All Forum Posts by: Ronan M.

@Patrick Britton see above. 

@Brie Schmidt  thanks for the mention.

@Account Closed...hey and welcome to BP !!

Thanks for the mention @John Warren

@Youwei Chen

It was last sold in 2013 for $42K.

Area has its challenges. I invest in that area. Need to make sure you get solid well qualified tenants.  Vacancy would be higher than average but that could be helped by the quality of your units and your price.  Need good property management. PM me if you need a recommendation. Thx

@Jay Garrison its not uncommon to make offers on properties without seeing all of the units. Especially multi family properties. But immediately after you have the property under contract all units should be available for you to see.

As to the price, you might very well have dodged a bullet for a 2 Flat in Englewood at $160K unless it was super nice. But prior to even making an offer you should have received or requested a Comp Report from your realtor. That Comp Report would have told you before you even set foot out the door if the asking price was realistic.   And sending a rookie buyer out to see a property on their own is not a good practice either. 

In the absence of some good advice from your agent your "gut feeling" to pull out on this one might have been the right decision.   

Hey its nice to work with family and friends but when its your money on the line you need a profession that knows that particular area well and has totally got your back.

Best of luck. 

Congrats @John Warren and best of luck with the new property. 

Thanks for the mention @Brie Schmidt and @John Warren

@Deepak Kumar as an out of state investor Austin and some other areas would be huge challenge. If the Southside of Chicago is of interest to you the following areas might be more suitable. 

Chatham/Grand Crossing/South Shore/Woodlawn/Jackson Park HIghlands/Brainerd/Bronzeville/Kenwood

Feel free to send me a PM if you need any more info.

Thx

@Calvin Lipscomb

What size loan are you looking for ?  That might help me direct you. Some banks I work with have loan minimums for commercial.

For the short term requirements are you looking at HML as an option ? If so I might be able to refer a few good reputable options.

Let me know the above and it will better help me direct you. Thx

Hi @Bob Floss II

Shoot me a PM about this if you have any more info. Or the address and I will go check it out. Might have interested parties. 

Thx

Hi @Nathaniel M Cooper I am an investor with properties on the South Side (Grand Crossing, South Shore and Chatham) I am also a licensed Real Estate Agent. Feel free to reach out if I can be of any assistance to you.  I come across some good opportunities on the Southside every now and then. Also you mentioned you might try wholesaling. Keep me in mind if you find any good deals. May have interested parties.  

Best of luck to you.

@Connor O'Brien That's for sure. An apt full of trash is by far the better of two evils. Trash can't ask a judge for a Continuance or file for Bankruptcy.  Good job. Glad it worked out.