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All Forum Posts by: Krystal Stowe

Krystal Stowe has started 1 posts and replied 16 times.

Post: Is anyone on BP investing in Englewood, Chicago?

Krystal StowePosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 16
  • Votes 4
Originally posted by @Steven Lowe:
Originally posted by @Bob Floss II:

@Xavier Alicea I've had clients make money investing in the area, but it requires some extra care. First obstacle is finding a good contractor. Most quality contractors won't even bid on a property in that area for fear of having their tools stolen and dealing with problem people coming around the property. Second obstacle is keeping the property secure. I've seen rehabs get almost to completion and stripped down to studs over night. Third is if you plan to keep as rental property. Rent collection can be a huge challenge. If you can find solutions to these problems, you can make it work. 

I had three break-ins at the last project I did in Englewood.  The first one, they climbed up a power pole and disconnected the power to the building, then up a tree and smashed through a 2nd floor window.  They stripped the service, took a couple of furnaces and hot water heaters.  Oddly enough, they left the copper plumbing untouched.

The second time there was a camera/alarm system with a battery backup.  We saw the video.  These guys were all dressed like Batman...black hoods, black masks, gloves, sunglasses.  They knew where the cameras all were...they managed to mostly avoid getting filmed.  They again took the furnaces and hot water heaters and left the plumbing, probably because the cops showed up shortly after the alarm went off.  

The same day, after the cops left, we hired a company to put two of the meanest German Shepherds (and I love dogs!) I've ever seen in the house.  Wouldn't you know it, a few hours later, the dogs caught the same guys coming back for another go round, probably to grab the copper.  The video was kind of comical.  The thieves broke into the basement this time, and one of the dogs did like a Bruce Lee flying leap right at them with its mouth open.  The perps somehow managed to pick up a door slab and use it like a shield.  Got pinned down though, cops showed up, and they were arrested.  

No more break-ins after that.  So in conclusion...Dogs rule.  

What company did you use to put dogs in the building? I'm thinking of purchasing in that area. I see investors are purchasing in the area and think it may be a good move.

Post: 22yr old investor and my plan. Would love your feedback

Krystal StowePosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 16
  • Votes 4
@Michael Ealy Great comment! Made me realize my plan is just a wishlist. I'm going to use this comment to create a solid plan.

Post: 22yr old investor and my plan. Would love your feedback

Krystal StowePosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 16
  • Votes 4
@Emile Papillon "How to Invest in Real Estate". It looks like a typo.

Post: Purchased my first property!

Krystal StowePosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 16
  • Votes 4

Wow! Congrats!  This must be exciting for you! Seeing stories like yours are very inspiring. Good luck!

Post: How I was able to Increase my Credit Score to buy my Dream home!

Krystal StowePosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 16
  • Votes 4

Thanks for sharing this! I will definitely be checking them out. I am glad this worked out for you.

Post: My first deal

Krystal StowePosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 16
  • Votes 4

Congrats!

Post: New member in Lafayette, Indiana

Krystal StowePosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 16
  • Votes 4

Hi, Tyler! Welcome!  As a fellow new member, there is ton of information here and everyone is so nice and helpful.  I wish you luck in your endeavors. 

Post: Ok, You've Signed Up for BiggerPockets.com . . . Now What?

Krystal StowePosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 16
  • Votes 4

Hey, everybody.  I'm a newbie in Texas.  I'm not sure how to get started so I read blog posts and listen to the podcasts.  I don't even know how to interact on here outside of commenting on post and congratulating other members on their success.  Any info will be appreciated.  I will definitely be checking out the "How to Get Started" post.  Thanks!

Post: Our first Rental

Krystal StowePosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 16
  • Votes 4

@Elizabeth San Miguel I'm hearing a lot about the market in Denver.  Good things.  I'm excited for you as you embark on this journey. Congrats!

Post: Got my first phone call from yellow letters!

Krystal StowePosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 16
  • Votes 4

Congrats!

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