All Forum Posts by: Tony Hardy

Need a loan? Need off market deals? Need a Joint Venture Partner? Got deals? Present it at our Shark Tank!!

Event Details:RSVP

Need a loan? Need off market deals? Need a Joint Venture Partner? Got deals? Present it at our Shark Tank!!

Come network with 150 investors, deal makers, private money lenders and real estate industry leaders... Our expert panel will give advice on buy and hold and fix and flip strategies and opportunities featuring:

Marcus & Millichap - Multi-Family Investments, deal analysis to add value, commercial real estate deals, trends that are effecting markets & why out of state investors are investing in Midwest markets like, IL, WI, IN and MI. Midwest Funding Resource Corporation, will discuss accessing personal and business lines of credit to fund construction cost and down-payment, for fix and flip projects, funding options for commercial and residential investment properties, including stated income lending programs, financing property under your LLC or Corporation. Private money funding options that don't meet bank loan rigid requirements and not at the cost of hard money. Trinity Inspections and Restoration Inc., will discuss red flags to look for during an initial walkthrough, post contract inspections, construction management, renovation and rehab budget busters to avoid. Gain access to our personal database of over 100 off market residential and commercial real estate deals. The deals are located in the Chicago Metro area as well as Indiana, Wisconsin and Michigan.

Discussion of Topics and handouts that effect property owners and landlords include: Business, personal and investor funding options. Lines of credit for business and personal and investor funding options for real estate purchases.  Learn how to properly analyze deals to add value. Find out the major items to look for during your initial walkthrough. Get our insight on the next ''hot'' areas that you should be investing in right now & the top red hot areas to find single family and 2 - 4 unit Opportunities!  , Residential Landlord and Tenant Ordinance (RLTO) 

when to use third party property management companies, how to select good property manager, common mistakes buyers and sellers make when selecting a real estate broker,

 bed bugs, evictions building code violations, inspections and much more!!

Free Parking and Complimentary Refreshments

Seats are going fast!

Saturday July 18th

Noon - 1:30 Doubletree RSVP

5000 W 127th Street

Alsip, IL 60803

http://www.eventbrite.com/e/midwest-real-estate-in...

Ticket Type	Price
Complimentary General Admission (SOLD OUT)	Free
Pre Sale General Admission	$5.00
Early Bird General Admission	$10.00
General Admission	$20.00
Reserved Seating	$50.00

Need a loan? Need a great off market deal?  Want a solid cap rate?  How about personal or business funding? Searching for a Joint Venture partner? Got investor projects that need funding? Get all of this covered and more!!  Attend the Midwest Real Estate Investor Summit and get the upper hand on the competition.  RSVP now, seats are filling up fast.

Midwest Real Estate Investor Summit

July 18, 2015  12PM  Double Tree Hotel  5000 W. 127th street  Alsip, IL 

Click here to RSVP for Midwest Real Estate Investor Summit

Hi David for that location I'd look into Proinvest real estate, Frontier Management or Enterprise Realty

Great post.  Thanks for sharing. I'd like to find out more about your investment objectives and see if I can't be a resource for you or pint you in the right direction. 

Cook County has some of the most liberal laws protecting tenant in the US.

As a result, Chicago, evictions are tricky.  I'd recommend contacting a lawyer.  Most of these tenants know there rights as good as the average attorney.   I think you may also, need to make up your mind, are you collecting rent or are you seeking possession of your place?  If you go over and collect rent for June, you may not be able to start the process until possibly August.  Now where into the fall before you start the process and you know getting them out when its cold outside is very difficult.  I've used Ebony Lucas at the Property Law Group in the past for evictions.  Did you close your real estate transaction yourself.  These things are oftentimes easier to resolve before you fork over your cash.  Or you can sometimes have the title company hold money back from the seller until you gain possession.  That gives you some additional leverage or at least pays for your legal fees and possibly your room and board...

The first number that strikes me as odd is the estimated repair?  Where did it come from?  What does the property need?  Why is it $8,333 per unit?  You can spend that in the kitchens and baths?  How old is the roof, is the plumbing in good working order?  Galvanized it copper, what's the deal with the electric, windows, heating system.  Where is the vacancy factor, management expense, reserve for replacements of things that break like fridges, stoves...  Can the real cost of repair be 15K or 25 per unit?

Hi David, I can't say there are any outstanding south side management companies.  I'd recommend selecting a company that is doing an okay job with a large building within a block or two of your property.  If you let me know a little more about the size of the property and cross streets I may be able to point you in the right direction. 

Get after it Jerome. There are a ton of resources in the site. Attending the meet ups is also helpful. I'd reach out to @michaelnash about financing options

There may be frozen pipes if there are turning in utilities could cause further damage at this time. Then you could decide to walk away after decreasing the value of the asset. It looks like a decent property. If it looks like it may need to be fixed then it probably does. Put it in your repair estimate if you find out later that it doesn't then you're okay. Budget for plunging electric roof mechanicals drywall... Pull the trigger already. And Good luck

We have several properties Available in NY actually over 100. The chances of you finding that kind of cap rate is slim.