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All Forum Posts by: Mike Nickles

Mike Nickles has started 19 posts and replied 39 times.

Post: contracts.

Mike NicklesPosted
  • Real Estate Broker
  • Chicago, IL
  • Posts 39
  • Votes 7

Glad Bob chimed in. Thanks for reaching out. I allow the deal to dictate, and right now with real estate I am focusing on my agency game. If you have cosmetic jobs in the SW burbs to WS let me know tho - I have one or two people looking for a fix/flip opp. Thank you, sir.

Post: Need JV Partner for rehab project

Mike NicklesPosted
  • Real Estate Broker
  • Chicago, IL
  • Posts 39
  • Votes 7

Up to $135,000 is the investment amount we are seeking. Actual ARV is 700-725k, and we expect to sell very close to that, and payout will be an equal percentage ROI regardless of dollars invested. Project is 65% complete, and we are seeking a partner to invest passively and collect 16%+ROI at completion, which is less than 4 months away. This property is not on the market yet, although we expect to ramp end buyer marketing efforts within 2-3 weeks. Please check the link to the e-flyer, and call the investor, Mehdi directly at 773.909.1206.

Link: E-Flyer

Post: contracts.

Mike NicklesPosted
  • Real Estate Broker
  • Chicago, IL
  • Posts 39
  • Votes 7

@Malome Taylor

sending you a message as I cannot post contact info here.

Post: Direct Mail: I'm mailing 600 homes surrounding my wife's college

Mike NicklesPosted
  • Real Estate Broker
  • Chicago, IL
  • Posts 39
  • Votes 7

Great I will check jerry out...also thanks for clearing up TMOL lol

Post: Direct Mail: I'm mailing 600 homes surrounding my wife's college

Mike NicklesPosted
  • Real Estate Broker
  • Chicago, IL
  • Posts 39
  • Votes 7

Wow 4 calls after one mailing? What is the language and type of the mailer? I like the campus idea. Would love to hear more about your marketing strategy. Thanks for sharing!

Post: Need off-market Chicago Condos

Mike NicklesPosted
  • Real Estate Broker
  • Chicago, IL
  • Posts 39
  • Votes 7

James, this is actually for a partner of mine's client. Just reached out to me to see what we can find. Nick, good question, but I guess not too strict. I'd aim for 8 and up, but he might even pick up for less. Think he just wants to get some exchange aquisitions. If you have anything, send it. I'm not taking a cut here, just referring. Thanks, guys.

Post: Looking For An Agent In Paris, Illinois

Mike NicklesPosted
  • Real Estate Broker
  • Chicago, IL
  • Posts 39
  • Votes 7

Mitch,

Didn't even know there was a Paris, IL. If you need a physical body there, I probably can't help, but won't discount completely...I'm in Chicago, about 200 miles north. May be able to at least network out. What do you need help with exactly?

Post: Need off-market Chicago Condos

Mike NicklesPosted
  • Real Estate Broker
  • Chicago, IL
  • Posts 39
  • Votes 7

Got inventory? I have a buyer looking to acquire rentable/rented condos (only) in Chicago and/or suburbs. Need equity, and investor is looking to spend 4mm, so please send any and all, and lets see what we can get done. Thanks.

Post: Any advice on gaining access to the MLS? Belleville, IL.

Mike NicklesPosted
  • Real Estate Broker
  • Chicago, IL
  • Posts 39
  • Votes 7

Ryan,

Makes great sense to me, and looks like we are parallel in terms of where we're at and what we're looking to do. Regarding the study course, I went through Real Estate Institute based in Skokie/Niles. It is a self-study course with a book, and they give you an outline on chapters to study before taking a unit test (their units don't have the same chronological order as the book goes). You also have to attend a handful of live classes, but you can do that as a webinar--they actually feed the video from the live class, and it is quite interactive. This makes it convenient to avoid travel.

 I found it helpful to create flash cards for terms and principles with the full descriptions on back. I didn't do this for all of the chapters, but definitely ones dealing with ownership types, contracts, etc, and I made around 100 cards. Definitely helpful. I believe the key, though, for the state test (because it is very different), it was helpful to know the material well enough to understand situations practically, then using what you know, figure out the answer/solution. The biggest tip I can give you, though, is schedule about 1-2 hours per day and go through a chapter per day. Once you get through the chapter, review the information and the practice tests before taking the unit exam. Using that method, I was able to knock out everything in 2 months or so. Passed the state on the first try. Good luck!

Post: newbie who's trying to learn investig

Mike NicklesPosted
  • Real Estate Broker
  • Chicago, IL
  • Posts 39
  • Votes 7

Good tips from Vishal--look into the "learn" tab and start crackin'! Figure out what avenue you'd like to go down, depending on how much capital you have on hand. I'd suggest checking meetup.com or the app and find out what REI groups are out there, when they meet up, and how to attend. Further--no need to attend groups that charge a lot of money to attend nor pay huge sums to go to weekend boot camps. I've definitely done a boot camp and don't regret it, but I can say that besides getting me hyped up to continue, the information isn't much different than you'll find here on BP.

Oh yes--the podcast is a great way to hear stories and methods of people just like you and me...I'd also suggest other podcasts for personal development, entrepreneurship, etc. I believe Jim Rohn said, and I may be paraprhrasing, "Your level of success will only be as great as your level of personal development." Good luck!