All Forum Posts by: Francisco Sobral

@Scott Dixon thanks for your reply! 

Yes I've seen a couple of other posts that mention the high taxes on a lot of the properties in Urbana, I'll definitely keep that in mind. I was thinking of focusing on properties closer to the campus with the thought that these might be able to have slightly higher rents to offset the taxes, but if the numbers don't make sense, I won't pull the trigger on any of them. 

Any other areas in central Illinois you would recommend looking into?

Hello Bigger Pockets Community!

I've started looking at properties near my alma matter, UIUC (Go Illini!) and have a found a couple of places that have caught my eye. I have enough cash saved up where I can afford the 20% down for some properties I am interested in. I've interacted with a couple of agents and they don't seem like the best fit for someone that is starting to get into real estate investing. Does anyone know any real estate investing friendly agent you can refer me to?

Additionally, I am using Better.com as a lender because I really like how easy and simple their website works and how transparent they are about costs. Does anyone have experience dealing with them when making offers?

Also, if anyone is interested in the Urbana market, I would love to connect with you and discuss further!

Best,
Francisco

I think the real question here is what is going to happen at the end of the year? The FHFA extended the foreclosure moratorium until Dec 31st. If the economy rebounds by the end of the year (it won't), how will certain sectors of the economy that have been most affected by COVID be able to recover? 

Regarding COVID, you are kidding yourself if you don't believe in a harsh winter in the United States. The other factor is, are people actually going to return to their offices when the "new normal" is established? How will this affect the real estate market? Will urban living be less expensive as a result? There are many variables to consider. 

Personally, I believe there will be an increase in supply once the foreclosure moratorium ends, which will meet or exceed the increase in demand due to low interest rates. Thoughts?