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All Forum Posts by: Vasyl Levchenko

Vasyl Levchenko has started 1 posts and replied 23 times.

Post: Should I be waiting for a crash?

Vasyl LevchenkoPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 24
  • Votes 30

@Julien Amparan

With a lot of respect to above opinions, let's not forget that the basic rule of investing is still "buy low and sell high". If one class is too hot, go where no one (or less) are looking at the moment. Try mixed use buildings(can be financed with FHA loans), try small mobile home parks, small commercial, maybe even land or office.

Post: Fear of higher interest rates

Vasyl LevchenkoPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 24
  • Votes 30

@Brian Plajer

That's a valid point.

But when I add cashflow, debt paydown, tax advantages, equity buildup and experience, buying good cashflowing deals still make more sense to me than not buying and sitting on cash.

Post: Chicago Portfolio Lenders

Vasyl LevchenkoPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 24
  • Votes 30

@Mark Ainley

Hey Mark,

would you mind sharing this portfolio lender info with me as well? Thank you

Post: Strip center acquisition Chicago suburbs

Vasyl LevchenkoPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 24
  • Votes 30

@Jordan Ness

@Ash Patel

Post: Upcoming Housing Crash?

Vasyl LevchenkoPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 24
  • Votes 30

@Minna Reid

All of these things can not happen simultaneously. In precovid Chicago it took 6 month to evict and 2 years to foreclose, I'm sure other big blue cities had a similar timeline.

Now you will probably have to double that time.

Let's say they lift moratorium tomorrow, red states will be moving through the process much faster, blue states will take the longest.

So there will be no critical mass hiting the market at the same time.

Post: Upcoming Housing Crash?

Vasyl LevchenkoPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 24
  • Votes 30

@Minna Reid

I am confused about today's situation too, to be honest with you. And I think that I am not alone.

By all textbooks it feels like a bubble is about to burst:

1) We have been in a cycle for a very long time now, so it's hard to believe in another upswing at this point, which means we are probably near or at the peak.

2) Stock and real estate investing became hip, everyone's doing it! Robinhood and BP

3) Repeated interventions in the natural market cycles by the Fed created a lot of fake numbers in all parts of the economy

But! If the inventory is as low as everyone says and lending is still pretty conservative I can not really imagine where is that crash going to come from?!

Post: What's the typical lease missing that you've added to yours?

Vasyl LevchenkoPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 24
  • Votes 30

@John Ringgold

All tenants are provided with sink strainers on move in date, lease says that they have to use them and if the sink is clogged because the strainer wasn't used the tenant pays for unclogging it.

Post: Picking a cashflow market to scale

Vasyl LevchenkoPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 24
  • Votes 30

@Kareem Johnson

Mostly research on BP and other resources,

I've noticed that same areas keep coming up in conversations and started reading on them. As for Jacksonville, I would check with locals, neighborhoods can be hard to understand from a distance.

Post: Picking a cashflow market to scale

Vasyl LevchenkoPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 24
  • Votes 30

@Adrien S.

Thanks for adding to the conversation Adrien,

I've read your posts on NW Indiana, they actually made me put that area on my list! Always lots of great info. That train line would definitely be a game changer.

Post: Picking a cashflow market to scale

Vasyl LevchenkoPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 24
  • Votes 30

@Brandon Sturgill

I've seen appreciation beating years of cashflow, can't argue about the power it has