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All Forum Posts by: Paul Cijunelis

Paul Cijunelis has started 8 posts and replied 64 times.

Post: Any recommendations on investor friendly title companies in Indianapolis, IN?

Paul Cijunelis
Property Manager
Posted
  • Property Manager
  • Willowbrook, IL
  • Posts 65
  • Votes 15

Metropolitan Title has an indy office. I work with them quite a bit in FTW. In fact, we have an order with them right now. Very quick and thorough. Not sure about their staff in Indy but you can reach out.

Post: Reliable Skiptrace Options - How to find the owner?

Paul Cijunelis
Property Manager
Posted
  • Property Manager
  • Willowbrook, IL
  • Posts 65
  • Votes 15
Quote from @Allison Craft:
Quote from @Liliana Garcia:

Hello

Any recomendations on which would be the best skiptrace to use when trying to find contact information of old homes? I've tried Spokeo, True People Search and beenverified with no luck

I’ve tried Batch skip trace and it’s working for me so far. 

 Does Batchskip provide a high percentage of real, working phone numbers? how's the phone data?

Post: Wholesalers in FTW or N Indiana

Paul Cijunelis
Property Manager
Posted
  • Property Manager
  • Willowbrook, IL
  • Posts 65
  • Votes 15
Quote from @Tyler Lingle:

Why not Indianapolis? I know many wholesalers. Mainstay Property Group, Invest with Ben are two predominant ones sending out multiple deals per week. 

Main reason is to keep everything under a single PM for now.

Post: Wholesalers in FTW or N Indiana

Paul Cijunelis
Property Manager
Posted
  • Property Manager
  • Willowbrook, IL
  • Posts 65
  • Votes 15

I own 30+ props in N indiana and have taken a hiatus for 4-5 years looking to get back into more activity and looking to update my contact list.

If anyone on here is a wholesaler I'd like to hear from you.

If you're a wholesaler in OH, KY, AL or KS please reach out as well. 

See you all out there in the next deal!

Post: Investor friendly bank in Nashville

Paul Cijunelis
Property Manager
Posted
  • Property Manager
  • Willowbrook, IL
  • Posts 65
  • Votes 15

What rates and LTV were you quoted? Just curious what's going on in TN. I'm about to approach my current lender in IN on a large value loan.

Post: Equity line on duplex

Paul Cijunelis
Property Manager
Posted
  • Property Manager
  • Willowbrook, IL
  • Posts 65
  • Votes 15

I would suggest making a few more calls. What reason(s) were given for not funding a HELOC or cash out loan on your properties?

Post: Overall average yearly return for rental properties

Paul Cijunelis
Property Manager
Posted
  • Property Manager
  • Willowbrook, IL
  • Posts 65
  • Votes 15

@Simon Ruiz the ten year is a benchmark I use because it establishes a finite profit point. Commercial properties are typically 5 to 10 years out and a common practice is to compare to another investment. The IRR is such a concept. How do you know 10% profit is a good investment? By comparing to OTHER investments available, and not necessarily property investments.

Post: My 12 year old bought his first house

Paul Cijunelis
Property Manager
Posted
  • Property Manager
  • Willowbrook, IL
  • Posts 65
  • Votes 15

"And after consultation with accountants and lawyers, this seemed the best way to go about this and we will title it to him at age 18"

I'm interested to know about any comments on the tax implication of this at the time it would happen?

Post: Overall average yearly return for rental properties

Paul Cijunelis
Property Manager
Posted
  • Property Manager
  • Willowbrook, IL
  • Posts 65
  • Votes 15

Not sure I'd rate any of those as A. Don't forget about PG LG UP AMI, etc before making a decision on a "B" territory.

This is quite a subjective topic. Returns depend on many factors: equity at acquisition, expenses and repairs (or problem tenants, eviction, vacancy), state/town of investment, etc. There are too many macro-elements to properly gauge unless one is comparing data in one specific county. Yes, county. And even then, the numbers for a property vs one across the street will be totally different (school system, etc).

The best thing to do is to simply decide what an acceptable IRR is for you. 6%? 8%? 12%? 15%? etc. Obviously the higher the better, right? However if you "hold out" hoping to get the highest you might find yourself 5 years later having zero properties still because you waited. A newcomer will be extremely lucky and fortunate to fall onto a great deal. You have to start somewhere. A good gauge is to compare vs the 10-yr yield. That's free money where you have no stress or potential risk. The difference is the real return between that and your numbers on a new property if you acquire.

The best thing is to get out there in your area and start meeting people and looking at properties. At some point, things will click. Ask others for rental evaluation spreadsheets. Ask everyone for one thing. Don't pester or demand. Ask for only one thing and after you meet 100 people you'll know a lot of stuff. Good luck.

Post: S-corp vs LLC in Illinois

Paul Cijunelis
Property Manager
Posted
  • Property Manager
  • Willowbrook, IL
  • Posts 65
  • Votes 15

You know...I don't remember! I'll have to look into that but if memory serves I think we did. I've been insanely busy with work, kids, building a home and doing this. But we've been doing very well. The patience, perseverence and work have been paying off. We're off to a great start.