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All Forum Posts by: Martin Vehlow

Martin Vehlow has started 1 posts and replied 204 times.

Post: 84.53% return -- Fix & Flip -- Thank you very much

Martin VehlowPosted
  • Real Estate Agent
  • Wauconda, IL
  • Posts 208
  • Votes 99

Wow, this is awesome, congrats!!!

Post: Working with Rosebud Investments LLC

Martin VehlowPosted
  • Real Estate Agent
  • Wauconda, IL
  • Posts 208
  • Votes 99

Hey @Kia DeBose, welcome to BP! All the information you need is here on BP, for free. Whether on the podcast, YT channel, searching through older forum posts, articles, it's all here. 

Real estate is local. Someone in another state will have limited knowledge of your market. 

Or, not sure if your library has this, but my library has the Hoopla app where I can digitally borrow ebooks or audiobooks for free. I would use this to start by reading some of the great investing books that are out there.

Post: New Member from Mchenry, Illinois!

Martin VehlowPosted
  • Real Estate Agent
  • Wauconda, IL
  • Posts 208
  • Votes 99

Welcome to BP, @Sergiu Micula! My wife and I house hacked a four-plex as well to get started, it worked out great!

Post: Graduating in 4 Days, Wanting to Buy a House ASAP: Breese, IL

Martin VehlowPosted
  • Real Estate Agent
  • Wauconda, IL
  • Posts 208
  • Votes 99

PM'd you!

Post: Critical research yet basic knowledge I'm sure

Martin VehlowPosted
  • Real Estate Agent
  • Wauconda, IL
  • Posts 208
  • Votes 99

Glad to hear it, nice job! 

Post: Critical research yet basic knowledge I'm sure

Martin VehlowPosted
  • Real Estate Agent
  • Wauconda, IL
  • Posts 208
  • Votes 99

Sounds good, hope it goes well! As far as I know, it's not public information that is published online, generally. 

Post: Wholesaling Newbie Here

Martin VehlowPosted
  • Real Estate Agent
  • Wauconda, IL
  • Posts 208
  • Votes 99

I would talk to your attorney about all these questions, including the legality of advertising it publicly. Here in IL you have to have an agent's license in order to wholesale, not sure what it's like by you but they should be able to answer all these for you. 

All the best!

Post: Critical research yet basic knowledge I'm sure

Martin VehlowPosted
  • Real Estate Agent
  • Wauconda, IL
  • Posts 208
  • Votes 99

Have you called the city building department and asked why? Tell them you might want to purchase it but want to know more first, they'll probably be able to share more details about it.

Post: Graduating in 4 Days, Wanting to Buy a House ASAP: Breese, IL

Martin VehlowPosted
  • Real Estate Agent
  • Wauconda, IL
  • Posts 208
  • Votes 99

Awesome about graduating with no debt, way to go! Have you looked at the house in person? Do you know what is wrong with it and what it would cost to fix, if it makes sense? Sometimes structural and larger issues may not make sense. 

You can borrow money from a private lender (parents, relatives, friends, etc) or pay a hard money lender to finance it, but your numbers all have to be solid.

If money will not be an issue a month from now, why not wait and find another deal then? 

Post: First Duplex Down, many more to go!

Martin VehlowPosted
  • Real Estate Agent
  • Wauconda, IL
  • Posts 208
  • Votes 99

Awesome, congrats!