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All Forum Posts by: Missy Mercer

Missy Mercer has started 1 posts and replied 10 times.

Post: Why is getting started so hard?!?

Missy MercerPosted
  • Chicago, IL
  • Posts 10
  • Votes 1
@Nelly R. I just went to my first REI meeting and there were a couple realtors there. I would try to build up a network of realtors then interview each one. You need to interview the realtor to make sure they fit your needs. I would not use a "cookie cutter" realtor who fits you in with normal home buyers. I just went through the same thing myself but with using OPM.
@Joe Kasprzyk Have you been to an REI meetup yet? I am going to my first one in the Chicago area on Monday, Nov 19th, to network with REI professionals from the multifamily meetup group. This would be a great way to get inspired and gain some REI knowledge.

Post: Investment Club, Syndication or Individual Loans

Missy MercerPosted
  • Chicago, IL
  • Posts 10
  • Votes 1

Thank you Alina. I may have more investers in the near future. 

Post: Investment Club, Syndication or Individual Loans

Missy MercerPosted
  • Chicago, IL
  • Posts 10
  • Votes 1

Thank you Alina.

Post: Investment Club, Syndication or Individual Loans

Missy MercerPosted
  • Chicago, IL
  • Posts 10
  • Votes 1

Newbie and starting a jv with an invester. He appears to be legal saavy and we split 50/50. I have no money down on my end but have at least 2 investers ($5000 each) that will provide some money (for repairs, etc) for my half of investment. We are bidding on 4 unit to 18 unit multis in Chicago area. Any direction to legally setup my investments would be appreciated. 

@Ken Nyczaj Totally inspirational for a newbie (like me). Thanks for the pics.

Post: Where to stash cash for short term?

Missy MercerPosted
  • Chicago, IL
  • Posts 10
  • Votes 1
@Jesse M. I am new at this but have listened to many BP podcasts with talk about self directed IRAs and have heard about solo 401Ks. Not sure how fast it takes to get your money, but I am looking at building my retirement anyway. Might be something to look at.

Post: Chicago REI Club Meetup

Missy MercerPosted
  • Chicago, IL
  • Posts 10
  • Votes 1
@Nicole Valenzuela Are the events always on Monday? I have evening classes on Monday and Tuesday.

Post: Chicago REI Club Meetup

Missy MercerPosted
  • Chicago, IL
  • Posts 10
  • Votes 1
@Nicole Valenzuela Please add me to your email list. [email protected] Thanks Missy Mercer
@Scott Trench I used to work at Home Depot and they have a Pro Desk. I would say talk to an experienced person in that department first at your local Home Depot. They can lead you in the right direction.