All Forum Posts by: Tony Hardy

Hi James, there is no definitive right or wrong time. What's important is strategy going forward. Ally of investors out grow a particular investment property type or strategy. As a result, there comes a time to think outside the box. I think it comes down to opportunity cost. What is the current value of your current portfolio? Things you like/dislike about it... If you doubled it what would you make per year v/s your job..... There are a number of factors that enter the equation. Let's discuss.

This investment strategy is also working in some of the not so high end areas of Chicago. Investors are converting two flats in Im certain to SFHs in certain south side locations and selling them in the mid to high 300s

Thanks Mike for registering for the event.  Yes off market Chicago Multi-family properties will be available at the event.

Very nice Mark

Than has a wealth of knowledge and gives some useful information. However as expected there is a hard sell at the end. The free invite is designed to get 500+ dollars out of a percentage of the participants.

I'd recommend talking to a local multi family broker. Inaccurate or missing Numbers that the seller gives you will jump off the page at the broker that analyzes those deal daily. Moreover, they may see ways to add value to the deal. Perhaps the tents are 12% below market etc.,

Opportunity cost The question is what is your return on equity? If you have 200K in equity. You have to ask yourself if I woke up tomorrow and found 200K under my mattress would I use it to by that property or is there a better use of the funds. Each day after you pay off those mortgages and you have that $200K in equity you are buying that asset again. Anyway, what's the rush? Is consider taking my cash and going to Colorado and seeing how things play out before I rush to repurchase an asset that I already own.

Welcome Andrew. This is a really good forum.

Thanks for sharing

No money down is achievable in some cases however frowned upon.  Lenders look at it as huge red flag in most cases because..."oh you really believe in that investment but its not good enough for your money however you're good using mine." It's also sometimes a challenge to get seller financing on desirable deals.  That's because, its so much cash in Chicago land.  There is well over 100,000 millionaires in Chicago.  Not saying that its impossible however, its going to take some effort.