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All Forum Posts by: Rich Wilken

Rich Wilken has started 7 posts and replied 38 times.

Post: In Chicago intil Sunday

Rich Wilken
Pro Member
Posted
  • Investor
  • Antioch, IL
  • Posts 41
  • Votes 12

@Ryan Wessel I'm in Colorado this weekend but would have loved to connect.

Post: Springfield Illinois - Gc-contractor

Rich Wilken
Pro Member
Posted
  • Investor
  • Antioch, IL
  • Posts 41
  • Votes 12

@Ray Schumacher get on Facebook and join a Springfield Buy Sell Trade group. Ask for recommendations.

Post: Home Possible Loan questions

Rich Wilken
Pro Member
Posted
  • Investor
  • Antioch, IL
  • Posts 41
  • Votes 12

Is the Home Possible income figured on gross income earned or on net taxable income?

Post: In a lose- lose situation and need advise!

Rich Wilken
Pro Member
Posted
  • Investor
  • Antioch, IL
  • Posts 41
  • Votes 12

@Walker Kirkikis cash them out. Put cash in their hand. Let them sign a document saying they waive their rights to the lease and they want to terminate it and you accept.

Post: Average Net Cash Flow ? (Per door)

Rich Wilken
Pro Member
Posted
  • Investor
  • Antioch, IL
  • Posts 41
  • Votes 12

@Nate Sanow we are anywhere between $800 and $1100 per door in positive net cashflow. We put 20-25% down, complete repairs out of pocket, and refinance everything back out into 30 year loans.

Post: JUST LISTED! BEAUTIFULLLLL!!! :) I'M IN LOVE.

Rich Wilken
Pro Member
Posted
  • Investor
  • Antioch, IL
  • Posts 41
  • Votes 12
@Kath Marie looks great!

Post: JUST LISTED! BEAUTIFULLLLL!!! :) I'M IN LOVE.

Rich Wilken
Pro Member
Posted
  • Investor
  • Antioch, IL
  • Posts 41
  • Votes 12
@Kath Marie looks great! What suburb or in the city?

Post: Florida License Reciprocity

Rich Wilken
Pro Member
Posted
  • Investor
  • Antioch, IL
  • Posts 41
  • Votes 12

Thanks!

Post: Florida License Reciprocity

Rich Wilken
Pro Member
Posted
  • Investor
  • Antioch, IL
  • Posts 41
  • Votes 12

Thanks Caleb. Although I do love Destin, the majority of the work will most likely happen along the Treasure Coast. I plan to get Florida Sales Associate license, and then Broker license. 

Post: Florida License Reciprocity

Rich Wilken
Pro Member
Posted
  • Investor
  • Antioch, IL
  • Posts 41
  • Votes 12

I was told when I challenge the test at Pearson Vue I can select to only take the Fl portion. The folks at the state licensing agency also answer the phone. You'll never get that in Illinois. Regardless, good info here.