All Forum Posts by: William Powers

That should not be a problem. I would suggest going to a local credit union or small bank in the area and finding out if they will finance from the start to avoid the hard money costs all together. Unless there is a time issue with paying the taxes so they don't get redeemed. Be careful you don't wait to long. BP(Bill Powers)

Andrew, Sounds like a good deal. Call to discuss anytime. My office is 1 minute from that property. Bill 2246564353

I am an investor in lake county, north of Chicago, looking for property to rent and flip.  Please add me to your list if you are a wholesaler.  

Thanks,

Bill Powers

I agree with Wendell…it largely depends on the area and the type of property and the focus of your investment.  Lake county is a great area for all types of investing, you just have to pick the right areas.  Taxes are ridiculous, so you have to have a good plan to manage if you are holding long term.  

Our office is in Waukegan.  Send me a text when you are coming to town….would be happy to have breakfast with you.

Bill Powers, RTO Property LLC

Great one Andrew!!  Great model for others to follow.  I have only been to one of your events but I have been on a bunch of conference calls and you are preaching the right stuff…obviously.  This guy learned well.  The challenge we have had, is our banks require that we leave 20% of our own cash in each deal, so it slows are growth.  Ed seems to have jumped this hurdle with some financing solutions you have provided.  Well done.  

Hope to see you at one of your events soon.  

Bill Powers

RTO Property LLC

Great flip!!  Thanks for sharing.  The spindles are great and the floors and vanity are a good look.  Congrats.

We invest in lake county and purchase 50 homes a year. Can you send me a list of your inventory. 

Thanks,

Bill

I have found that Rent to Own signs have a strong appeal to home shoppers that have the down payment and income to purchase, but don't have the credit score yet.  

Welcome!! I would suggest finding a local REIA to find experts on the markets you want to focus. Good luck!!

Lake County Property Investors Association next meeting is Tuesday August 11th at Fatman Bowl in Lake Bluff IL just off 294.  Meeting starts at 630.  $15 at the door, annual membership $99. www.lcpia.org

Join us!!