All Forum Posts by: Victor So

Hey Tony Blessings if you're interested in turnkey properties, I have partners who have properties in Cleveland. PM me!

@Brynn Misener Hey! My property is in Edgewater area. My mother will be in a condo in Glenview and my father will be in a single family home in Glenview. Before I started getting involved in fix and flips I figured it'd be wiser to get my family into their own properties as well. I realized that we were all renting  

​Hello Matthew, I'm not sure if you're interested in these areas but I have partners who have turnkey properties in Detroit, Michigan; Cleveland, Ohio; and Buffalo, New York. PM me if you're interested or if you want to chat. -Victor

Hello BP! How does everyone estimate capital expenditure costs? I know it's the big ticket items but is there a general rule you guys follow to estimate it when a lot of information isn't available online (besides actually visiting the property with a contractor)? Any advice would be appreciated! Victor

Hey @Matt Harris ! Welcome to BP! I just sent you a private message, but like what @Tom Ott has said, check out his articles, do your due diligence and have all your questions ready! I can have my partners reach out to you! 

Hey Brie Schmidt I would love to check out your meet up next month. I had to work tonight (6/20) so I'm unable to make it. But, I'm definitely looking forward to meeting up with some cool folks and learning a ton about real estate. I listened to podcast show 132 by the way that you were on. Very cool! Hope to see everyone soon! Victor

Hi Michelle Groft I have partners who have turnkey properties in Detroit. PM me!

Harsh R. Hey! Welcome to BP! I'm a relatively new investor myself! I was born and raised in the Chicago area and currently live here as well. I just wanted to comment and add to your point on Chicago properties taxes. They are definitely high and still going up. It's sort of out of control. However, I feel like you can still find cash flowing areas as well. I am skeptical about those 10-20 k properties since most of them are in D class neighborhoods but I think there are B and C class neighborhoods worth investing in. Anyways, if you have any questions about the Chicago area in general, let me know! I've lived all over including various suburbs and city.

Wow! So that's how you take obstacles and turn them into opportunities!

I'm not sure if I'd be adding to this discussion, but I agree with most people on this thread who have said that business and economy in Chicago is growing. Even though there are reports that there is a decline in the population in Chicago, I think it is relative to certain areas. There are many areas like the North suburbs and Northwest Suburbs of Chicago that will continue to boom. With all this being said, I think this is why our corrupt politicians in Illinois will continue to do whatever they want with the state at the expense of its citizens. They have no budget, they're hiking up property taxes and taxing anything and everything that they can. Recently, in Chicago, they started taxing plastic bags at 7 cents a bag. They will try to make money however they can whether it be through traffic cameras or parking meters that charge 8 dollars an hour in the city. But, they can do that... because Chicago will always be a booming city...depending on what you define "booming" as. Anyways, that concludes my rant.