All Forum Posts by: Alex Tokmazeyskiy
Alex Tokmazeyskiy has started 12 posts and replied 25 times.
Post: Thinking of investing with Cash out or HELOC

- Buffalo Grove, IL
- Posts 25
- Votes 9
Quote from @Aristotle Kumpis:
A BRRRR property is something you buy from the start. Then you go through the motions. In your current situation, you can do a HELOC but only if the home is free and clear. If it's not, then your only option is to do a cash out refi. I would recommend a cash out refi even if the rates are a little higher than your liking. The reason is because your equity is just sitting there and not working for you. Say your cash flow goes from $1100/month to $500/month after a cash out. You will be able to buy another appreciating asset and increase your net worth. Talk with a lender, there are plenty on here. And they can give you an estimate.
Thank you ! I still over 118k on the current property. Would you possibly try a flip or long term rental or another cash out after renovating a new property. Currently not seeing anything that will bring cash flow just covering mortgage.
Post: Thinking of investing with Cash out or HELOC

- Buffalo Grove, IL
- Posts 25
- Votes 9
Hi,
I own an investment property 2 apartment building in Chicago, that currently has over 200k equity (bought in 2012). Cashlow from renting is about $1100 monthly. I feel I am ready to invest again, maybe doing a BRrr method with cash out refinance or perhaps a flip. Where should I start ? I am also a licensed agent since 2022. Would it be worth it with today's rates ?
Post: Anyone try Espresso agent for Geo leads, fsbo or expireds?

- Buffalo Grove, IL
- Posts 25
- Votes 9
I have talked to a few realtors who swear by Vulcan 7, but being new it's little too expensive. I came across Espresso agent where I can try it for 2 months at 155/month includes 1 line dialer, fsbo, expireds geo leads. Any opinions?
Post: Best Realty for new agents?

- Buffalo Grove, IL
- Posts 25
- Votes 9
Thank you guys! I tried exp World platform and didn't really like it. I think me being new I would feel more comfortable having an office nearby. Have an appointment with Keller Williams and Caldwell Banker this week.
Post: Best Realty for new agents?

- Buffalo Grove, IL
- Posts 25
- Votes 9
Which agency would you suggest for a new Real Estate Broker? Been talking to Homesmart and ExP. So many options.
Post: What areas do you recommend in Chicago area for 3 or 4 flats ?

- Buffalo Grove, IL
- Posts 25
- Votes 9
I am looking for at least 10%
Post: What areas do you recommend in Chicago area for 3 or 4 flats ?

- Buffalo Grove, IL
- Posts 25
- Votes 9
I am about to do a cash refinance on my current multi unit. So, now I am seriously considering a 3 or 4 flat to purchase. Purchase price would have to be up to 450k. 2 flat would not make sense, since it wouldn't really bring income, I would have tonpay additional 500 a month for that refinance. So I think 3 or 4 flat would work. I do see some around 450 in Belmont Cragin, what other leaders are great ?
Post: Just passed my IL Exam and looking for a Sponsoring broker.

- Buffalo Grove, IL
- Posts 25
- Votes 9
I am planning on doing it part time. Do any brokerages provide or assist with leads?
Post: Just passed my IL Exam and looking for a Sponsoring broker.

- Buffalo Grove, IL
- Posts 25
- Votes 9
I just passed my Illinois Real Estate Exam and looking for a sponsoring broker. There are so many options and many have similarities as far as commission splits and training at least what they advertise online. Does anyone have any suggestions or their experience for new agents ? Looking to start out in NorthWest Side Suburbs. Buffalo Grove, Northbrook, Vernon Hills etc.
Post: Would buying a house with Pool in Cape Coral, FL be worth it for

- Buffalo Grove, IL
- Posts 25
- Votes 9
Thank you everyone for all replies , very informative!!!! My other question is, what do people normally pay for managing the str ? My friend pays someone 10% of the rentals.