All Forum Posts by: Shara Carlton

Whoop whoooooop!!!!!! Go Ana!!

Good tips too!

#inspiration

Very Very inspiring Brianna! This just made my morning! I wish you continued success and I can't wait to come to the meet up!

@Mike Sattem Your post just inspired the heck out of me. Thanks for sharing.

what area is it in?

Chicago is always good, that's why you are interested in it :)

On a serious note, it depends on what you're planning to do. Taxes are too high for owners and rent is too high for tenants HOWEVER this makes it a great market for Section 8 landlords. One of the trends that I am seeing on the Southside (my stomping grounds) is, you have single mothers going out of state to get section 8, then transferring it after a year to move back to Chicago (smart move in my opinion).

While sect. 8 is the way for the Southside, you also have the Eastside Condo Craze, as I like to call it. Chicagoans LOVE condos buy the lake. Buy an abandoned 2-3 unit on the southeast side (research South Shore, Hyde Park and 60649 area), rehab it and get it zoned as a condo and you're looking at major profits.

I hear from @Brianna S that the northside's vacancy rate is excellent. Not sure about the fix n' flip market in that area though. But if you are buying up north, you'd better be ready to spend some major dough :)

Well, the loan would only be for about a few days, maybe two weeks at the most.

Quick question,

If a person was to loan me $10k, what would be a reasonable % to pay back in interest?

My first and only investment (but definitely not the last)... I purchased, or I should say "am purchasing" Im currently paying for it via land contract:

3 unit brick with laundry room in full basement and attic. Purchase price - $12k, $5k down, $376/month, Gary, IN close to Indiana State University

Run the title for title insurance. That will tell you if its free & clear or not and what you have to take care of.

@Tony Goodwin. I second that suggestion by Michael. I just read the post and Wendell De Guzman is presenting an awesome opportunity. Better hop on that!