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All Forum Posts by: Elbert D.

Elbert D. has started 38 posts and replied 627 times.

Post: My value add... Software Engineer Expertise!

Elbert D.
Posted
  • Real Estate Entrepreneur / Investor
  • Chicago, IL
  • Posts 688
  • Votes 367

@Chris Lopez that's understandable and that's smart as well. I just figured I'll asked because several investors from California are investing in the Midwest. But for you or anyone here we have our own rehab crew as well as property management crew. We want to make the process of investing out of state easy for investors as possible. But I totally respect your decision because I'm not investing anywhere other than chicago or northwest Indiana myself lol. It definitely takes courage, detail knowledge of the area and having good connections to succeed. 

Post: My value add... Software Engineer Expertise!

Elbert D.
Posted
  • Real Estate Entrepreneur / Investor
  • Chicago, IL
  • Posts 688
  • Votes 367

@Derek Scruggs I totally understand. It's just something I threw out there haha. Northwest Indiana is also available as well. Investors have their pick of which one they want. We can definitely keep in touch and you or anyone else can let me know if you need any help. 

Post: My value add... Software Engineer Expertise!

Elbert D.
Posted
  • Real Estate Entrepreneur / Investor
  • Chicago, IL
  • Posts 688
  • Votes 367
It's interesting to see a fellow SWE invest in real estate. There are a few people from Colorado and California that are looking to invest in the Midwest like northwest Indiana and certain parts of Chicago because the returns are much higher for rentals and flips(sometimes lol) my question for the people that posted already do you only plan to invest in the local locations or are you guys going invest out of state as well? Rather it's sooner or later I'm curious because I was thinking of relocating to Denver or Northern California(it's expensive I know I know) but the investors that I have worked with love the deals I have presented to them.

Post: What should I consider a good cash on cash return for chicago

Elbert D.
Posted
  • Real Estate Entrepreneur / Investor
  • Chicago, IL
  • Posts 688
  • Votes 367
Dave K. Sounds good. Let me know if I can help

Post: What should I consider a good cash on cash return for chicago

Elbert D.
Posted
  • Real Estate Entrepreneur / Investor
  • Chicago, IL
  • Posts 688
  • Votes 367
Dave K. How's it going. I have a couple of investors that invest up north in chicago. It's fine if they are aware of the limited cash flow and appreciation ceiling. Those areas are very expensive because they are well developed. The property taxes are high as well. I wouldn't recommend any investors invest there for cash flow since there are better opportunities available on the west and south side of chicago as well as the suburbs as well. But if you are head set on investing up north than that's fine too lol do what you want . For the most part I only send 11% cash on cash return or better to my investors and that's difficult to find in those areas of North chicago. Now if you are trying to flip up north that's different. But even then it's hard to find a good one because I'm sure if there are good deals located up north chicago it will be gone in a day or two. Anyone can PM me for tips, advice or looking for assistance. Thanks

Post: Wholesaling commercial buildings

Elbert D.
Posted
  • Real Estate Entrepreneur / Investor
  • Chicago, IL
  • Posts 688
  • Votes 367
Get a very good relationship with a bank. It's going be very hard to wholesale commercial because there's a list of other people that get a chance to sell it before you do.

Post: Did anyone see the new Solar Roof from Elon Musk?

Elbert D.
Posted
  • Real Estate Entrepreneur / Investor
  • Chicago, IL
  • Posts 688
  • Votes 367
I love Elon musk as an entrepreneur. He strives for greatness and is a true engineer and business man. I have to agree with Nathan Gesner it's just a cool idea for now just like hyper loop. But these are the type of innovations and inventions the world needs in order to get better. I hope all of his products are successful and get better with each iteration.

Post: Looking for a realtor/agent

Elbert D.
Posted
  • Real Estate Entrepreneur / Investor
  • Chicago, IL
  • Posts 688
  • Votes 367
Corey D. McCray I sent you a PM No other realtors have work with wholesalers??????

Post: New Real Estate Investor in Chicago

Elbert D.
Posted
  • Real Estate Entrepreneur / Investor
  • Chicago, IL
  • Posts 688
  • Votes 367
Hello Leslie. I sent you a PM and email.

Post: Looking for a realtor/agent

Elbert D.
Posted
  • Real Estate Entrepreneur / Investor
  • Chicago, IL
  • Posts 688
  • Votes 367
Hello everyone, I'm looking for a realtor/ real estate agent who has worked with wholesalers before. Please PM me for More details.