All Forum Posts by: May Aunaetitrakul

@Nicholas Sheridan, Jr.

Wow, congratulations! It’s so nice to see good news. Good luck.

Hey Tevin, Welcome to the team! I’m a realtor in the area so let me know if you ever have question about buying a property. I know you’re not planning until next year but it is always a good idea to familiarize yourself with the process and even some neighborhoods. Let me know how I can help.

Ryan Fox Are you having an appraisal done too? Hope those issues aren’t too expensive to fix.

Hi AK, Wow! Reading your experience was quite a pleasure. I think your idea of getting into multi-family units sounds great. Most of the investors I know end up getting into MFH eventually...especially if you can get a 3 or 4 flat. As a fellow user at BP and a Realtor, I’d love to offer you some comps that you might find helpful. Have you thought about some Southside suburbs or even some areas in the city?

Hey Ryan, Are you in the area? I was going to recommend you drive around especially night time to get better feel for it. I used to live not so far away and it is like others in this forum said...it really depends on the block. 63rd is a busy street and there are plenty of buses around so commute isn’t so bad either. I can run some comps for you if you’d like!

Karina, Congratulations on taking steps towards real estate investment and finishing college! It is never too early or too late to get started. I’m a local Realtor so I’d be more than happy to share my knowledge with you. From my experience working with investors, it is always a good idea to invest in multi-unit family homes. But we have been getting more investors putting money towards condos in downtown area as well lately. It really depends on your style and how much returns you’re expecting from your investment. Have you decided how you’d like to finance for the properties? It might be good to speak with a banker so they can run the numbers for you. Cash deals are good too and can give you an advantage over mortgage financing.

Nice! Would love to hear updates on how you will keep building your empire. It's greatly inspirational. Thank you for sharing.

Hi Greg, Congratulations on deciding to buy your first property! It is vey tough to find 2 flats for $200K-$250K in Avondale and Logan Square. They are usually gone within 1-2 weeks with multiple offers from my experience. But it is doable if you wait for the right one to come by. Have you talked to a lender who can help you with financing? 203K will involve extra steps of finding and having reliable contractors bid on the project. It can take months to complete depending on the conditions. Are you in a rush to move or planning to live in one of the units? Let me know if you have any question. Happy to assist in anyway I can as a local Realtor.

Hi,

I usually work in the city of Chicago. Wondering if anyone has experience with Lockport area as an investor or know someone who might. Have a potential seller wanting to sell a 2 bed 1 bath single family home with a vacant lot next door for about $38K-$42K. Would love any feedback.

Great share! I always enjoy looking at costs breakdown. Awesome down payment too. If you can get the deal, I'd say go for it as well. I know many investors would like to get more return for their money but it sounds to me that you got a great property in a wonderful location. How is it on the inside and appliances? I assume it is move-in ready and that you don't need to update or do works to it. You may be able to increase rent if you add value to the property too.