Home Buying & Real Estate Thread

[al audi]

i know a male and a female who are both dominicans over the age of 25 who still live with their mother

they buy shoes/sneakers and live life

and both are kinda flashy......dominicans like fly **** only for the most part


so yea.............diff cultures b

 

[bale]

If they're buying auto parts and sneakers they contribute as consumers, we need that right? 

 

[luckyluchiano]

i think you took it too far, i know ppl who are adopted or parents didn't have much............they def built a much different character because of it

what you said isn't wrong, but what Sneaker Pro said def aint wrong either


@ninjahood

Different strokes for differenr folks. Only time i feel you "cut someone off" is when they are being unproductive

 

[polosanddunks]

Not even gonna front I stunted in my early to mid 20's living at home, Bimmer'd up, Retro J'd up....But damn I couldn't even look at myself in da mirror b

To each their own for sure though...Just don't be flossin on IG and Snap thinking ya really doin' it [emoji]128514[/emoji]

that guilt. I remember those days personally

 

[$tatus $ymbol]

When having the millennials living at home convo keep in mind that the situation revolves around 20 somethings dealing with very real circumstances regarding the labor market, student loan debt, the housing bubble & even pursuing advanced degrees. For the most part we're not talking about 30 somethings that see their parents crib as the golden ticket. Conflating 2 totally different situations there.

 

[al audi]

Different strokes for differenr folks. Only time i feel you "cut someone off" is when they are being unproductive

I'll agree with that statement.

Pretty sure that's why moms gave me the boot and **** it worked on my character also. ASAP

 

[HankHill]

Same with some West African cultures. No one is kicking you out the house. Unless you about to get married or moving for school/work no one expects you to be out the house.

My parent's worked hard so we could be good. They know what its like to struggle at a young age especially being immigrants in the DC area. I was ready to move out as soon as I graduated college and my mom looked at me like I was stupid. Told me stay here and save your money. They didn't buy a new house just so it could be empty lol. Smartest thing I ever did. If I didn't have to move for work, I would still be living there to save for a house and pay my loans quicker

I didn't need character building. They raised me right and put me to work.

 

[polosanddunks]

Same with some West African cultures. No one is kicking you out the house. Unless you about to get married or moving for school/work no one expects you to be out the house.

My parent's worked hard so we could be good. They know what its like to struggle at a young age especially being immigrants in the DC area. I was ready to move out as soon as I graduated college and my mom looked at me like I was stupid. Told me stay here and save your money. They didn't buy a new house just so it could be empty lol. Smartest thing I ever did. If I didn't have to move for work, I would still be living there to save for a house and pay my loans quicker

I didn't need character building. They raised me right and put me to work.

I understand that and im west african but even my pops was like you can stay if you want but why? Your a grown *** man dont you want your own space.Thank God I didnt use them as a crutch. No way I would feel comfortable being there just to stack my own or save especially after being away for school for 5 years with the degree I got. Let me go create my own and give back.

Different situations for different folks though.

 

[girlslovewaffles]

Is this a thread about making money from real estate? Or just crying about who is buying shoes instead of paying rent?

 

[al audi]

Is this a thread about making money from real estate? Or just crying about who is buying shoes instead of paying rent?

yo


tell me about your food truck, how is business?


we off the living at home at 30+ and being from a diff country talk

I'm looking at real estate an entrepreneurship

 

[antbanks81]

It's so much money to be made out here. I'm trying to get my first flip done and acquire another rental property this year. Those are minimal goals. I'll do more than one of each if the opportunity presents itself. I can get it done by hitting my sales/rental goals as an agent. However, I can get it done quicker by getting a private lender to believe in my first flip. I'll use some of the money to buy a rental and the rest towards my next flip.

Are any of you working in the Chicago area? If you're not using an agent, I'd like to look into working together. If you're already rolling, I'd like to get some cheat codes and get a deal done. These private lenders require the experience, but I found one that will accept me with a seasoned investor as a partner.

This new life as an entrepreneur is all I'm about now. I've been out of corporate for two years now. I refuse to go back. Any and all advice is welcome.

 

[al audi]

Is investing in Chicago a good idea? I'm being serious btw.

 

[nazdrowie]

Is investing in Chicago a good idea? I'm being serious btw.

http://www.chicagotribune.com/news/...opulation-record-loss-met-20160324-story.html

http://www.chicagobusiness.com/arti...-that-lincoln-park-was-seeing-population-loss

 

[al audi]

http://www.chicagotribune.com/news/...opulation-record-loss-met-20160324-story.html

http://www.chicagobusiness.com/arti...-that-lincoln-park-was-seeing-population-loss

well that answered what i assumed i already knew

thanks

 

[antbanks81]

We lost some people. We still have millions in the population count and growing markets and opportunities on the southeast side along the lakefront. Lincoln Park has long been desirable, but out of reach for so many financially. What's going on now is that investors are looking south. I could showcase several prospective deals daily in neighborhoods and suburbs.

So to answer your question, YES, Chicago is a good idea. I know we get a black eye for the crime being reported on a national level, but we have more buyers than sellers. The opportunity is there to flip and provide quality housing for working class households ($150-250k).

 

[al audi]

as always, ill do my own research also..........ill look into

gonna start checking this website i just registered on yesterday, today.


https://www.biggerpockets.com

 

[capital sb]

Is investing in Chicago a good idea? I'm being serious btw.

I'm not sure if it is still a good idea but someone on BP became successful by starting to invest in chicago then she started investing in minnesota I believe.

 

[yeah]

Is investing in Chicago a good idea? I'm being serious btw.

I'm not sure if it is still a good idea but someone on BP became successful by starting to invest in chicago then she started investing in minnesota I believe.

Still quite a lot of money to be made here as well, for those wondering. Uptown Minneapolis area rent can be crazy, St. Paul Midway area is going to be gentrified pretty soon with a new soccer stadium on the way as well.

Bought my house in October and its already increased in value by 10K.

 

[pdino]

Only opportunity I see in California  is vacation rentals. I live about 25 minutes away from Disneyland. If you can get a NICE place right across from disneyland and put it on AirBnB, 300$/night.  

 

[nazdrowie]

it depends on what someone is looking for in Chicago...there are always tourists visiting

Chicago has a high population of students from all over the world...UChi, Northwestern, Loyola, DePaul, UIC, IIT, various med schools, and other colleges are there...if a person was able to acquire property for cheap(er) in Hyde Park/Kenwood (UChi) , Evanston/Rogers Park (Northwestern/Loyola), Pilsen/University City/United Center area (UIC), Lake View (DePaul), you would have constant tenants...but there are always risks renting to students (grad students are generally more mature) just throwing the idea out there...

 

[luckyluchiano]

it depends on what someone is looking for in Chicago...there are always tourists visiting

Chicago has a high population of students from all over the world...UChi, Northwestern, Loyola, DePaul, UIC, IIT, various med schools, and other colleges are there...if a person was able to acquire property for cheap(er) in Hyde Park/Kenwood (UChi) , Evanston/Rogers Park (Northwestern/Loyola), Pilsen/University City/United Center area (UIC), Lake View (DePaul), you would have a constant tenant, but there are always risks for renting to students...but just throwing an idea out there...

Chicago has a ton of tourist things, universities, and probably 4 or 5 in the nation in Fortune 500 companies and Global 2000 companies being concentrated in one town. Dont know how anyone could say its not a great place to invest lol

 

[nazdrowie]

Chicago has a ton of tourist things, universities, and probably 4 or 5 in the nation in Fortune 500 companies and Global 2000 companies being concentrated in one town. Dont know how anyone could say its not a great place to invest lol

of course...just saying that the areas near the universities would offer the best ROIs, since there are always people coming in...

my mom is kicking herself for not grabbing a townhouse or two near UIC, which she could of had for cheap several years ago 

 

 

[luckyluchiano]

of course...just saying that the areas near the universities would offer the best ROIs, since there are always people coming in...

Nah I wasn't disagreeing, I`m just saying asking if Chicago is a good city to invest in is like asking if LA or NYC is a good city lol. Only thing about Chicago is the barrier of entry into investing is high as hell, so if your money isn't long it may not be worth it, but it is def money to be made in that city.

 

[jthagreat]

For the folks who are considering buying a 2nd home to try and rent out/investment property, what are yall reading/using to up your knowledge?

What kind of financial/ % breakdowns are we looking at for getting that 2nd loan?

 

[capital sb]

For the folks who are considering buying a 2nd home to try and rent out/investment property, what are yall reading/using to up your knowledge?

What kind of financial/ % breakdowns are we looking at for getting that 2nd loan?

BiggerPockets.com