All Forum Posts by: Shara Carlton

If I become a member of one of the credit unions you all have mentioned, such as the PenFed, does that automatically qualify me for approval for a credit card? or will my low credit score still ruin my chances?

This one is move in ready, though. I'm sure the ones for that low (under $11k) probably need about $40k in repairs.... right?

Chicago Investors: How much would you pay for a property in the Burnside area(60619)? It's a sfr, brick bungalow, 3/1, move in ready, just needs some cleaning...

Is $45k too low???

 Hi Anthony. Welcome to BP! Are you looking for the "Westside" (inner-city) or West Suburbs?

I had to post twice from this crazy phone, but that gave me a chance to correct my return rate.

Thank you all for the input. Ok, Ali, I will be more specific : )

It is a beautiful 3/1 brick in the South Deering neighborhood (hyde park township). Manicured yard and even still has some fairly new furniture and appliances. The property was owned by the seller's mother who passed last year. He wants $65k for it. I want to lock it under contract, but I don't want to feel like I'm insulting the guy by offering too low, but I know I would need to have a good price to get some interest in it. I was thinking of offering $52k and marketing it at $55k which would give the buyer a 10% return based on average rent (1100/mo). Any thoughts on my offer price?

Thank you all for the input.

@Ali Boone I guess I can be more specific. Its a beautiful 3 bd brick in the South Deering neighborhood (hyde park township). Manicured yard and even still has furniture and appliances. The property was owned by the seller's mother who passed last year. He wants $65k for it. I want to lock it under contract, but I dont want to insult the guy by offering too low, but I want to be able to move it too, and I know I would'nt get too much buzz with it being priced at 65k. I was thinking 55k, which would give the buyer a 12.4% return based on the rent in that area (1100/mo). Any thoughts on that price?

Thank you all for the input.

@Ali Boone I guess I can be more specific. Its a beautiful 3 bd brick in the South Deering neighborhood (hyde park township). Manicured yard and even still has furniture and appliances. The property was owned by the seller's mother who passed last year. He wants $65k for it. I want to lock it under contract, but I dont want to insult the guy by offering too low, but I want to be able to move it too, and I know I would'nt get too much buzz with it being priced at 65k. I was thinking 55k, which would give the buyer a 12.4% return based on the rent in that area (1100/mo). Any thoughts on that price?

Simple question: How much would a typical investor be willing to pay for a Turnkey property in a good neighborhood on the South- east side of Chicago?