All Forum Posts by: Elbert D.

I'm very glad someone made this thread. I actually want to get into commercial estates. But here in Illinois those are sold very fast. It's like you need to have multiple connects to make them work. Honestly I don't know where to start. But I'm a fan of the listings of commercial estates that were named. I would like to begin selling and also holding onto buildings like large multiple family units such as 15-30 units. Large apartment buildings such as 40-70 units and hotels 100-300 units. Warehousing is definitely on the rise for industrial purposes but I'm surprise no one has mentioned hospitals. I would love to buy and hold onto hospitals and nursing homes.

First I would like to say grant cardone is one of my favorite people. He's very funny and what he says about the system we live in is spot on and his thoughts on life in general is great. But to get to the question at hand most people who are wealthy build the habits of eating right, getting proper rest and exercising as the foundations of having a better overall quality of life. When you eat and exercise this affects the way you think. It isn't just statistics. It's proven(you should try it) not to mention the recovery you need to by sleeping. So that's needed. Next is getting your mindset right. Almost every successful person at anything talk about how everything is mental first and foremost. So you can't be wealthy by having a poor mindset. Getting your mind right by reading and learning in all forms is very important. Improving upon yourself daily will eventually take place and by taking the necessary steps of executing the things that are needed to achieve whatever you want. I know I'm not a millionaire yet but I think the foundations that make up the character of a wealthy person is persistence. Self control. Focus. Discipline. And lastly and most important is helpful. I say helpful because the world is generally very selfish by nature. The world is based on instance gratification and generally when you help people you see more results in life. Granted a lot of people are takers but I believe in karma. When you give or help people constantly you will see the fruits of your labor. Also by nature most entrepreneurs are helpers and creators. They create, build or improve something that makes a change in a person or a group of People lives. So I'll end this with Help someone!

Marcos Brandon how's it going Crystal Smith was pretty much spot on. I'll flip SFH and rent out multi families. Running the numbers for CCR or ROI potential that's normally what yields the best results for my investors whom I sell to. If you need any help let me know. Also stay away from high crime areas(makes the properties hard to sell or to rent out, use Trulia). Those areas you name are pretty decent locations. But be mindful it's very hard to find good deals right now all across Illinois. Last but not least pay close attention to the taxes. They can destroy your ROI or CCR.

Lance Card how's it going, well Rebecca is right Illinois does have some upside to investing here. I have some out of state investors from California, Colorado and New York that want to invest in chicago. Good ROI on flips are kinda hard to come by as of now. But it's only because the market is so tight right now. But even for cash following rentals it's not uncommon to find something for 15% on average. The deals just aren't as plentiful. Also if I were any of you guys from Utah looking to invest in the Midwest I would take a look at Indiana as well. That market is just as tight as well but the taxes are much cheaper and overall cost of living is much cheaper than Illinois. Let me know if you need any assistance with anything. We have our own rehab crew as well as property managers for out of state investors as well as international investors. This is for both Indiana and Illinois markets.

@Crystal Rubaine I know university park and the south suburbs of chicago very well. 

@Richard H. 

What's making a lot of Florida investors want to invest in Illinois? lol I actually want to know. Florida market is dry right now? Right now Illinois is pretty tight as well some stuff pops up here and there. I have two high end off market flips right now and they are going go very fast. But some of you guys from Florida should consider looking into Indiana as well. Northwest Indiana is an extension of chicago and I usually get deals there as well. Along with Indianapolis if the cash on cash or ROI numbers are looking good for my investors. By the way you should register your LLC as a foreign entity if your going do business here. Oh yeah and your going need a attorney for Illinois as well.

@chris Titcomb is pretty good

How's it going Justin DeCamp welcome to BP. Can I ask what made you want to start off with notes? What areas are you looking to invest in? What type of ROI are you looking for? Are you only open to notes in chicago? Would you look into Indiana as well? Indiana is cheaper on the taxes and overall more REI friendlier than Illinois. What me and my partner do is make the transition very smooth for investors like you. We have our own rehab crew, property manager, and realtors to provide the best ROI when doing business. We are aiming to make the investor happy so that you come back to us for more properties. Our business operation is very honest and straight forward. If you need any help with deciding where to start or any general advice or direction send me a PM.

Bill Fleener I forgot to ask if you were looking for wholesalers? I am one(although don't like the title because of how other wholesalers are perceived) what areas are you looking to invest in and what type of Cash on cash return are you looking for? Also you might want to consider Indiana as well. Taxes are lower and CCR numbers are slightly better. We have our own property manager and rehab team for northwest Indiana and chicago. So if you need any help let me know.

WRCT is the best REIA meeting I ever been to. Everyone there seems honest and genuinely try to help one another.

Just to let you guys know there is a pretty awesome group near Chicago called WRCT. They are by far the best REIA group I been to. They don't try to sell programs and it's more educational and deal presenting than selling you on something. If any of you are close. I'll suggest coming down sometimes. I actually would love to network more with Milwaukee investors.

By the way near midway there are blocks of multi unit houses. You should definitely consider looking there as well.