All Forum Posts by: Justin Ericsson
Justin Ericsson has started 2 posts and replied 106 times.
Post: Terrible time to buy?

- Professional
- Glenview, IL
- Posts 114
- Votes 65
buy buy buy lol... My retirement account I wait for market crashes ... Real estate I buy weekly. Prices are going up don't wait 2 long to buy... If you wait much longer you may wait many years.
Post: Best way to use 5-10k to get started in real estate?

- Professional
- Glenview, IL
- Posts 114
- Votes 65
Originally posted by @Douglas Harmon:
Hey Gary congrats on paying off your SL's. I would highly recommend looking into FHA loans and first time homebuyer loans. With a FHA you are required to live in the house for 1 year. A great and common starting practice is to invest in a multifamily (I.e duplex, etc.) and rent out part of the residence. This is a great way to develop additional income and help with the mortgage as well as have a smaller down payment. ~5% instead of 20% with current FHA loans. Good luck!
Doug
I agree with Doug... Live in one unit and rent the other. Ask seller for a 3% seller credit to minimize your down payment.
Post: Chicago real estate prices too high?

- Professional
- Glenview, IL
- Posts 114
- Votes 65
Post: Chicago real estate prices too high?

- Professional
- Glenview, IL
- Posts 114
- Votes 65
syed I buy houses every week with lots of equity that cash flow well. I have To rehab them to get the value add but I can tell you chicago is awesome right now for deal flow. I will say if you are buying in Irving park for example it's super competitive.
What areas are you buying in right now?
Post: Investor from western suburbs of Chicago (La Grange)

- Professional
- Glenview, IL
- Posts 114
- Votes 65
David I live in chicago and can help you acquire houses to achieve your goal. I buy most of properties off maket from Freddie, Fannie, HUD via the national stabilization trust. I acquire then at deep discounts all over chicago and the suburbs at nice discounts. I can also help you with creative financing to achieve your goal faster. Let's connect soon!
Post: Closed on my dulpex

- Professional
- Glenview, IL
- Posts 114
- Votes 65
Tereal,
I also love love duplexes (2-flats here in chicago). They cash flow like crazy! Keep going and happy hunting!
Post: Canadian exploring in investing in US

- Professional
- Glenview, IL
- Posts 114
- Votes 65
Duncan I suggest you look at B2Rfinance they will fund 65% ltv for you. They do have a $300k min loan amount so I suggest you go after houses valued more than $150k to start. As far as locations I recommend chicago, Dallas, Cali (if you can find anything that cash flows in Cali). If you are looking for turnkey operators check out Turnkey-reviews.com
Post: Should I invest in turnkey properties

- Professional
- Glenview, IL
- Posts 114
- Votes 65
Josiah,
Turnkey-reviews.com lists reputable turnkey operators like my company. I would recommend starting out with a Turnkey operator and learn as you go. Once you have acquired a few properties I suggest working with a good broker in your back yard.
Post: Does anybody has a good real estate agent to recommend in Dallas

- Professional
- Glenview, IL
- Posts 114
- Votes 65
I'm also looking for Dallas agent with 20 years of experience
Post: Investing in the 'Hood', Improving Communities

- Professional
- Glenview, IL
- Posts 114
- Votes 65
glad to help any way I can! Feel free to use any of this content to your advantage in your backyard
http://changingchicago.org