All Forum Posts by: Victoria Ross

I too would start the eviction process. If your area calls for it give her a five day notice and if she dosent pay file for the eviction.

I agree with the other that I would not recommend an apt building that big. Look at it this way if you rehab a single family home and don't find a buyer right away or tenents either you could probably handle the monthly note. But if you have a multi unit building with that many apts and have trouble renting it you will probably have trouble keeping up with the monthly payments. Just my thoughts if you are going to do an apt building start with a small one and work your way up through the years or start with single family homes first. GOOD LUCK!

I would like to see an advertising forum where you can advertise your business. Or you can talk about the websites and or products that you have benefited from that might help someone else that is looking for the same help or guidence you once were.

I agree with Deborah

I agree with S.J buy a property that has multiple units. Either a property that has a house in the back or a multi unit building. Like he said that way you can have your own place as well as the rental property. Plus keep an eye on the tenants. Then if down the road you want to buy another home for yourself you will have 2 rental units.

Chicago is a good market. There are plenty homes that you can buy for cheap and rent or sell. A 3 bdrm 2 ba you can easily rent for $900-1100. Depending on the neighborhood, how much work you put into the property etc. Finding a good tenant can be hard but do back ground checks, check for previous evictions and have them pay a security deposit so if anything does get dammaged at least you have something.

Thanks everyone for the input it was all very helpful. That's why i posted the topic so i could get the opinion of others and they were all very great. I think I will do the deal because I have family that lives not to far away so once I talk it over with them and see can they manage the work thats being done when i'm not there. I think it will work!

I was wondering if I should do a out of state rehab. I have never done one before. Does anyone have any ideas, suggestions or comments

Yes networking is the best option. Finding investors who are looking for buyers that is the key. Because once you find an investor in your area that has good deals and that you can trust.