All Forum Posts by: Cain Kiser

Thanks Dan!

Last deal was a HUD home in Central Illinois. Farm towm with large college. Appraised at 52k, paid 26K and lived in it while cleaning it up. Rented out now through the colleges housing office at 550 per month. Tenants pay 12 months but typically stay only 9 of the year. Hard on the property typically, but managed through the college. Looks like it will stay rented as long as I want it.

Hey Stan! Im from Champaign IL. What College town did you invest in?

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Are there any REI clubs or groups that meet in the Central Illinois Area? Chicago area is a little far for me and a whole different animal to tackle.

Thanks,

Cain

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Im 22 and just started in January with investing and now have 3 rentals. I also just purchased my first home which whenever I move out down the road will also turn into one of my rentals also...win win situation for me...

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Either way if you are going into a partnership I would get a contract made up. That way everything is legal and the "he said she said" argument is thrown out the window!

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We have a 4/1 house that rents for $1100 per month. 3/1 Rents for $740. We have recently acquired a small 3/1 and we are advertising at $650.

This is all in Champaign IL.

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Originally posted by Cain Kiser:

Since I just started out with investing and just closing on my first property on the 2nd of january Im going to keep my goals small so that I can get a feel for real estate investing.

My goals are to:

1. Keep the property rented
2. Purchase at lease 1 more property during 2009

I have already met mine. I have purchased 2 more properties and just got approved for a loan to buy my primary residence. Im going to live there for a minimun of 3 years so that I can take advantage of the tax credits. Then I will rent out this property since it is in a high rental area!

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Its kind of strange in my area. Most people go straight for an offer above asking price so that the bidders offer will be accepted right away.

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Welcome Tim!

Im 21 and live in champaign. I just recently started investing in single family homes here in champaign and hope to get into more propterties soon!

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Wow, thats awesome! And yes, give us details about the deal.

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All Forum Posts by: Cain Kiser

Cain Kiser has started 3 posts and replied 28 times.

Post: Shark Tank- Anyone watch?

Post: Hello from the Gateway to The Ozarks!

Post: Central Illinois

Post: all you 20 somethings---TIME TO BUY!!!!!!

Post: Wannabe landlord

Post: Average Rents in your area

Post: * * Your New Year's Real Estate Goals for 2009 * *

Post: Buying a HUD Home

Post: New member from Illinois

Post: JUST CLOSED A REO FLIP!!