All Forum Posts by: John White

@Joshua Zajac I'm always interested in meeting people with similar goals in the area - and beer and coffee are both my thing, all depends on the time of day, haha. And if you serious about the area I'm sure you can find a good realtor that would pull comps for you off of MLS. Do not rely on Zillow, Trulia, etc..

@Meghan McCallum +1 on the quality tenants.  I have several responsible, successful friends who rent (for varying reasons) that would be approved to buy in a heartbeat.  

Hi Josh, I have set the same goal for myself - to buy at least my first rental in 2017. I live in Sterling and have done two very successful flips (I also do 100% of the rehabbing myself). I am currently living in a house that I am rehabbing and then plan on using a HELOC to start BRRRing. I am also a licensed Illinois home inspector and most of my inspections are in the Sterling/Rock Falls area - so I have some insight. If you plan on investing in Sterling - be careful! Yes there are tons of houses here under 50k, problem is 99% of them aren't worth investing in (at least in my opinion). It can also be tricky to find comps - they are all over the board, and there doesn't seem to be much rhyme or reason to what sells and what sits on the market. I'm definitely not trying to discourage you from the area, I'm investing here, and it is an inexpensive market with potential and there is a high demand for quality rentals - just proceed with caution. If you have any questions about the area or a specific property feel free to message me.

Thank you everyone! I am excited to begin increasing my knowledge. 

Patrick, yes the vast majority of what I inspect/have inspected is SFH and small multi-family.  I have done a few commercial properties, no large multi unit/complexes.  I definitely could do them there just isn't a lot of them where I live. 

Hello! I am a licensed Illinois home inspector.  I have done a few successful fix and flips in my area.  I am interested in acquiring rental properties.  There is a very high demand in my area for rentals - and the idea of a more steady cash flow sounds great too me.  I will of course always have my eye out for the next "perfect" flip as well.  I look forward too any and all advice/input I can gain from this community.  And of course any advice or help I can offer I will do so.