All Forum Posts by: Nichole B.

Wow. Just last month I was told 6.5% over 20-25 yrs on approx. $30k for a condo unit (I think 10-12 condos in the building).  Small local bank.

K-Thank U-Next!

Information about speaker/topic will be added in a comment below, soon. 

General Information: 

** Menu Options **
Tony Roma's $8.88 lunch menu will be available to order from, as well as the regular dinner menu.

Please also expect a charge of $2.00 to $4.00 to be added to your tab for a meeting room charge. Tony Roma's/The Chateau does charge us a room charge of $50.00 which we ask the members/guests to help us cover. For instance, if we have 20 members/guests present, they will add $2.50 per person to our tabs. So the more guests we have, the less we each pay for the room. Many members have commented that the information gained at a meeting is well worth the upcharge for the room. We greatly appreciate your contribution, to help us have this nice location to meet at!

Register 2 ways: 

Meetup: (link will be added in a comment below, soon)

Facebook: https://www.facebook.com/events/629129677501137/

Andrew Timms from Illinois Rental Owners Association (IRPOA) will grace us with his presence to discuss legislative issues going on that affect your business, and how YOU can impact the outcome! Andrew will discuss IRPOA and how your membership helps, as well! 

** Menu Options **
Tony Roma's $8.88 lunch menu will be available to order from, in addition to their regular dinner menu.

Please register for this event here at Meetup https://www.meetup.com/Central-Illinois-REI/events/260659448/

or on Facebook: https://www.facebook.com/events/2326762957570888/ 

Please also expect a charge of $2.00 to $4.00 to be added to your tab for a meeting room charge. Tony Roma's/The Chateau does charge us a room charge of $50.00 which we ask the members/guests to help us cover. For instance, if we have 20 members/guests present, they will add $2.50 per person to our tabs. So the more guests we have, the less we each pay for the room. 

Many members have commented that the information gained at a meeting is well worth the upcharge for the room. We greatly appreciate your contribution, to help us have this nice location to meet at!

I hope you get that taken care of! 
I could have had that situation, but I dodged a bullet. Showed a unit to a woman, her husband, and their toddler who were moving to the area from out of state. Kind of weird b/c they were actually going to be working 45 minutes away.  She liked the unit and said she wanted to apply. I sent her the link for application/background check, and reminded her that her husband would also need to apply and complete the background check. Late that evening, she applied online, and told me via e-mail that only she would be applying, because it seems at some point in the 4 hours between showing and her e-mail, her husband decided to live somewhere else.  Um, yeah, right.

Join us for a casual discussion about real estate investing questions! Bring your questions, bring your deals, and share your knowledge!

Please RSVP here: https://www.meetup.com/Central-Illinois-REI/events/ktjnqqyzfbqb/ 

Dinner and drinks are available at your expense.  Tony Roma's will make their $8.88 lunch menu available for us to order from, in addition to their regular dinner menu.

Please also expect a charge of $2.00 to $4.00 to be added to your tab for a meeting room charge. Tony Roma's/The Chateau does charge us a room charge of $50.00 which we ask the members/guests to help us cover. For instance, if we have 20 members/guests present, they will add $2.50 per person to our tabs. So the more guests we have, the less we each pay for the room. 

Many members have commented that the information gained at a meeting is well worth the small upcharge for the room. We greatly appreciate your contribution, to help us have this nice location to meet at!

You've probably heard of the term wholesaling. The gurus pitch it as a no money down option and minimal work to start raking in smaller chunks of change. It can be an intimidating process because wholesaling involves mailer campaigns, sales, contracts, estimating rehabs and so much more.

For the month of February we will be having local real estate investor Jeff Baer share his experience regarding wholesaling and how he makes it work for him. Jeff founded CU Home Buyers and has been investing for years in the local market. His company employs many strategies from rentals, to lease-options, and one of Jeff's favorites, wholesaling. From the days when he was sending out his own mailer campaigns by hand he now employs a small crew of people to handle the day to day operations and keep the business moving forward.

At its core basics wholesaling usually involves putting together a contract to buy a property and then assigning (selling) the contract to another buyer. The second buyer is the one that actually puts up the large chunk of change to purchase the property while paying you your fee for selling the contract to them. Jeff will be able to talk through his approach, the ins and outs of wholesaling, and answer questions you may have about the strategy. It should be a great informational crash course into the wholesaling strategy.

Please Note: 

• A nominal fee of approximately $1-2 will be added to your restaurant/bar check to help cover the room charge. 
• MCALA Board Members will be meeting in this room until 6:15 PM. If you arrive early, please hang out at the bar or hotel lobby until the doors open.

I think it's a really good idea to leave mgmt fee in your calculations, even if you are self-managing. I just bought my first unit last fall, and thought I'd manage it myself.  As it turns out, I get a little anxiety dealing with potential clients, so after my first showing, I turned my condo over to a property manager.  Since I had already budgeted for that, it was fine - I'm still cashflowing, and someone else gets to deal with screening tenants and tenant issues. I don't regret it one bit, but I might try to self-manage the next one.
 

I'm currently working full time, and just don't want to have that extra stress.  

Sign up here: Meetup Registration

Ryan Christensen is back! The room will surely be full, as it always is when Ryan presents!

If you've met Ryan, you know that you want to absorb all he has to share. Most of us just dream of it.... But Ryan truly has made a career out of real estate investing.

Bring your note pad and be ready to learn, as Ryan talks about how and where to find deals, and then how to evaluate the deals. Ryan will show you if a deal really is a deal!

Meeting in "The Lincoln Room" 6:00 pm arrival to get signed in and order dinner, 6:30 start time. 

6:00 pm arrival starts to get signed in and order dinner, 6:30 start time

** Menu Options **
Dinner/Drinks are available at your expense. Tony Roma's has made their $8.88 lunch menu available to us for this meeting, but you may also order from the regular dinner menu. 

I know this is an old thread, but thanks for all of the information.  :-) 

LOCATION UPDATED: We will be meeting in the Lincoln Room at The Chateau (formerly Jumer's), located at 1621 Jumer Drive in Bloomington, Illinois...  Sorry - BP won't let me  revise the location, that I can tell (just the event time). 

Hope to see you there!