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All Forum Posts by: Kumar Paj

Kumar Paj has started 24 posts and replied 181 times.

Post: Best areas to invest around Chicago??

Kumar PajPosted
  • Real Estate Agent
  • naperville, IL
  • Posts 193
  • Votes 53

Thanks Trevor. I like Sokie but never thought about it from investment perspective due to higher price point perception. 

Jaimie: thanks for your note. I think, Aurora works better for me, I just completed two projects and it worked out very well (Cash on Cash > 20%). I am looking for more deals like that but obviously not easy to find.

Would you mind some specifics of your recent projects?

Thanks! 

Post: Best areas to invest around Chicago??

Kumar PajPosted
  • Real Estate Agent
  • naperville, IL
  • Posts 193
  • Votes 53

Thanks Nathan!

Can you share some more info with regard to what particular areas in Joilet are good/safe and which areas to avoid?

Post: Best areas to invest around Chicago??

Kumar PajPosted
  • Real Estate Agent
  • naperville, IL
  • Posts 193
  • Votes 53
Thanks Jeff! I agree with your comment on Bolingbrook and Romeoville, just saw two properties in Bolingbrook that shows good numbers but couldn't convenience myself from neighborhood perspective.. Joliet looks attractive too but I don't see any upside....?????

Post: Best areas to invest around Chicago??

Kumar PajPosted
  • Real Estate Agent
  • naperville, IL
  • Posts 193
  • Votes 53

I have been an active investor/landlord  in Western Suburbs in Chicago with rental properties in A/B class neighborhoods like Glendale Heights, Wheaton, Glen Ellyn and Downers Grove. However, good deals are drying up and I am planning to open myself for some other areas with more attractive price/cash flow properties. 

Having said that, I was wondering about the good/attractive areas (from investment perspective) such as  Blue Island, Orland Park, Tinley Park, Oak Forest, Shorewood, Crest Hill, Lockport, Yorkville, Plainfield, Romeoville, Bolingbrook.  Any thoughts????

I do work with Section-8 tenants and okay with lower-mid class areas but for sure want to avoid any c-class tenant and issues related to that.

I would appreciate BP members views on these areas and if there are and red flags.

Please share your views, experience and thoughts....

Thanks!

Post: SDIRA-LLC -Custodian Reviews

Kumar PajPosted
  • Real Estate Agent
  • naperville, IL
  • Posts 193
  • Votes 53

Thanks everyone for your inputs..

there are couple of good videos on YouTube that explains this in great detail....

Post: SDIRA-LLC -Custodian Reviews

Kumar PajPosted
  • Real Estate Agent
  • naperville, IL
  • Posts 193
  • Votes 53

Thanks Brian!!

So you meant to say Custodians i.e. who holds the money and the Service Provider i.e. who offer different options- IRA-LLC are TWO DIFFERENT entities? Does it mean that I will need two work with two separate companies?? very confusing.....

Post: SDIRA-LLC -Custodian Reviews

Kumar PajPosted
  • Real Estate Agent
  • naperville, IL
  • Posts 193
  • Votes 53

Hi,

I know this topic has been discussed several times but I was having hard time to come the conclusion about the right SDIRA Custodian selection. I am in process of rolling over my and my wife's 401K with our previous employers and establish a LLC owned by both the IRAs. Here is the list I put together which can be a good starting point.

1. Entrust  

2. Equity Trust

3. Pensco

4. Sterling

5. UDirect

6. Asset Exchange Strategies

7. American Pension Services

8. Guidant

9. Next Generation Trust Services

10. Sense Financial.com

11. IRA Services Trust Company

I would appreciate recommendations and reviews from BP members to help me select the right Checkbook Controlled Self-Directed IRA company. Would be helpful (to me and many others) if you guys can give some ratings (let's say 5 for the best/strong recommendation and 1 for worst/must avoid.

Thank you in advance!!!

Post: INTERESTED?? New Meet Up Group for NW Suburban Chicagoland

Kumar PajPosted
  • Real Estate Agent
  • naperville, IL
  • Posts 193
  • Votes 53

Would love to attend but not in the town on 14th, may be next time...

Good Luck and Happy Investing!!!

Post: Buyers in Chicagoland Area

Kumar PajPosted
  • Real Estate Agent
  • naperville, IL
  • Posts 193
  • Votes 53

Please PM me with any good properties (ONLY Off market or the properties that are NOT on MLS) if you have in Western suburbs.....I am open to anything upto $150K

Post: Hey! I am new to Bigger Pockets!

Kumar PajPosted
  • Real Estate Agent
  • naperville, IL
  • Posts 193
  • Votes 53

Welcome to BP...you will find lots of information and resources here...and the best part is..BP members are very helpful..so you will find what you are looking for...

Good luck!