All Forum Posts by: Account Closed

This is awesome, especially to see that this issue is nothing unique or weird. There are other investors as well who are struggling with the same problem.

Thank you Kyle for sharing your criteria. This is very helpful.

Okay, I will try that.
Thank you.

I agree. So, do you focus only on one specific area and do marketing there ? OR do you analyze deals in other areas as well ?
So basically i think the whole point of defining criteria is to say NO to everything that doesn't fit your criteria.

Sorry if I am asking dumb questions but I am just trying to understand what buying criteria means and to what extent it should be followed.

Thanks Aaron for your response. I do feel sometimes that I am running in circles.

I want to be a Buy and Hold Investor.  So, every investment should produce some cash flow while i continue to build equity with rent payments from tenants. 

Just finished reading 'The Millionaire Real Estate Investor' by Jay Papasan.  One of the key points mentioned here and many other real estate books is to have a well defined criteria for your investments.

I tried setting a criteria in the past but it didn't work out.  I always question my own criteria and think if I should invest on north side where the market is stable but prices are high with less inventory or should i go West/south where there are a lot of low priced properties but many risks as well.

Should I look for single family homes or small multi family units since I can finance both of them with conventional loan ?

Or Should i just continue looking everywhere for properties for motivated sellers and just confirm that the numbers work fine. I have bought properties in the past without a definite criteria but this book makes sense and I would like to have a well defined criteria so that I can focus well. 

Therefore, I need help in understanding how can I determine my criteria when i don't have 4-5 years of experience in this market.

Does it make sense ? 

I am not sure if I should say congrats or sorry. 

I wish you achieve your goal and become financially stable in a short period of time. This was definitely a very bold move and a lot of people are scared to pull the trigger, including me.  Thank you for sharing your story and keep us posted. 

Hey Rafael

Thank you for your response.

Can you please send me the contact detail ?

Hello Everyone,

I have recently bought a single family house in Melrose Park, IL.
The property needs a little bit of work to make it ready for renting. (Plumbing, electrical, Paint and window installment)

Can anyone please recommend a good reliable contractor that I can work with on this project ?

Hello everyone,

I am currently working on a project in Melrose Park, IL.

Do you guys know any reliable contractors who can help me in fixing the house ?
The property needs minor plumbing and electrical work and a fresh paint.

Thanks
Abhijeet Parihar

I would also like to join next meetup.
Thanks