All Forum Posts by: Casey Wohl

Welcome aboard!

The numbers are interesting but they still show growth. We need to keep in mind the the number coming from out of state vs those shifting from city to suburbs. We see millenials moving to the city and genX and boomers moving to the burbs. 

It is frustrating to have so many career politicians running the state. If they had any business sense they would make completely different decisions. I'm not saying all businesses make good decisions, but the know there budgets and have to live by them. 

@Alex Bok - Why change your approach? Isn't flipping a better short term play in an unstable market? I understand the long term hold strategy but if you're into flipping, I would think you're more into the get in, get out approach.

@Account Closed - I'm still learning Subject To so please bear with me. Are you holding the Note for the new buyer? If so, how extensive are you with vetting the new buyer? What happens if they can eventually refinance and buy you out? How does that process look?

@Account Closed what caused your initial strategy on this property to change? Did you recalculate the numbers or did something else happen to turn it into a rental?

@Ken Min This sounds great for a buyer but what are the Pro's and Con's for the seller? How do you have a conversation with them to make them feel at ease with the process?

 Alright, can you explain why Subject To is less risk? 

@Craig Wilcox,

I considered turnkey but I'm new to REI and need to cut my teeth before I take the easy way out.

I have looked at Northern Indiana but need to play in my backyard before figuring out how to invest at a distance. 

All,

I appreciate everyone's feedback. It reassures me that as long as the numbers make sense and you have multiple exit strategies, we can survive the market changes. 

What will you do if you see another 2008 coming?

Based on the current economy with rising taxes and a slow exodus, what would your investment strategy be and why? Is it still a good opportunity for rentals or should we be looking to get in and get out (flips) as fast as possible? I know the play is different in the city vs rural areas, but I'm curious where everyone thinks Illinois is going.

Thank you for the great information. There's a lot on this site and any help navigating is appreciated.