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All Forum Posts by: Patrick Everett

Patrick Everett has started 5 posts and replied 9 times.

Post: help understanding a cash-out refi

Patrick EverettPosted
  • Chicago, IL
  • Posts 9
  • Votes 0
hello I want to get a better understanding of how a cash-out refi works. if I have a property that is paid in full and I paid $100k in cash for it this year, if I were to do a cash-out refi on this property for 75% and get $75k back....when does this $75k have to be repaid back to the bank? what is the usual interest rate on a cash-out refi? how soon after I initial closed on the property for $100k can I do a cash-out refi? thanks Patrick

Hello,

I'm new to the Real Estate game and want to put my time in to learn the business. I'm interested in flips, wholesaling, multi-unit, SFH's, ect. Does anyone need additional help with general labor, rehabs, showings, general errands in the real estate business? I'm frequent in the Milwaukee area on a weekly basis.

Patrick

Post: Chicago Meetup

Patrick EverettPosted
  • Chicago, IL
  • Posts 9
  • Votes 0

Hello Brie,

I'm interested in attending your next meetup.  Do I need to register?

Patrick

Post: newbie looking to help

Patrick EverettPosted
  • Chicago, IL
  • Posts 9
  • Votes 0

Hello,

I'm new to the Real Estate game and want to put my time in to learn the business. I'm interested in flips, wholesaling, multi-unit, SFH's, ect. Does anyone need additional help with general labor, rehabs, showings, general errands in the real estate business? I'm located in the Lincoln Park area and frequently travel the Chicagoland/Milwaukee area on a weekly basis.

Patrick

Andrew, great to meet you.  Awesome write-up.  I'm also new to the real estate game and want to learn the process.  I'm also thinking that a turnkey solution might be my first investment.  Keep in touch how things go for you.  Have you isolated a Turnkey firm that you are looking to work with?

Patrick

Post: Chicago Action Investors 5/7/16

Patrick EverettPosted
  • Chicago, IL
  • Posts 9
  • Votes 0

Hello,

I'm interested in joining the Chicago Action Group.   What is next step to get involved with this group?

Patrick

Post: TurnKey Options in Chicago?

Patrick EverettPosted
  • Chicago, IL
  • Posts 9
  • Votes 0

Hello

can anyone recommend a good Real Estate TurnKey solution to get into the Buy & Hold business for multi-family units?

Patrick

Post: Chicago suburbs

Patrick EverettPosted
  • Chicago, IL
  • Posts 9
  • Votes 0

Hello, Payal....have you had any luck gathering information on the Chicago market?    I can be of assistance if you need anything.  I from and currently live in Chicago.

Patrick

Post: Looking for Networking Opportunities?

Patrick EverettPosted
  • Chicago, IL
  • Posts 9
  • Votes 0

Hello,  I want to make the next step.  I want to meet new people, learn from them and then hustle to build my real estate portfolio!  My wife and I have decided the time is now.  With her 14yr experience in condo property management with a Chicago portfolio, we have decided to capitalize on that knowledge to build our own portfolio through buy & hold opportunities, specifically multi-unit properties.   As we start this endeavor, we are also interested in meeting with investors & exploring real estate syndication opportunities.

Patrick