All Forum Posts by: Matt Ference

What part of St. Louis as your property. Very similar to Chicago, St. Louis can be block by block

Awesome post thanks for sharing!

Agree with @Jonathan Klemm I don’t think I/R rates are going to be getting much lower esp. w recent inflation

Welcome! I would say my biggest advice would be to start DOING once you get a general understanding of how to invest and have a plan. Definitely start networking at meetups (@Mark Ainley has a list on his website of all the local meetups) and surround yourself with people who are already doing it/ in your shoes. 

@Henry Lazerow thanks for posting this Henry. Crazy that a property like that sat for so long with not much wrong with it.

@Brandon Gates Awesome you hear your journey with house hacking and getting into RE full time! I have no experience but know some investors that would have some good advice to your questions. @Mark Ainley @Tom Shallcross @john Warren excited to keep tabs on this thread

@Matthew Boutte Check out Straight Up Chicago Investor’s website they have a page with every local meetup in Chicago. They also host a fantastic podcast! @Mark Ainley @Tom Shallcross

Hey everyone, the BRRRR strategy can be great to build wealth quicker than a traditional strategy, but it may be difficult for people to save the 20% down payment, obtain rehab or hard money loans without a proven track record, and/or finance rehabs with their own money. What financing solutions or creative combinations have you all seen that allow an investor to have that low down payment (3.5%-5%) but avoid the tough inspections or headaches from the FHA or 203k loans. Or put another way, what I am asking is if anyone has had success doing multiple house hacks where they buy at a 2-4 unit building at a discount, fix it up, and use the equity to use another low money down financing option into another property.

Hi, my name is Matthew Ference and I am a student-athlete at NIU in Dekalb, IL and was wondering if there were any investors or people in the real estate industry nearby that would want to start a meetup. Close areas include Dekalb, Sycamore, Malta, Cortland, etc.

I was wondering what are the FHA Inspection red flags in Chicago that may cause a deal to fall through?