All Forum Posts by: Craig Wilcox

Hi @Matt Vogt, 

The 4.52% is not high but it would be a difference of about $500 in the monthly payment. If your 100k cash is making a menial 1% at a bank, the interest savings helps your investment.

However, if it is all your cash savings, I would suggest holding on to most if not all.  You never know when that "can't pass up" deal comes along where you need the cash.

Craig   

@Stephanie Freed Congrats!  It looks like a solid property.  What are you getting for rent?

 James, 

We have and manage a mix of SFH's and plexes. Our turnover has been minimal and quick to fill. Tenant screening is critical as there are a lot of inquiries from people that do not qualify.

Rents, as well as home prices, have been increasing steadily for the last few years. This month has been crazy as there were about 500 homes flooded in MP and Roscoe. Many of those homes were rentals removing supply from the market, at least temporarily. 

I invest in NE Rockford and Loves Park and am part of a couple of investor groups that are finding deals. The prices are decent and rents have been increasing but make sure you account for the high tax rate. The listed inventory has been low for years causing homes to just recently appreciated above 2007 prices.

Emily, the group is always happy to help new investors.

Kyle, safe travels!

 Hopefully not for an eviction!

continued mentions

@Jeff Oberts, @Laurie Bellino, @Justin Seago, @Benjamin Shull, @Dawnna Williams, @Scott Wieczorek, @Robert Shedden, @Tim Warren, @Julieann F., @Alexander Whitlock, @Alexander Johansson, @Aric Weidmann, @Cory Villarreal, @Ryan Sanford, @Joe Grieser, @Brian Nordman, @Andrii Okipnyi, @Guillermo Ramirez, @Eric Hickenbottom, @Joe Sheehy, @Anthony Vecchiolla, @Laurie Bellino, @Angie Holdcroft, @Sergio Lara, @Molly Wilcox, @Trenton Magnuson, @David Hagen, @Rich Terasaki, @Davion Lewis, @Sean Morrisey, @Aimee Perez, @Gloria Wiekert, @Daniel Spranger, @Justin Johnson, 

Real estate is in season no matter the weather.

@Ernad D., @Scott Green, @Kyle N., @Lloyd Fulcer, @Renee Fulcer, @Jason Bennett, @Sally Bennett, @Chris Sukala, @Chad Slagle, @Christopher Dumelle, @Carrie Herrmann, @William Clement, @Jordan Smith. @Shelly F., @Ray George, @Carlo Michelotti, @Jessica Rielly, @Jayme Durkee, @Debbie Mapes, @Cory Villarreal, @Dave Blackman, @Patrick Mueller, @Jason Walters, @Kim Herrick, @Paul S., 

@Joe Grieser, @James Flores, @Gene Ferriter, @Tyler Witkowski, @Justin Sheley, @Jhony Molina-Ayala, @James Feiden, @Erik W., @Scott Krueger@Ryan Ericson, @Marcus Porchia, @Mike Morey, @Henry Carter, @Dan Pendzinski, @Chris Youssi, @cj thompson, @Melissa Kwak, @Edgar Marin, 

Winnebago Investor Network (WIN) Dinner Meetup

Topic: Partnerships 

When: Monday, March 4, 2019 at 6:00PM

Where: SAM'S Ristorante, Pizzeria, & Banquet Hall located at 6075 E Riverside Blvd, Rockford, IL 61114.

What: A simple dinner networking event with motivated, local real estate investors that are taking action and making a difference in their life and community. It is a casual place to meet, ask questions, share your investment tips, and encourage others with the similar interest of building wealth through relationships.

Why: "Finding good partners is the key to success in anything: in business, in marriage and especially, in investing." Robert Kiyosaki

*****************************************************************************************************

*A quick response post or a click of the "Attend Event" at the top of this page would be appreciated.

If there is no written lease, Illinois considers it a month to month tenancy and requires 30 days notice. I would suggest that you make the purchase of the property contingent on the trashed unit being vacant. Once you renovate and fill it at market rent you can move on to others.