All Forum Posts by: Elbert D.

House hack. Typically student loans interest rates are low. Use the time now while your young to invest. Create streams of income.

You should do a cash on cash return sheet for your rentals as well as figuring out how much you can make per year. Don't include the appreciation of the property. If it does that's icing on the cake.

Meghan McCallum wow. That's pretty dope. Keep up the great work and determination. I admire your tenacity. Especially coming from the same city.

Hey Alyse Moore It's good you are getting to REI early. Unfortunately everything is so tight right now and there is a lot of garbage out there(just being honest lol) so your picking an extremely difficult time to house hack as well as it being extremely competitive overall right now in the industry itself. Not to mention trying to find good deals in the bronzeville/HP area is very very difficult because things go very fast there. It's good you have your sights set on a pretty good area but don't just limit yourself to those areas if you truly want to jump into real estate. What I tell investors who buy properties from me is to look at the numbers and that's what I strive to give my investors. The best possible ROI for that particular property. Your in the business to make money and you want some good cash on cash return numbers. So in summary, get what you want but don't limit yourself if that makes sense lol. PM me if you want any advice.

@Hannah Hammond hey. I know Illinois and Indiana doesn't have as many good flips as some other cities but there are some subcities within each state that have over 20% ROI for flips. If you want me to explain a little further PM me.

Ariel G. How's it going. I work with a couple of investors from Israel and we have a program we offer out state investors and international investors. We find houses in Indiana and Illinois for people looking for buy and holds or flips. We have our own property managers, realtors, and two rehab crews. Although you can use your own everything if you want. If you or anyone that wants to invest in the Midwest PM and I can point out some good locations across Indiana and Illinois that would be great investments.

Estelle Angelinas hey how's it going. Well normally I would agree with what Bruce stated about not trying to invest too far from where you reside. But my partner and I have a program for international and out of state investors like yourself. We find houses SFH or MFH for investors looking to invest in Illinois or Indiana. Specially but not limited to Chicago and northwest Indiana. The program consists of property managers for foreign investors looking for buy and hold properties. We also have several realtors and two rehab teams we work with as well. So if we find you a property you can use our rehab team of guys to get the property to your liking or you can use your own if you would like. As of now I'm working with a few Israel investors and they love our program and what we have to offer. Our approach is honesty and integrity and providing substantial value for investors looking to invest in the Midwest. Now overall as of now the market is very very tight and investors are screaming for houses. But it's like that almost everywhere from what I can see. If you or anyone from Greece would like more information or just help in general about investing send me a PM and I will get right with you!

I say study engineering. I majored in computer science and got into real estate my sr year. Engineering majors are one of the handful of majors that are worth going to college for. Don't major in business. Engineering majors have a greater ROI once they graduate. They actually have the highest especially with you wanting to get into petroleum/oil. So your majoring in chemical engineering???? Definitely stick with that no more how hard it gets. Then get into real estate whenever you feel you need to. But start reading and studying up on it now. Also learn sales and marketing because that's very important in ALL industries.

We are definitely in a sellers market right now. Well let me be precise because I only have experiences with Illinois and Indiana.

South shore is a area that's improving. It's being gentrified just like Chatham and grand crossing. It's a reason why those areas are so close and investors are wanting to invest there. But there is still some bad areas here and there. It's a block by block analysis. Use Trulia to see how the block is and then go by and take a look at the block and area yourself. Nothing beats the eye test. I know all three areas very well and it just all depends. By the way if your doing rentals for those properties you could hire a quality PM to get you a very good tenant or you could screen someone extensively yourself.