All Forum Posts by: Peter Thirawankanok

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*This link comes directly from our calculators, based on information input by the member who posted.

Hey BP Universe,

I want to reach out to locally to anyone that has first hand referrals for GCs, handyman, etc. that have worked out well. Im in the Schaumburg, IL area and will be investing around the area here.

I appreciate any assistance that you can provide.  Thank you!

I am looking to get some advice on finding lenders for fix-and-flip deals that I want to fund. What should I be looking for in a lender? What questions should I ask other than the obvious? (rates, fees, terms, LTV, etc) Does anyone have a lender they would recommend?

Most of the projects that I would be working on are range on a buy price between 75k to 150k, with ARVs in the 200k range.  As I am getting started, I'm looking at rehabs of less than 15k and hold times of less than 90 days. I am planning on doing on most of the cosmetic stuff myself and contracting out anything I am not proficient in. 

Any help would be nice.

Thank you!!!

Hello and Happy Weekend BiggerPockets,

I finished reading the "How to Invest in Real Estate" and started "The Book on Rental Property Investing", as well as listened to some BP podcasts and I want to start building my team.

My goal is to get a wholesale or fix-and-flip done by the end of June 2020, while I am complete my IL real estate licensing.  I hope to use the profit in order to fund more deals.  In the end, I want to focus on a portfolio 7-10 cash flowing rentals and turn my attention to real estate investing full time.

I would like to build a team of local agents to help me find deals and/or property managers for rentals, contractors to help get properties ready for a retail buyer or rental, a lawyer to make sure that everything is legit, and a couple lenders that will assist with financing.

I have been learning the areas of Streamwood, IL and Hanover Park, IL.  Anyone with experience in these areas or surrounding areas would be appreciated.

Thank you in advance and I look forward to connecting with everyone.

Peter

Hello and Happy Weekend BiggerPockets,

I finished reading the "How to Invest in Real Estate" and started "The Book on Rental Property Investing", as well as listened to some BP podcasts and I want to start building my team.

My goal is to get a wholesale or fix-and-flip done by the end of June 2020, while I am complete my IL real estate licensing.  I hope to use the profit in order to fund more deals.  In the end, I want to focus on a portfolio 7-10 cash flowing rentals and turn my attention to real estate investing full time.

I would like to build a team of local agents to help me find deals and/or property managers for rentals, contractors to help get properties ready for a retail buyer or rental, a lawyer to make sure that everything is legit, and a couple lenders that will assist with financing.

I have been learning the areas of Streamwood, IL and Hanover Park, IL.  Anyone with experience in these areas or surrounding areas would be appreciated.

Thank you in advance and I look forward to connecting with everyone.

Peter

Hello BiggerPockets Universe,

I am new investor learning to use the calculators to evaluate numbers.  I would welcome your opinions and feedback on this deal example.  Is there anything about this deal that would make it more appealing to a cash buyer?  Should I include what repairs I think should be complete?  

Thank you for stopping by!

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*This link comes directly from our calculators, based on information input by the member who posted.

@Alex Olson Is there an area in KC that you would suggest?  What types of investments do you see?

@Gary Carver I read about a lot of people get their in Michigan.  Landlord friendly a lot of inventory if I want flip or wholesale. 

@Gloria N Gear

Thanks for the input. I will be sure to leverage social media to get a better understanding of the marketplace.

@Jay Hinrichs @Greg H. @Matt Lyons

Thank you all for your insights.  A lot of good things here for me consider when evaluating a market.