All Forum Posts by: Jaime Frausto

Welcome Tavis I invest in Joliet. Let me know if I can help. Good luck

Hello Tuan, glad to see your flipping in this area. Great area. I too flip and buy and hold in this area. I am from the Joliet area Let me know if you would be intrested in JV. Good luck

Nick Orr Welcome , typically as you get into different zones such as an A zone you will find lower Cap rates as compared to D zone(war zone) I.e. D zone you can get 20ish % cap rate. Verses A zone 5-6 % cap rate . In Joliet west I look for 12%-15% cap rate in C zones. Hope this helps Good luck

Keishee Hill they want to see 6 months seasoned . I also feel very confident that I can get a private 5-6% 30yr amortize 5 year Balloon . If you approach a private lender. Retired . Who would not want to have a monthly check with a 1st lean . That's what I'm looking at.

I refi my properties with Quicken Loans. I never pull max cash out just so I'm still cash flowing and so I'm not over leverage . I do 60 of ARV. Perfect for me . Just my thought .

2 bedroom on west side in cathedral area is $750 -$800 tenant pays electric Vacancy rate less then 8%. Good luck

Agree with Mateo, I too have several in Joliet west and east. I wood feel very comfortable with a less then 8 % vacancy rate. Hope it helps.

Here's what I think and do. When I need to pull cash out on a property that was purchased by my LLC the morgage co. Makes you do a Quit Claim into your personal name. Then I just make sure I increase my insurance to $2-3 mil . Hence, being in your LLC is asset protection( insurance in a way). Then after a year or 2 I will quit claim back to LLC with knowing that if the loan gets called due make sure u have a plan. I don't know of anyone that has got a loan called due. If anyone has got a loan called due. I would like to here from them. Good luck

Congrats Aaron . I too invest in that area. Would love to give u my input by stopping by. Let me know .

I use QB as well . So far I like.