All Forum Posts by: Account Closed

Multiple offers, would be based on the location. I had that problem on making offers in the Austin area, but not at all in Warrensville Heights, Birmingham, or Dallas, Georgia.

Some properties are only available to investors.  

You don't want to start in a hole?

You want MHU http://www.mobilehomeuniversity.com/hosted/landing/mhu-hawk/index.html?PhoneScript=ppcMHU&gclid=CMHN-qKc_9ICFQJsfgodS3ANzw I've thought of MHPs. I would turn the MH deeds over to the renters and just collect on the land lots.

Douglasville, Fairburn, Grayson, Dallas, Fayetteville, Powder Springs, and McDonough are some good areas near Atlanta. 

I have a house myself in the Sudie area near Dallas that I got for $107,000. Over 1,400 sq ft. 4 bed 3 bath, garage built 1986. worth $125,000 today. Rent at $995.

Why Invest in Chicago, IL

With over 2.7 million residents and 10 million in the surrounding metro area, Chicago is the place many people call home. This city is a leader in technology, communications, transportation, and many other industries. Chicago has one of the busiest airports in the world, O’Hare, and has the largest number of railroad freight and highways in the U.S.

The gross metropolitan product of Chicago is $590.2 billion, making it the third largest economy in the United States. This city hosts the largest labor pool in the U.S. and presents a strong market for those looking to invest in real estate due to the high demand for rental properties.

General Facts

• Home to two of the world’s Top 10 hotels and five Conde Nast Gold List hotels (Conde Nast Traveler)
• The Chicago Park District has the nation’s largest municipal harbor system. (Wikipedia)
• Over $3 billion in global derivatives trading volume, nearly 2X the trading volume of New York (Mack Companies)
• Northside College Prep school is in top 25 “America’s Best High Schools” (Newsweek 2011)
• Home to 10 Professional sports teams that generate season specific business/ jobs:
  • MLB – NFL – NBA – NHL – MLS – WNBA – AFL – MLL
• In counties with the most business establishments in the nation (Source: Census 2010), Cook County (Chicago is in Cook County) facts are:
  • #2 in Residential Construction establishments
  • #3 in Gas Stations
  • #4 in Real Estate Industry
  • #2 in Day Care Centers
  • #3 in Full-Service Restaurants
• In states with the most business establishments in the nation (Source: Census 2010), Illinois State facts are:
  • #5 in Electronics Stores
  • #8 in Hotels and Motels
  • #6 in Auto Repair Shops
  • #7 in Beauty, Nail, and Barber Shops

Midlothian and Godley

Oh yes sir, I always have at least $10,000 in reserve. Bought a split level in Pinson, Alabama a couple of years back for $70,000 where the previous owner just put a metal roof on. 40 year life expected for that roof. Love finding metal roof homes where the roofs will out live me ha-ha

Mr. Johnson beat me to the punch on the write offs, one of many ways real estate makes money for you. 

Yearly inspections are a must. 

You go Swanny!

Got a property in Warrensville Heights, Ohio myself, cash flowing over $360. 

Love the Cleveland area, looking at buying another property in the form of a bungalow in Willowick.

I should be able to retire in 6 years (with 12 properties <my goal>) at age 52.