All Forum Posts by: Listiarso Wastuargo

Thank you so much for the kind word folks.

And yes! Any leads would be highly appreciated!

The numbers look amazing on paper. Heck, I've even done 3 successful BRRRs there

But the fact that the city and the state it's so anti-landlord is very frustrating.

I have a property in the middle of BRRRR that I've finished remodeling. Bought it for $105k, do rehab and repairs worth of around $50k. I expect that it would be worth around $200k and can do full BRRRR. Then when I wanted to rent it out, suddenly an armed squatter take possession of the property. It's been 8 months since then. The police, sheriff, and what not can't help. I can't turn off the utilities for whatever reason.

And I keep piling property tax bills, and violations from the city for whatever reason, and the property was just laying there with squatter that I can't evict

Anyway, now I have this property at 5144 S Princeton, close to Washington Park, where I need someone to help remove the squatter, or even buy it for cash. I am willing to take a loss after all the repairs and remodels I did to the house.

I am just so done with Chicago

I have 2 rental properties which is recently rehabbed (almost 12 months after purchase). I bought them with conventional loan around $80k. I put around $30k repair on each of them. I expect the ARV to be around $180k, though I'll be conservative and put $150k as my target. Both properties are rented for $1600/month.

I want to tap into their equity. But I don't have a job right now due to family reason so my DTI is pretty bad (my other properties are reporting a loss in my tax return last year).

What's the best option that I can use to tap into the equity? I want to use the money to rehab my other property and do another BRRRR. That's why I prefer to do HELOC cuz I want to get low interest rate and a way to easily pay back my loan without penalty.

My credit score is 660.

Any help is appreciated!

Thanks for the kind word folks. Yes I've done couple of BRRRR before and have been loving it so far (though such deals are hard to find). I am not eager to change market as forming a new team is such a pain (especially finding good contractor and property manager). But I do plan to look at deals outside of my comfort zone and hoping to start with 4-plexes in the new area until I can start branching out into 6-20 units in those markets.

Thanks all for the warm welcome! Would love to checkout Columbus Ohio. Haven't done any market research there but I am down to open new markets there!

Hi folks, my name is Listiarso from Seattle. I am a software engineer with a full-time job (W-2 earner here!) with MASSIVE interest in investing (stocks, real estate, private businesses and startups). I've been investing in real estate for the last 2 years, currently owning 12 units of properties (hopefully 25 units in next 2 weeks) out of state (Memphis, Milwaukee and Chicago are my market).

My main strategy is BRRRR, slow-BRRRR (BRRRR but buying it with conventional financing, rehab the units, and refinance after seasoning period) and buy and hold in C / C- neighborhood in high cash-flowing area, focusing on Section 8. My goal is to get to 100-200 units, hopefully in the next 2 years with aforementioned strategies.

I've been listening to Biggerpockets since the beginning of my real estate investing journey and it has been very influential to my real estate career journey. I am joining the forum since I would love to network and contribute back (it's my aspiration to show up in Real Estate Rookie Podcast).