All Forum Posts by: Sergii Khromchenko

Thanks a lot! Alex!

Hey everyone, recently heard one of podcasts, but can't remember what was the site where you could purchase a list of upcoming foreclosure actions in Dallas specifically, and other areas. I think it was something around 40$ per list. 

I would highly appreciate if someone could share the link.

Thanks

@Wesley Brown I like Trulia the most, because of it's friendly UI. Otherwise they all pretty much the same (Trulia, Zillow, Redfin etc). Loopnet on the other hand is mostly for a big boys. From giant to tiny multi units => one shoot for a first time house hackers (1-4 units).

Realtors will help you a lot if you know what you are looking for, they will create a filter on MLS and you will be getting all of the new stuff that is showing up on the market + they might point you to some of off the market deals.

Good luck with a search :)

 Hi Lumi, A cash flow is the most important factor for me. But i also look for a safe B-C area.

 Yeah, as i just mention in a previous comment i'm not familiar with those areas yet. Have you invest there? Is there a good demand?

Yes, PM is a must in my case. Do you manage your properties your self since you are there? or do you use one as well?

And yes again, i'm expecting correction to hit soon as well, but i just can't wait since it might happen in 2018, or 2019, or 2020, or later? :)

 In that area i was expecting at list 1100$ for 2 beds and 1200$ for 3 beds. 

Yeah.... that is true! I am just more familiar with either North or west side of Chicago, south was always a side that tried to avoid. Plus demand would be much lower on south. Please correct me if i'm wrong!

Thank you @Scott L.! Do you usually find a ML in a same location where property is located? 

 Sure, it was this one https://www.trulia.com/property/3240816497-1802-N-...

Let me know what you think about it, since you are more experienced with that area!

Good evening dear Big Pocketers!

  I am a newbie from CA. Starting our with a plan to buy first investment property with a friend who is from OH. We are going to invest into MF in WI or IL.

I wasn't able to find pros and cons in a google of where to create a LLC and what the circumstances would be. I can guess that we can do that in either state where it would cost less, but hearing it from person who've done it would definitely give me more confidence!

Please share your thoughts of how does it usually get's done and how would you go!

Thank you for your time!