All Forum Posts by: Scott R.

Hello all. I have been spending almost a year now researching the best strategies in REI. I have a pretty large sum of capital and I am looking to learn as much as I possibly can. Recently, I have been looking into Non-Performing Notes as an investment option. I feel I understand the basic concept of the strategy. You acquire the NPN at 30-50% of the collateral (house) value and attempt to either get the buyer back on track in order to flip the loan as a performing loan or foreclosure if the borrower is non-compliant. I would love to connect with any and all investors in this asset class as there is a wide variety of both positive and negative opinions on the strategy. Thanks!

Hello all,

I am currently looking into potentially investing 15-25 init apartment properties on Chicagos south side. The cap rates are extremely high across the board in this area (ranging from 8% to 12%). To put it simply, I am looking for what the "catch" is. Now I am aware of the high crime rates and the low income of potential tenants but I am wondering what other risks come along with owning apartments on the south side. Are high vacancies common? Would appreciate any advice from investors or anyone familiar with south side Chicago real estate market. 

Thanks