All Forum Posts by: Chris T.

Think of your exit strategy as well. 

SFH are easier to sell to owner occupants or other investors than MF.

@Justin Johnson will do

Hope to see some new faces tonight! 

Thank you Rick. 

Hypothecation is interesting. That would make sense if the terms make sense. 

I don't see myself selling the note at a discount, but the balloon payment option allows me to exit this earlier. 

Appreciate your comments and suggestions! 

congratulations @Stephanie Grady

1. Sometimes I get a higher quality of tenants for A/B neighborhoods from the MLS. If you don't want to pay a month's compensation of rent, use a flat fee MLS broker. And take GOOD pictures.

2. I had a lot of success recently with FB marketplace and social media for my last 4 vacancies. Better leads than zillow. 

So 1 of my referrals, who is a banker, is looking for a non traditional lender who can financed a borrower with a not-so-great credit scores. 

So, I'm thinking of being the bank, and the collateral would be the property the borrower is buying. 

Can anyone shared their experiences of being the bank?

And are there any exit strategies you can use? Other than waiting for the borrower to finish the term or refinance you out?

Thank you in advance. 

I just heard from a friend's realtor that single family houses, in the western suburbs, that are priced over $500K on the MLS are slowing down. This realtor focuses in Naperville.

It seems like one of the key reasons is the cap on the SALT deductions. 

What are you guys seeing out there?

I recently invested some $ from my roth SDIRA into a LLC, for a multi family, but the contract fell through.

Can I leave the money in the escrow account until the investor finds another deal? Or do I need to transfer the money back to the IRA. And have the IRA company evaluate the new investment opportunity when it comes up?

Yes, I will ask my IRA company these questions to make sure I am in compliance. Just needed some feedback.

you can always look for commercial or portfolio loans.

@Michael Barbari

Come join us and grow your network!

DuPage County Real Estate Investors Meetup

The Du Page County Real Estate Investors group was started to provide a platform for Du Page County (and surrounding areas) real estate investors to share knowledge, resources, and deals.The members of this group are involved in primarily single family, multifamily and commercial investments, and represent all levels of experience. The focus of the group is professional networking. Bring your business cards!

Our meetup is at Emmett's Ale House, 5200 Main Street, Downers Grove, IL 60515 from 6:30 pm - 8:30 pm. There is a parking lot across the street and in the back of the restaurant that we are allowed to use.

These events are 100% networking. If you have a deal where you need a partner you will have the opportunity to present it to the group.

6:30 - 7:30 - Networking

7:30 - 7:45 - Introductions

7:45 - 8:30 - Networking