All Forum Posts by: Greg Rutkowski

 THANK YOU! That is exactly what I am looking for!

Corrrect. But I'm looking for the actual ratio number of what is consider over leveraged. 

Hi @David Dachtera

Flip-to-hold in terms of: I flip properties and hold them for long term cash flow. 

When I speak of over-leveraged I am talking bigger picture (my portfolio as a whole). 

What is Considered Being "Over-Leveraged" in Real Estate Terms?

With all of the different financing options out there, I was curious as to what would be consider being over-leveraged for a Flip-to-Hold strategy? 

I know that there are many variables to this, but it there a good or safe rule of thumb to go by when you are expanding your RE portfolio?

The savvy investor will tell you one thing, the lender will tell you another, and the agent will tell you another. What is your expert opinion?

Do you guys know any good portfolio lenders near the Chicago area?

Not sure if I am beating a dead horse here but I will shoot from the hip anyway as I couldn't answer my question by reading other discussions...

2 part question.

What is the best way to structure a private loan for a flip-and-hold strategy?

Explanation: My partner and I plan to use private money to buy properties at auction and wholesale. We will use our own money to renovate, and pay back the loan after doing a cash-out refinance when the reno is complete. 

and

What are common channels to use to seek a cash-out refinance? 

Explanation: We have maxed out our conventional lending capabilities and are looking for other channels for longer term financing. i.e. Portfolio loans or umbrella loans. 

Budget is 400k, HOA under 600, taxes under 5k.

Dropping by to say hello BP!

A little about me:

Employee, Investor, and Entrepreneur.

I currently live in Chicago and focus my investing activities in the Northwest suburbs.

When I was in high school and college, I used to build million dollar houses as a carpenter before the housing bust... So I went to college instead of pursuing real estate and now I'm a full-time employee for a civil engineering firm pursuing real estate on the side. I really like my job and enjoy the work. It enables me to have decent lifestyle and save a little money for future real estate deals. RE works for me because I can earn extra income on the side without having too much of an impact on my daily life. 

I've done five flip-to-hold investments with my best friend (who is now my business partner) and am in the beginning stages of starting a property management company to help manage them. I couldn't find anyone that met my standards so I started my own company instead.

I am also moving forward with getting my brokers license for fun. 

I like simplicity and I like automation. If anyone has any cool ways to make those difficult things in life more automated let me know!

At the moment, my business partner and I are looking for creative lending relationships for our flip-to-hold strategy. And will be taking on new clients in the near future for our property management company. 

If you are near Chicago and want to meet up for coffee or a drink let me know. I love talking about all of the above topics. I'd also like to see if we can form a strategic relationship or create some value together.  

See you in the forums.

Greg Rutkowski

Hey BP,

I just wanted to let any Chicago investors know that I am in the market to buy a 2 Bedroom, 1.5 Bath unit in the South Loop for my own personal residence. 

The reason why I have turned to BP is because the MLS is pretty weak right now and if there any investors out there that have a 2 Bed in the South Loop that they would like to unload, I am your guy.

Let me know if you have a unit you would like to sell me. I am a qualified buyer than can get conventional financing, but I wouldn't mind getting creative.