever page and or platform you decide to have a presence on you have to make your page/account attractive. Having a bunch of pictures/posts that have nothing to do with your business can detract your audience, they may be feeling confused or overwhelmed while on your page or might simply think you’re not worth looking into. Being able to connect with a plethora of people within your job sector is just one of the many benefits to having a presence on social media while at the same time creating more opportunities for your business to expand and gain notice is something all entrepreneurs should be striving to do if they’re not already. Having zero presence on the internet in today’s society is more of a hindrance than anything. More entrepreneurs need to start taking advantage of the benefits that social media has to offer, the results for your business/personal wealth may be small at first but given enough time and effort your presence on the internet can and will grow and your business is sure to progress because of it.

@Rolanda Eldridge yep, making sure it is to a point where people can have the vision is a good point! Thanks!!

@Jake Navarra definitely the kitchen but the bathrooms are just as, if not more, important to focus your rehab dollars. 

@Steve Cady I see that you are in the Chicagoland market - Brynn and I are licensed realtors and work in all of the surrounding Chicago markets. We literally have clients everywhere. We are not the realtors that set up our clients on auto searches from the MLS - everything is hand picked and sent out specifically....after it has been analyzed! Ultimately, if I would not buy the deal, I do not present it to a client. Perhaps we can set up a time to meet next week. We have an office in Roselle that we can meet at. Let me know what works for you. Tuesday after 12 is open for us.