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All Forum Posts by: Tim Jensen

Tim Jensen has started 10 posts and replied 60 times.

Post: Newbie from Rockford,IL

Tim JensenPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 65
  • Votes 43

@Brad Richards

I've been investing in the Rockford area for almost 30 years it has treated me very well. I also run the Rockford real estate investors association, you can check us out on Facebook.

Post: Nightmare Tenant + Covid19 = No rent, no evictions, harassment

Tim JensenPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 65
  • Votes 43

@Sue K.

Great advice.

Post: Buy/rent market in Chicago, Milwaukee and NW Indiana - new member

Tim JensenPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 65
  • Votes 43

@Gloria Wiekert

I have been investing in the Rockford market for 29 years. It is definitely on the move up and cash flow is incredible

Post: Creonline old timers.

Tim JensenPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 65
  • Votes 43

Just curious if there is anyone here from the old creonline days?

Post: RockfordREIA March Meeting

Tim JensenPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 65
  • Votes 43

Meeting Topic: How to Wholesale Properties with Dan Clarton

Wholesaling properties is one of the most popular strategies for new investors to get involved in. You may be asking, what exactly is wholesaling? Is it legal? How do I start?

At this month's meeting, Dan Clarton will answer these questions and explain the five-step process to wholesaling a property.

By the time you leave this meeting, you will have enough understanding to start wholesaling tomorrow. Dan's information is not a theory; it is the exact steps he takes to find and wholesale properties. Best of all, you don't need a lot of money to qualify for a loan or good credit.

Over the years, Dan has wholesaled hundreds of properties with little to no money, and he will share the exact steps it takes to put quick cash in your pocket.

Plus, we have exciting news on our new investing focus groups! This allows you to meet with other like-minded, experienced investors, and get detailed answers to your questions. The focus group is only open to yearly members, however.

Hope to see you there.

Timothy Jensen

PS- Please forward this newsletter to anyone who might be interested in real estate investing. We are focused on growing our group, and we need your help. A bigger group means more sharing of ideas and better networking.

Agenda:

6:00 - 6:30 Sign In and Networking

6:30 - 7:00 Group Networking, Have/Want,
Property For Sale

7:00 - 8:00 Wholesaling with Dan Clarton

8:00- 8:30 Q&A and Mastermind

LOCATION: 6776 E. State St. Rockford, IL
DOORS OPEN AT 6:00 PM.
Free to yearly members.
Only $15 per person/couple.
$119 Per Year.

Educational Articles of The Month

We are moving our monthly articles to our Facebook group. We publish between 2-3 articles and/or videos every day. We are also on Instagram and LinkedIn

Post: Undisclosed foundation repairs and recourse

Tim JensenPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 65
  • Votes 43

I will have to disagree with the lawyer here.  You need to disclose known defects, you are aware of. If they got it repaired, and it is no longer a known defect, they don't need to disclose.  Following that logic, you must disclose the roof leaked once, even though it has been replaced and been fine ever since.  Same thing goes for water heater, furnace, AC, plumbing leak, toilet leak, etc.

This is the exact language from the Illinois Association of REALTORS® RESIDENTIAL REAL PROPERTY DISCLOSURE REPORT

In this form, “am aware” means to have actual notice or actual knowledge without any specific investigation or inquiry. In this form a “material defect” means a condition that would have a substantial adverse effect on the value of the residential real property or that would significantly impair the health or safety of future occupants of the residential real property unless the seller reasonably believes that the condition has been corrected.

I think you have an uphill battle, unless the information from the foundation contractor shows it was still a problem after the repair, especially since you got a home inspection.

Just my opinion. Good Luck

Post: 1031 Exchange Potential Strategy

Tim JensenPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 65
  • Votes 43

@Eric Mayer

May i ask the company. I was looking into inland and I'm in your price point.

Post: 1031 Exchange Potential Strategy

Tim JensenPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 65
  • Votes 43

@Eric Mayer

How much are the fees?

Post: RockfordREIA February Meeting: Tech, Trends and Tricks

Tim JensenPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 65
  • Votes 43

Meeting Topic: Meghan Tech, Trends and Tricks of Real Estate Investing

I am super excited about this months speaker. We are very lucky to have Megham McCullum, live and in person this month. I had the pleasure to hear her speak at a real estate conference last year and was blown away. She has lots of energy and even more practical knowledge. She brings a unique prospective on investing and will be talking about Tech, Trends and Tricks of Real Estate Investing.

Meghan McCallum is the owner of McCallum Real Estate, and is a skilled investor who does everything she can to make a deal work! Recognizing there was a need to provide her clients with more than the standard services that most investors offered, Meghan started her own investment property business five years ago.

After 14 years in the fire service, she became a full-time real estate investor and is partnering with new companies and other investors who specialize in their own niches. Due to her exposure to almost every form of real estate investing she is quick to spot a trend and is ready to pivot, as change occurs. For Meghan it's not just about buying properties or rental management, it's everything that comes in-between too -- the what, the why, the when and the how, and of course those little surprises in every venture.

Hope to see you there.

Timothy Jensen

PS- please forward this newsletter to anyone who might be interested in real estate investing. We are focused on growing our group and we need your help. A bigger group means more sharing and networking.

Agenda:

6:00 - 6:30 Sign In and Networking,

6:30 - 7:00 Group Networking, Have/Want,
Prop. For Sale

7:00 - 8:00 Meghan McCallum

8:00- 8:30 Q&A and Mastermind

LOCATION: 6776 E. State St. Rockford, IL
DOORS OPEN AT 6:00 PM.
Only $15 per person/couple.
$119 Per Year.

Educational Articles of The Month
We are moving our articles to our Facebook group. You can click on the link below to join. We publish between 2-3 articles and/or videos every day. Search Facebook groups for Rockford Real Estate Investors Association

Post: RockfordREIA February Meeting: Tech, Trends and Tricks

Tim JensenPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 65
  • Votes 43

Meeting Topic: Meghan Tech, Trends and Tricks of Real Estate Investing

I am super excited about this months speaker. We are very lucky to have Megham McCullum, live and in person this month. I had the pleasure to hear her speak at a real estate conference last year and was blown away. She has lots of energy and even more practical knowledge. She brings a unique prospective on investing and will be talking about Tech, Trends and Tricks of Real Estate Investing.

Meghan McCallum is the owner of McCallum Real Estate, and is a skilled investor who does everything she can to make a deal work! Recognizing there was a need to provide her clients with more than the standard services that most investors offered, Meghan started her own investment property business five years ago.

After 14 years in the fire service, she became a full-time real estate investor and is partnering with new companies and other investors who specialize in their own niches. Due to her exposure to almost every form of real estate investing she is quick to spot a trend and is ready to pivot, as change occurs. For Meghan it's not just about buying properties or rental management, it's everything that comes in-between too -- the what, the why, the when and the how, and of course those little surprises in every venture.

Hope to see you there.

Timothy Jensen

PS- please forward this newsletter to anyone who might be interested in real estate investing. We are focused on growing our group and we need your help. A bigger group means more sharing and networking.

Agenda:

6:00 - 6:30 Sign In and Networking,

6:30 - 7:00 Group Networking, Have/Want,
Prop. For Sale

7:00 - 8:00 Meghan McCallum

8:00- 8:30 Q&A and Mastermind

LOCATION: 6776 E. State St. Rockford, IL
DOORS OPEN AT 6:00 PM.
Only $15 per person/couple.
$119 Per Year.

Educational Articles of The Month
We are moving our articles to our Facebook group. You can click on the link below to join. We publish between 2-3 articles and/or videos every day. Search Facebook groups for Rockford Real Estate Investors Association