All Forum Posts by: John Van Uytven
John Van Uytven has started 28 posts and replied 521 times.
Post: Insomnia = $10,000

- Property Manager
- Oconee, IL
- Posts 536
- Votes 202
Last Sunday I met a friend for a late dinner and then we had a coffee after.
Having a late coffee I stayed up late as well.
I was able to find a motivated seller who needed their mobile home sold and moved quickly because they are being evicted by their MH Park.
Asking price $1,000, repairs $2,500, and moving $1,500. We can fix this and sell it for roughly $15,000.
We also might wholesale it to an owner occupier or sell it to a mh park to rent out.
Post: Would you travel 7,531 miles to attend a Real Estate Happy Hour in Korea?

- Property Manager
- Oconee, IL
- Posts 536
- Votes 202
Thanks for posting this, much better than my pictures.
I had an amazing time.
Great writing as well, you should definitely start a blog.
Post: Podcast Problems

- Property Manager
- Oconee, IL
- Posts 536
- Votes 202
I did try that, and it doesn't work now either.
They all start with streaming now.
I don't know what to say.
Post: AirBNB: An interesting house hack model?

- Property Manager
- Oconee, IL
- Posts 536
- Votes 202
One of our meetup members here in Seoul is doing this with her 2 bedroom apartment.
She has strict guidelines on who she allows to stay with her in her apartment.
1. Obviously good ratings.
2. She wants to see their facebook account to make sure they are not insane partiers or just plan insane.
Post: Wholesaling properties with tenants that don't pay rent

- Property Manager
- Oconee, IL
- Posts 536
- Votes 202
Off them cash for keys.
That is the easiest way to get them out.
At least the process has been started to evict them.
Post: I Passed my Illinois RE Broker exam yesterday!!

- Property Manager
- Oconee, IL
- Posts 536
- Votes 202
Post: Podcast Problems

- Property Manager
- Oconee, IL
- Posts 536
- Votes 202
Still having the same problem.
I don't know why either.
Sorry I can't help more.
And no you can't right click a Note 3.
PS really enjoyed the newest show. I had to fight back some laughter in the coffee shop I was in.
Post: Primary Residence as Jump Off to REI?

- Property Manager
- Oconee, IL
- Posts 536
- Votes 202
HELOC's are a common way for people buy property.
It is still a loan based on equity. If your equity goes down for some reason you won't be able to get as much as you put in.
Putting your cash flow in savings maybe the better option. At that time as well, you may want to move. Then you can put a down payment on your next place and keep this mortgage in place.
Post: Retirement Plans

- Property Manager
- Oconee, IL
- Posts 536
- Votes 202
Can you explain how it works?
I have never heard of something like that.
Thanks
Post: Is Aurora IL a good city to own rental units in?

- Property Manager
- Oconee, IL
- Posts 536
- Votes 202
I'm just down state and I wouldn't know the details of the area.
But have you tried contacting the city of Aurora?
Ask them about their fees and policies.
When you find a property you are interested in, ask the landlord or find a good real estate agent and ask them.
Sorry I couldn't be more helpful.