All Forum Posts by: Eugene Rogachevsky

#1: Hi @Daniel Hynes. Is this an off-market property? Are you getting a loan or all-cash? Does the seller own it free and clear or do they have an outstanding mortgage? What's the asking price and how much are the current rents? Is there room on the lot to build an additional unit/ADU? Low-balling is a good idea if it actually gets you the property. Often times it prevents any further discussion as the seller has been low-balled plenty in the past and is aware of what they have and have their own reasons/motivation for listing it at the price they did. What's their motivation? Why are they selling? What are they doing with the money post-sale?

Hello,

I own a triplex in Dolton, IL that I purchased for $155,000 in 2017. The Cook County Assessor has it valued at $230,000. I don’t know if that’s the true value or if some inflated number assessor drummed up to collect higher tax.

My thought is if it really is worth $230,000+, I’d do a cash-out refi and pull out some equity. I’m having trouble finding comps for this property as Zillow, Redfin, etc haven’t been too helpful.

I was wondering if any real estate agents licensed in IL (and is familiar with the Dolton, IL area) can give me a quick comp of the property. DM for address.

Any help would be greatly appreciated!

Thank you

Eugene

Dave Foster I own an SFR in my name. I would like to 1031 into an apartment building. The apartment will be bought by an LLC I'm going to create. Any issues in doing the exchange within that type of ownership structure (sell in my name and purchase in name off single member llc?) If no issues, then what if the LLC ends up a partnership prior to purchase of the upleg. Will that nullify the 1031? Thanks as always. Eugene

I'm an investor from CA and used @Chris Titcomb for my Chicago-related issues.

Daniel Walker I'm an investor and agent from Long Beach. Let me know if you'd like to connect!

Travis Langley hey Travis. Just wondering if you were interested in selling your 4-plex. I'm in the market for one. If you are interested, please send details. Also, coincidentally I own a SFR in Sacramento that I will be looking to 1031 in the next couple of months. Idk if you'd be interested in it. Hope to connect!

Jeshanah NaraBemi I'm currently focused on short-term rentals as well in Long Beach. And looking into purchasing a 4-6 unit property to do just what you're describing. Let me know if you would like to connect and see if there is any way I can be of help!

Ash Pate are you still interested in Long Beach property? I live in Long Beach and invest there as well. Let me know if you want to connect and bounce any ideas of me.

Can anyone recommend a contractor that can do a small condo renovation in Long Beach CA? SOW --450sq studio condo --demo to studs --gut bathroom and do walk in tile shower --tile flooring throughout --minor electrical --minor plumbing --install kitchen cabinets --install quartz counter --paint Thanks in advance! Eugene

Hipolito Mendez I'm an investor and agent from Long Beach. Don't hesitate to PM with any questions you may have and I'll help in any way that I can. Hopefully we can connect soon.