All Forum Posts by: Will Oney-Paige

I have an investor presentation coming up next week, and while I feel pretty prepared, I can help but think I'm missing something. Does anyone have some investor presentation stories to help out my mind at ease this weekend?

I have an investor presentation coming up next week, and while I feel pretty prepared, I can help but think I'm missing something. Does anyone have some investor presentation stories to help out my mind at ease this weekend?

Will the one on the busy road need any remodel? How busy is the road?

If you do great background checks on your tenants and are sure they wont trash the place my advice would be to take "move-in fees" instead. These are flat fees at about 30% of a months rent, and you can start your own reserve fund for repairs. This way you get access to the money, and security if something goes wrong in the unit. Then 75% of time, if you have an easy move in move out, should only cost about 100 for painting and cleanup, and you're pocketing 200-300 if there is no damage. Of course this could backfire if the first set of tenants you put up go crazy on the unit, but that's why mentioned the more extensive background info.

Tyson,

In your price range you could try and identify some great multi family units on the Southside of Chicago. I see at least 4 or 5 new deals go up everyday on the MLS, and because the area isn't as stable, they are normally only about 10 or 20k a unit. People aren't attaching to get these pieces,
so if you have faith in the market staying strong, that could be a good place to start.

Hey Everyone!

My name is Will and I've been working and falling in love with the real estate business for about six months. I'm currently studying to get my brokers license, and I'm under the tutelage of some very brilliant real estate minds in the partners at Windy City RE, Josh, Amy, and Milan Rubenstein. We do value-add investments, and with a team of about 50 people, we are buying, renovating, and selling multi-family properties with great success. I hope that isn't too pitchy, but I suppose what I'm looking for is a place to network, grow, and learn outside of work, as this has truly sparked a passion in me.