All Forum Posts by: Douglas Skipworth

Check out @Dean Harris's deal of the week!

Back in 2018, I was in the exact same boat you are @Ted Almeida (what a great "problem" to have, by the way!). Instead of getting a 2nd position loan on all of the properties, I refinanced 1/2 of them with a national rental property lender, upping the leverage to 75% LTV, and then paid off the other half of the properties. (I'm so glad I did this because having free and clear properties is every investor's dream come true!)

Once the other half were debt free, I took them to a local lender who gave me an 80% LTV (first position) line of credit on those properties.

I'm not sure if this is the right strategy for your specific situation, but I've found it to be a great way to tap into the equity.

If you're looking for amazing property management in Chicago, look no further than @Mark Ainley!

Hi, @Julie Asmussen, @Rene Smith, @Stu Waters.

Like the others on this thread, I'd recommend @Mark Ainley at GC Realty.  I've known him and his business for years.  They'll take great care of you.

If you direct message me, I'll be happy to share all of GC's info with you.

Hi, @Daniel Shafer.

I know @Mark Ainley, Bryan Sonn, and their colleague Cliff McCue very well through our industry association.  As a property manager, Realtor, and investor, I am constantly learning from them (Cliff and I have a conference call once a quarter to share best practices).  They are top notch professionals and world class guys.  I know they will take great care of you.

Hi, @Dawna Willis.

Clifton Darnell and Will Griffin, Jr. are both highly experienced and investor-friendly attorneys in our market.  Either of them should be able to assist you with your tax sale property.

Hi, @Tim Bergstrom.

You should reach out to Clifton Darnell.  He's one of the most experienced foreclosure specialists in our market.

@David Hutson and @Josh Rodriguez, I have a great friend in the Tampa market who runs a first-rate real estate brokerage and property management company (Rent It Network - they've got 4.8 stars with 604 Google Reviews!).  If you want me to introduce you to him just shoot me a private message.

@Richie Thompson, I agree with @Jake Fugman.  My friend @Mark Ainley and his colleagues at GC Realty have a stellar reputation throughout our industry.  You should definitely reach out to see if they are a good fit for you.

Hey, Mark.  What an awesome event!

I know you're going to add a ton of value to the investors who attend because you are a dynamic speaker with as much real estate investing knowledge as anybody in the country.  I appreciate all that you and your GC Realty colleagues have taught me. There's no doubt I'm a better investor because of you and the challenging conversations we've had over the years.  I'm glad to see you giving back to the other investors in your area. Keep it up!