All Forum Posts by: Ibn Abney

Hello,

Looking for a PM in the Cincy Area. Small operation at the moment, i am working on closing one property, 2-4 units. I expect to purchase an additional 2-4 unit in the next 14 months as well (looking to build a long standing relationship with a trustworthy PM firm).

Looking for any information and all referrals appreciated!!

Thanks!

Ibn

Hello,

Can anyone recommend a HML who writes loans in the cincy area? Look at a duplex or triplex.

thanks,

Hello,

Can anyone recommend a HML who writes loans in the cincy area? Look at a duplex or triplex.

thanks,

Hello,

Looking for a HML who writes loans for properties in the cincy area. Who is a good firm to contact with my current deal?

Any advice would be a big help!

Hello,

Looking for a HML who writes loans for properties in the cincy area. Who is a good firm to contact with my current deal?

Any advice would be a big help!

Hey @Johnny Andrews!!!

In the same boat as you for the most part, besides the living at home part. Do you have a decent Job? If so, i would work towards buying a personal residence first. You can house hack and/or use that property to build equity towards future investments and learn the process of buying real estate.

If not, save money at home and work towards landing a decent job. You will need some sort of income to get started and secure a loan. 

My 2 cents...

@Alex Bok.. Thanks Chicago is a great market, but not seeing the 15%-20% ROI I find in other markets (in the areas of Chicago I would invest). Right now my only source of leads is MLS properties and BP. Looking to purchase 2-3 units a year for the next few years. Just don't think that is possible in Chicago.

@Steve Bracero Prefer 18%+ or $350 a door. Ohio has caught my attention at the moment!! Conventional for the first few deals. Both SFRs and Duplexes.

Hello BP,

Long time follower/listener, but new real estate Investor.

I am originally from Brooklyn, NY. If you know ANYTHING about real estate in Brooklyn over the past 20 years you know prices have surged tremendously!! That RE appreciation has taught me the value of real investing and long term profitability.

I have been in the corporate world for 8 years, I have a MBA, and own a home. At 28 yrs old I now realize the 401K and 9-5 job mentality will not get me where I want to go by age 50.

I have great credit (780+), about 25% down payment saved ($100K-$150K range), and a passion to invest (Stock Market has been good to me since 2010 :-) and taught me to seek long term gains). I now live in Chicago, but feel Out-of-State is best (I'm all about cash flow!!). However, due to large student loan debt, i just cant afford to make a mistake or lose money on my first few deals.

Any advice on getting past this financial fear and/or finding a "good deal"? I feel I am stuck in the analysis paralysis mode? Any advice would be helpful.