All Forum Posts by: Tim O'Rourke

Hi all, I am new to investing in real estate and am looking for a group people to take this journey with. Anyone know of some people I should get in touch with?

--Tim

1 Vote

Chicago, Illinois

Hi, quick question. How much do you factor in the local rental market when judging a potential acquisition for BRRR?

0 Votes

Hi-what am I missing? If I bought land and put a modular home on it to rent out would that work. I know the devil is in the details so I'm thinking Kenosha County Wis, and a Clayton or Tru modular home that would work financially to generate a bit of cashflow after the mortgage is paid.

I'm sure I'm missing something bec the ppl I know both here on BP and IRL make sure to say they only do value added remodeling on homes.

Thanks for your help finding the pitfalls here!

Tim

p.s. I'm totally new to real estate investing and all that it entails. If you couldn't tell!

0 Votes

Thanks Dakota!

Originally posted by @Dakota Burkeen:

@Tim O'Rourke I recently used List Source for my last mail campaign. List Source allows you to refine your search in multiple different ways, so you can make sure you are only mailing to targeted prospects. It lets you choose your prospect's age, length of ownership, subdivision/street, owner occupied or absentee, and so on. Price wise I paid about $40 for 260 names and addresses. Hope this helps!

1 Vote

@joshua Ferrari

Thanks Joshua! Can you point me in the direction of a couple of those masterminds?

Originally posted by @Joshua Ferrari:

@Tim O'Rourke

I always found ListSource to be a great resource for finding off-market leads. Certain mastermind groups even offer discounted leads due to their high volume/business account. I've seen them as low as .01/lead as opposed to the standard .15/lead.

0 Votes

Hi all- Quick question. What company do you use to generate lists of potential owners to mail postcards/letters?

Thanks-Tim

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Hi all- quick question. What is a good way to estimate future costs when using the BRRR calculator to evaluate potential deals? I am wondering if there are industry norms to use when starting out (and I have no real world data)? For instance what is a reasonable figure for future vacancy expense, selling expense, future capex expense, ect.?

Thank you for your help!

Tim

0 Votes

Hi- I am wondering how much you look at marco market tends when deciding where to start your search for investment deals? For instance I would like to live near an investment property (or, depending on the strategy I employee, I will need to live near the property). But, I live in the northern suburbs of Chicago. Our taxes are high and ppl are leaving the state to move down south. If you do not mind me asking, how much would this trend effect your personal decision to invest in this neck of the woods?

I see lots of ppl where from Illinois and am wondering what you make with this trend?

Thanks in advance for your thoughts!

-Tim

1 Vote

Hi! Just wanted to say hello and i am very happy to join this community! Looking forward to learning with you all and providing information where I can. -- Tim O'Rourke

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Hi all,

New to BP. Is there a meetup tomorrow night?

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All Forum Posts by: Tim O'Rourke

Tim O'Rourke has started 8 posts and replied 11 times.

Post: Looking For Peope in The Chicagoland Area

Post: How Much Do you look At The Rental market Around A ...

Post: Have you considered buying land and putting modular homes on it?

Post: Where Do You Buy Your Marketing Lists?

Post: Where Do You Buy Your Marketing Lists?

Post: Where Do You Buy Your Marketing Lists?

Post: Newbie Question About the Calculators

Post: How Much Do You Personally Look at Macro Trends RE Market?

Post: Tim O'Rourke Introduction

Post: Chicago Meetup