All Forum Posts by: Victor So

Hey Joe W. ! Along with the suggestions from above, read "Set For Life" by Scott Trench from BP. He actually outlines steps to take for new grads and those who earn median incomes to step into the real estate game. Very inspiring! He suggests that you start by saving, cutting down expenses, and paying off any debt you may have first. Hope this helps! Thanks!

Hello BP! Does anyone have recommendations for countertop stone fabricators and installers? We are looking for someone who specializes in porcelain or quartz islands and kitchen countertops. Please let me know! Victor

Linda Weygant What are the tax implications to having a roommate tenant? Would I file my taxes differently to reflect that I am a pseudo landlord? Even though it's just a roommate I should treat this as a business, right? Ray Harrell Where do you find your lease documents? On the same website you posted here?

Hey Peter Halliday ! Keep me and Elbert Dockery in the loop!

Hello BP! My fiancée and I just closed on a 2 bed/ 1.5 bath condo on the north side of Chicago, right next to Loyola University, and it is currently in process of being rehabbed. It should be fully renovated in a couple weeks and we are considering house hacking by renting out one of the rooms (perhaps to a college student?). For those of you who have experience with house hacking, what would you suggest I do to ensure a smooth, pleasant house hacking experience? Should I treat my roommate like a tenant and go through the same procedure in acquiring a roommate as I would a tenant (go through tenant screening, application, have tenant sign a 1 year lease, etc.)? Is there anything I should particularly watch out for or be concerned about? Where should I advertise for a roommate? Any advice would be appreciated! Victor

Hi Rachel Ash ! I have a reliable turnkey provider for you! However, they don't have properties in KC.

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