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All Forum Posts by: Ree Rolle

Ree Rolle has started 4 posts and replied 17 times.

Post: Showing that you have a good deal

Ree RollePosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 17
  • Votes 9

@Taylor L.

Then I will keep trying with different lenders. I will also consider doing an FHA owner occupied loan if I have too. The goal is to go in 100% financed.

Post: Showing that you have a good deal

Ree RollePosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 17
  • Votes 9

@Bill Plymouth

I am still learning the market but I do have some knowledge. I am familiar with opportunity zones in my city. There is so much more to learn than that though.

Post: Showing that you have a good deal

Ree RollePosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 17
  • Votes 9

@Taylor L.

What's in it for them would be the interest terms and points paid back. It's an investment for both parties really. I will have done the BRRRR method and they will have made interest on the xxxx amount.

Also, I have been studying real estate for the last 2 years now and have really taken off in the last couple of months. I have been studying opportunity zones in Chicago and I’m confident on what areas are really appreciating in value right now.

Good questions though! What other type of questions?

Post: Showing that you have a good deal

Ree RollePosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 17
  • Votes 9

@David Abbate yes I know that’s why I’m asking these questions so that I can have an idea of what direction I need to take. I have some insight on the financial part. I am slowly beginning to learn the market here in Chicago.

When learning the market what exactly am I learning? I’m familiar with what areas are A-F, but I’m sure it’s much more to that.

Post: How do I calculate rehab costs?

Ree RollePosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 17
  • Votes 9

@Dalton Dellinger wow I didn’t realize to study the materials. Good info I will start doing that!

Post: Showing that you have a good deal

Ree RollePosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 17
  • Votes 9

I want to get into real estate ASAP so I am looking for deals to put together to present to some private lenders (family members). Do you all have any tips I can use when gathering and presenting my deal??

Post: How do I calculate rehab costs?

Ree RollePosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 17
  • Votes 9

Hey,

I’m looking to buy my first duplex and I’m trying to figure the costs for rehabbing in my area. I don’t have a specific property as I’m browsing and trying to see what’s a good deal/ bad deal. But I’m having a hard time when calculating the rehab costs. Are the websites where I can get this information?