All Forum Posts by: Ibn Abney

This group has a specific focus and shared interest in developing the South-East Side of Chicago.

Welcoming all Investors, Lenders, Contractors, Wholesalers, Newbies, Veterans, first-time home buyers, community leaders, and anyone interested in REI.

Agend: Introductions, Special Guest Speaker, networking and share experiences.

https://www.meetup.com/South-East-Chicago-Real-Estate-Club/events/nhdvfryzlbfb/

@Xavier Wilson I use rentometer.com for market rents. very detail info via the pro memebership. example houses vs apartments rent rates.

for Section 8, it should be close to market rent but check out http://chicagoha.gosection8.com/Tenant/tn_Results.aspx

good luck!

One week away!! Looking forward to seeing everyone!!! 

Topic of the month: Asset Protection!

@Brian Schultz Hyde Park is a great area. Grade A to B+. Check out kenwood, east woodlawn, and bronzeville as well. Values are a little lower to similar but rents are just as high.

good luck!!

@Joel Zawko very active!!

Our last meeting was in South Shore! Next month we are in Pullman. We move to different neighborhoods monthly to help show folks the area. See link below!

https://www.biggerpockets.com/forums/521/topics/718664-south-east-chicago-real-estate-club-july-meeting?highlight_post=4237555&page=1#p4237555

This group shares and discusses all things Real Estate!!! However, we share a specific bond and interest in Developing the South East Side of Chicago.

Real Estate Investing is a Team Sport!!!

https://www.meetup.com/South-East-Chicago-Real-Estate-Club/

The South East Chicago Real Estate Club is a local resource group for anyone interested in Real Estate Investing or Real Estate professional who wishes to promote their business

As always, BP is the place to seek  wisdom... :-)

Lets assume you make a good salary (very relative, but what ever you think is good), would you take a larger salary and move towards greater career growth or stay in your current situation and pursue a BIG REI deal (relative as well).

Option 1) more $$$ upfront but 2x the weekly hours. Option 2) less w-2 pay, but REI is an ocean

thoughts?

Less than a week away!! https://www.meetup.com/South-East-Chicago-Real-Estate-Club/

2 more weeks!! June 8th.. Showcasing the South Shore Area!!!

Topic of the month: Construction and Contractors 101!!!

See you all there!

@Ryan Fox With all properties prior to purchase you do inspections and test mechanical. 

I should note, I do own other units in the complex so I am very familiar with the rental rates and property structure. 

I know the pics look bad but it was mostly cosmetic and smoke damage. There was a family living there 8 months prior to my purchase. Someone started a fire in the front of the house as revenge for a family disagreement. Sad to see but the property was is fairly good shape. The fire dept. broke into the walls as a preventive measure when putting out the fire.