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All Forum Posts by: Michael Barbari

Michael Barbari has started 22 posts and replied 358 times.

Post: PUT OUT A FOR RENT SIGN BEFORE OR AFTER REHAB?

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

Thank you @Account Closed. Great points.

Post: PUT OUT A FOR RENT SIGN BEFORE OR AFTER REHAB?

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

Thanks @Chris Erwin. I've always done it after as well but asking others' opinions as I'd hate to lose a month of rental income.

Post: PUT OUT A FOR RENT SIGN BEFORE OR AFTER REHAB?

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

Just purchased a house that needs new tile, carpet removal, hardwood refinishing, and basement finishing. I want to rent it by July 1 but it will be rough as rehab starts next week for a couple weeks. Should I have showings before and during rehab or wait until its all done? Thanks!

Post: Invest as little as $5,000. Earn up to 9%. 11 year track record.

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

@Aaron Merriman I'd like details as well. Please email me.

Post: Going through closing on my third home!!!!

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

@Chance Cooper Nice! Congratulations!

Post: Struggling with financing

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

@Brad Kirkconnell

Do you have equity in your home you can tap into and use as a downpayment if the numbers work?

Post: I just contracted to buy another 2-Flat in Forest Park, IL.

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

@Atul Mohlajee Congrats! I used to work in Forest Park and would go to all the bars on Madison Street. Great area. Let me know if you ever need a home equity as I can do them at 90% ltv on primary homes and 75% on Investment. 

Post: Newbie from Chicago, Illinois

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

@Lisa Rispoli Welcome to BP!

Post: Purchasing Property with HELOC?

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

@Account Closed I can do helocs in Indy up to 90% ltv if you are still looking. PM me if you are. Thanks.

Post: What's the benefits of Short Sales?

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

@Sheldon Alex That is completely up to you. Every investor has their preference. I'm a buy and hold guy. Many on here make a lot of money fixing then selling. Find what interests you most then take action.