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All Forum Posts by: Michael Barbari

Michael Barbari has started 22 posts and replied 358 times.

Post: weekly payments lease vs monthly

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

@David P. I have not seen this. Seems like a lot of additional transactions to verify and keep track of.

Post: Looking for Exposure and a Guest Speaking Opportunity?

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

@Brie Schmidt @Nick Versetto @Shelly F.

Thanks for the tag Brie and Nick. I'd be glad to speak about our investor products. I've helped several from BP get funding. Please share details.

Post: Month to Month versus Yearly Lease in Northern Florida

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

@Davison Horst I would caution short term leasing. Especially when it comes to lending. My bank would not add your month to month leases into your cashflow analysis. I personally do annual.

Post: Seeking Construction Loan for Spec Home in NJ

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

@Bob Green Would this work for your program?

Post: investment financing

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

@Albert Bui Agreed. 

Post: Condo Flip Chicago South Suburbs?

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

@Chris Wienke I am a buy and hold guy. I don't have experience in the rehab area. I would check out single families and duplexes in the area and start calculating cashflow. Check out what rents are going for on mls (since you are licensed) and craigslist. Good luck!

Post: Condo Flip Chicago South Suburbs?

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

@Chris Wienke There are condos going for 55k and there are some for 209k in Oak Lawn. Prices in that area have been stagnant. You will get the most bang for your buck in a SFR. Easier to rent out or sell also.

Post: Condo Flip Chicago South Suburbs?

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

@Chris Wienke Do you have a specific deal in mind? If so, please provide us the breakdown. My office is close to Oak Lawn. I am familiar with the area.

Post: How Do I Reference Another BP Member in a Post?

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

@David K. Loveless Anytime. Welcome to the site and good luck.

Post: How Do I Reference Another BP Member in a Post?

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

@David K. Loveless Put the @ then type the persons name you want to tag. You will see a list below the text box of names to click on.