All Forum Posts by: Victor So

BiggerPockets Community!

We have many turnkey properties for sale! My team has carefully run the numbers and selected properties with the greatest cash flow potential! Feel free to run the numbers yourself on the website below.

Our properties are already rehabbed with tenants and property management teams in place! They have cash flow potential with a 10-11% cap rate! Basically, everything is set up for you for a large return on investment but of course you can choose to do what you want with the property!

If this property doesn't interest you, then check out my website below for other properties!

For more information (including comps and PICTURES), go to the website below:

www.oneeightproperties.cashflowready.com

Shoot me a text or call to discuss further- 224-392-1799

Thanks!

Victor 

Hello BP Community! 

My wife and I want to buy a condo this year in Chicago where we plan to fix it up, live in it for a couple of years, and then rent it out. We found a place in a high rise building, facing Lake Michigan (the unit is across the street from the lake) and right next to Loyola University Chicago. The rental market is great here. 

My question is - when calculating Maximum Allowable Offer (MAO), do I still use the 70% rule? I know to use it for fix and flips, wholesales, and rental properties but I was a little confused since I would be fixing and living (not flipping), not wholesaling and not renting it out right away. (I thought about house hacking by having my mom stay with us and having my mom pay me rent since she already pays rent to another landlord. However, this deal fell through for all sorts of reasons...which is a discussion for another day.)

Any insight or feedback would be appreciated! 

Thanks!

Victor So  

@Mark Ainley Appreciate the referral!

If you are interested in the Chicago (city or suburb) market, let me know!

Hey! I'm from the Chicago area as well! Let's network!