All Forum Posts by: Frank S.

I am mostly looking for income properties at the moment. Also looking into some possible fixer-uppers and REOs that I can get rented or flip depending on the situation.

I have not been to any investor club meetings quite yet. I found two in the area. I'd like to check one out soon to see what they are about.

Ryan, I am initially focusing close to home in the South, Southwest suburbs and NW Indiana. Once I can commit full time I will focus more on other areas.

The screen name really has to do with neither soccer or hockey. I couldn't think of a clever screen name so I figure I'd make one that reminds me to focus on my goals. Haha Oddly enough though goalie was what I always played in both those sports as a kid

Thanks Rodolphe! I am hoping to find that balance. I have a fairly good feel for the local market and I looks like there are lots of good deals to be had. One thing that seems to be snagging me up right now is the lack of call backs from realtors on these REO listings. Any advise on how to get these people to respond? You would think they would be interested in making some money.

Hi! My name is Frank. I am a relatively new investor and I have been lurking on this forum for a few weeks.I must say that I am loving this site and the wealth of information available here. I have not been in the real estate investing game for some time now. I am looking to get back in head first. My plan is to focus on acquiring cash flowing properties to build equity over time. I have some equity to put into a property but not really enough to acquire a 6 unit or larger property(which typically seems to be the tipping point for cash flow). I am looking for ways to increase my downstroke on a mulitfamily property. I have been looking into acquiring some single family foreclosures in the meantime but I am not sure if I should fix and sell the property (which could result in some carrying costs in this slow market) or if I should buy fix and rent for roughly break even cash flow and wait out the market. My other option (which I am somewhat unfamiliar with) is to try and wholesale the properties for a quick buck. I am a little reluctant to jump into this because of my lack of knowlege.

I would love to hear all your thoughts on how best to proceed.