All Forum Posts by: Zach Gring

@Michael McCabe

A few people come to mind when it comes Chicago investments. My best recommendation would be to contact @Mark Ainley over at GC Realty & Development. They manage I think close to 600 doors in and around Chicago, investing in the very same neighborhoods they recommend as well. Check them out.

Good luck!

@Daniel Shafer

I can not speak about Bryan directly however I have been working with his partner from GC Realty & Development for the better part of a year with my investments. I would highly recommend working with them if you’re interested in investing in and around Chicagoland especially the south side. Neighborhood demographic’s change block by block having a group as experienced and knowledgeable on those neighborhoods as GC would be highly beneficial to the longevity and profitability of your investing out here.

Wish you the best!

@John Underwood

Idle status achieved.

Well done sir! Sounds similar to the book landlording on autopilot.

@Dominque Blackmon

@Johnathan Arnold

You guys may be able to get a finders fee if they're legitimate deals. I'm by no means a seasoned investor by some standards but at least from my limited experience a lot of folks seem to get into REI then want to wholesale as they see it as easier money and a lower barrier to entry. Which may or may not be true it's not my niche, I've signed up to be on the emailing list for a number of wholesalers around Chicagoland and Milwaukee and don't see many actual deals that look good from my eyes. Not to say someone couldn't make them work, I just see a lot of people going that route with limited knowledge before attempting it. My recommendations would be if wholesaling is your true chosen path to get started, get your re license and in the meantime start building your buyers list and learning the markets inside and out.

Good luck gentlemen, hope you you find someone for those properties.

@Devin Monroe

I don’t necessarily self manage to cut cost, I do it because I have a hard time wrapping my head around the pay structure of a pm company. The more my property falls to shambles the more they make through repair oversights, tenant turnover, and marketing. So the whole business model worries me. But to each their own. 🤙🏻

@Devin Monroe

Stay in touch, I’m only a few steps ahead of you in the process. Let’s learn from each other. Keep it concise, keep the numbers conservative, and don’t over think it.

By the way in today’s day in age you don’t need a pm or realtor to set up tenants.

Listen to or read landlording on autopilot it’s an amazing book with tons of meat I’ve listened to it 4 times and still pick up rid bits.

@Devin Monroe

My opinion on this subject may be naive however I figure in reserves of 6-12 months of mortgage per property. If I buy a house I will go through it with my contractor, anything that is on the boarder of being a liability and fix it / replace it. Knowing full well I shouldn’t have any major repairs or capex for awhile.

That and if you provide a nice place and are a decent human being you shouldn’t have turn over every year. Average tenancy for sfr’s is about 6 years. So far that’s proving to be valid in my experience.

Don't sweat the petty stuff. Keep it simple if it rents for 30-55% more than your mortgage you'll be fine. Buy with reserves in place or open LOC equal to 12 months of mortgage. Cash for reserves is best though..

Best of luck don’t over think it.

@Mallie Messri

Great thank you, looking primarily near pigeon forge, Gatlinburg and surrounding. Trying to get a builder in on beginning stages to make sure the lot I buy is suitable for what I want to do.

@Amir Hemmat

Where do you have a unfair advantage?

Where do you have a close friend who knows they’re area?

Family that knows their area?

Every major msa has markets within an hour or two that make sense?

What are your goals long term? What can your w2 income support for purchase prices?

If you’re looking for cheap pp and high cash flow look for more rural markets 5-15k populations you’ll get long term tenants decent cash flow. But little appreciation.

If you’re looking to supplement your retirement look for a solid appreciation area with good schools that cash flow on 15 or whatever number of years until your target retirement age. Supply the market with a nice place be a good person pay the place down and keep saving for more of them.

Rei is very personal to your individual goals..

Does anybody have a recommendation for a builder in East Tennessee?

Thank you