All Forum Posts by: Robert Obniski

This is going to be my first SFR in the REI game and I understand curb appeal plays a big part.

I know painting the house would have the biggest effect however its not really budget friendly. 

Any ideas of how I can give some life to this property for minimal costs?

Thats awesome. I see you're in Naperville. Is that where your properties are located?

Im looking for cash flow numbers like yours but havent purchased any rentals in Chicago. I have one one in Wisconsin which is similar to what you have going on. Trying to get into rentals slowly. 

 Congrats! This is awesome to hear. Im pretty close to you. Do you go to any local meet ups? Id like to hear your story from the begining.

 Can you go into more detail?

Thanks everyone for the tips! 

I guess more of what im looking for is when something is being sold as is...what are some ways ask to lower the already accepted price?

I don't know where I heard this quote but it stuck with me...

Besides the laws of nature..Everything is negotiable in life.

Which brings me to my question...

I have a condo under contract that was a foreclosure and it is being sold as-is. 

I just came home from the inspection and had the thought run across my mind.. How can I try to lower the accepted price?

I'm not a seasoned negotiator or anything so I turned to BP to see what kind of skills have been tried before...

As for the inspection, a few things that stuck out... A/C calls for 20amp breaker..it has 30. Furnace needs cleaning and tune up..leaks small amount of monoxide. Small wet spot on ceiling from upper neighbors sink (Most likely)

Thanks in advance!

 Checked out redfin and their sytem and layout is easy to use. Thanks!

Im going to be looking into buying a duplex/triplex/4plex in the near future to be a live in owner. I havent looked into it too deeply but the regular websites i search through are difficult to navigate through when I am searching for a multi family specifically. 

What resources do some of you use to fine such properties?

 Very accurate and true statement.  

As for contractor account, I have set one up with home depot as it was the closest store to both properties and would match any product pricing I needed. As for paint, sherman williams said I need a actual contractor licence to get there discounts. I never thought much of it since while i was at the store buying everything an actual contractor was kind enough to let me buy it under his account. Why do you ask? Do you have some kind of connection I should know about?? ;)

Also I ahve been to 2 of the Chicago meet ups. Feburary and May. Each time I have come out with at least 1 connection so they are definitely a great thing for the community. Thanks @Brie Schmidt for everything you do in regards to that! (Also sorry I never got back to you when I said I was going to :/ )

 Yes! I agree, systems and models are key. Im trying to make them as fluid as possible but it's just the beginning. I just hate knowing that I know what I need to do and how to do it to make big returns but its all about finding the right property and getting it for the right price. After that, the entire process is pretty simple for me. Prioritize everything and execute, speed bump happens? Adapt. Obviously easier said than done ;) But thank you, sir. I appreciate the comments.