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All Forum Posts by: Ken Kim

Ken Kim has started 1 posts and replied 22 times.

Post: IMPACT REI TRAINING 2020 JUST DO IT!

Ken KimPosted
  • Investor
  • Chicago, IL
  • Posts 26
  • Votes 6

For some reason I get an error message for the website.  I would like to plan to attend.

Post: HELOC interest deductible?

Ken KimPosted
  • Investor
  • Chicago, IL
  • Posts 26
  • Votes 6
Originally posted by @Lance Lvovsky:

Interest is deductible so long as you follow the tracing rules

 Do you mind expanding on your description of tracing rules?

Post: Northwest Indiana Contractor

Ken KimPosted
  • Investor
  • Chicago, IL
  • Posts 26
  • Votes 6

Hello, 

I am looking for recommendations on a contractor who has experience rehab Almeria and residential units in Merrillville, IN.  Hopefully an individual that is flexible and has a solid crew.

Thank you,

Ken

Post: Gathering Interest: Lincoln Park Meet up

Ken KimPosted
  • Investor
  • Chicago, IL
  • Posts 26
  • Votes 6

I am interested as well.  I am a passive investor with a couple properties in the area, but I am trying to learn how others are in real estate.

Ken

Post: Chicago South (and suburbs) Meetup 11/3 !

Ken KimPosted
  • Investor
  • Chicago, IL
  • Posts 26
  • Votes 6

I am going to try to make it and just sent my request to join the meetup group.

Post: Chicago South ( and Suburbs) Meetup 8/25!

Ken KimPosted
  • Investor
  • Chicago, IL
  • Posts 26
  • Votes 6

I'll be coming from NWI.

Post: Am I being screwed over by listing agent?

Ken KimPosted
  • Investor
  • Chicago, IL
  • Posts 26
  • Votes 6

Nat - I see your point on the listing agent not having to split, but this comes with risk as now the listing agent would look to maximize as there is no other side representation to keep it "reasonable".  I think others have stated this more than once.

Likewise, I would walk if it goes over my parameters and keep on good terms and if this action prompts the listing agent to prompt why you walked, I would take that opportunity to explain to him/her what I am looking for and go from there.  Ultimately, this will be a lesson for everyone involved.

Hope everything goes well, 

Post: Networking: Downtown Chicago Investors

Ken KimPosted
  • Investor
  • Chicago, IL
  • Posts 26
  • Votes 6

I agree with Brie that parking is always challenging downtown.  Good to be back!

Mat - I live in the loop and can connect if you are still interested.  I work in NWI and my hours are all over the place but I am pretty flexible.  I am usually in the south loop or the loop.

Post: Business Loan to Finance a Deal

Ken KimPosted
  • Investor
  • Chicago, IL
  • Posts 26
  • Votes 6

I have received similar mails and have not pursued them.  There wouldn't be any harm calling them and obtaining terms and rates.

Post: How do I quit my job and invest full time instead

Ken KimPosted
  • Investor
  • Chicago, IL
  • Posts 26
  • Votes 6

My advice is keep the job and build a savings and continue what your doing going from one property to another. Even think about rentals on some for building monthly cashflow.

To me, the benefit of real estate with a full time job and cashflow from rentals, it helps reduce your AGI and overall propel you towards even more cash.

Also, look to join a real estate investors group/club in your area and learn more on this website as I read about others on here going from 0 experience to 100% full time REI than I could have ever imagined.

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