All Forum Posts by: Ryan Jang

@Brie Schmidt 

I know you mentioned you got into commercial /bank financing. What are some requirements to secure those types of financing?

Ryan

In State / Out of State? In state, Looking at cheaper suburbs for now.

Strategy? Wholesale, keep a job until I build credit history and get funding to do flips and holds

Type of properties? SFH

Looking for? anything

Can offer / knowledgeable about? Just became a broker, can give you possible leads/ deals Chicago area

Some of his stuff is good, but a little too expensive. you can get the same education here in Biggerpockets. There are some good free articles though on real estate mogul I definitely learned quite a bit from that website. Don't do any of the private coaching stuff. Way too expensive.

Hi, new in Real Estate and I am looking for experienced Chicago area investors who can help/partner with me with wholesaling & flipping. I am trying to learn as much but I think the best way to learn is to learn in-field. I am especially in need of learning estimating repairs and cost calculations. I can be like your intern and do general works for you, or/and I can also provide you leads from marketing campaign and maybe we can split profit while we work together. Please let me know if you have anything in mind, whatever you can offer I will try to give to you as much as possible also.

Thank you.

I already did. Honestly, I've read and studied a lot of stuff before I started and more education is making me more confused and I learned more by venturing out and learning it step by step.

I just started in a wholesaling business and in need of help getting my first deal done. I got some leads but I need help evaluating... The houses on this street that has the same lot size go for about 90,000 ARV but the living space is way smaller in size about 1000sqft 2-3 beds and doesn't have 2 buildings like this one.

Sellers asking: 135,000 but can go lower (he wasn't sure)

2 Buildings in this lot

Currently Rented & Tenants paying on time

House 1 : 4 Bed, 1 bath + Basement

House 2 : 2 bed, 1bath (Coach House)

House1: 1200/month, House 2: 850/month

Total Rent: 2050

Building Type: Stucco

Living space about: 2000 sqft possibly bigger

Lot Size: 3660sqft

Year Built: 1941

Repairs done: Central Air recently installed

Seller says does not need significant repairs.

Seller is a tired landlord and wants to get rid of a few properties

What would be the possible ARV? and what should be my offer just by looking at this information? I was thinking 110,000? is that too high? I have no idea how I can evaluate I am afraid if I put this house under contract too high there would be no buyers. I tried to find comps but there are no property near that has 2 buildings like this. Any help much appreciated!