All Forum Posts by: Federico Gutierrez

Give FB a try for a week to see how it pans out. So far I've had a lot of interest let's see if they actually turn up for the showing

Great idea. I haven't used it for rental listings BUT I will for sure try it out. 

Zillow now charing $9.99/wk for a rental listing. Greedy scum since they didn't turn profit this quarter. They say you IF you don't get any leads after a week it's free....but I know if its any leads like you get as a Real Estate Agent I'd rather take a bullet to my head as they are not quality at all

What other sites are landlords using that are FREE?
Craigslist?

Hotpads and Trulia are owned by Zillow so no getting around that.

Just seeing what other landlords are doing to work around this. OR if they have noticed their PM up charging them now for advertising on these websites?

Can we get specifics about the property? OR am I missing it?

What kind of commercial property is this? How many units. Where is it located?

Have you looked in the area to compare like for like properties and seen how much those properties are being assessed for?

Why is your PM not advertising for the tenant or are you self managing the property from Nevada?

Short term, buy $60000 worth of AMZN stock. You'll gain much quicker growth on your money and wait for a the foreclosures  to start racking up then go buy a property. 

Chicago is too tenant friendly. You only asking for headaches and loss of profit. 

You may want to specify where your properties are. West or East side 

Just because it's not in or is in an investing book doesn't make it the law. 
Times change and lenders will change with it. Right now Covid is new and Lenders will want to protect themselves especially if you're not seasoned and don't have a track record of rehabbing properties.

I'd reach out to several lenders DIRECETLY and shop around and see what they tell you. Everyone out here giving their opinions from what I'm seeing is not a lender apart from @KB Collins

No you can't ask anything like that cause no one holds a crystal ball if their job is recession proof. You can't ask if they have savings and proof of it but then when do the questions stop for you to feel "safe"?

End of the day you're investing so there are will be risks. If you can't handle the risks then you shouldn't investing. Keep your money in cash and watch it not grow.