Jump to content

George Skidis

Members
  • Content Count

    20
  • Joined

  • Last visited

    Never

Community Reputation

0 Neutral

Personal Information

  • Are you a REIA Member?
    Yes
  • Which REIA are you a member of?
    Illinois REIA

Social Media

Investing Information

  • Please select the region you invest in:
    Midwest
  • Full time or part time investor?
    Full Time

Interests

  • Investing Interests
    Tech
    Buy & Hold/Landlording
    General RE investing
    Finance/Private Money

Organizational Memberships

  • Are you a member of any of these organizations?
    ARPOLA
    REIFA

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. There are several tools available for your use in locating deals. Some are free and others come with a minimal cost.1. Find a Real Estate Agent that understands what you want in a property If they are hungry for business they will find it for you. We purchased our first dozen properties with the same agent.2. If you are not a member of a local Real Estate Investors Association, Join one. Go to https://nationalreia.org/ and click on find a local group.3. Your local REIA has access to RealFlow a software search engine starting as low as $7.99 a month4. Once you find a property look into House Ca
  2. Shipping Container Homes and Tiny Houses fall into what I refer to as a niche market. It might be fun for a while but I believe resale will be difficult unless the economy is oppressed by real estate taxes. Higher real estate taxes encourage us to think small again.Shipping container homes are just that, the cargo box off of a tractor trailer that has been tricked out to live in. You see shipping containers in many ports and railroad terminals around the country.It is an interesting lifestyle choice with kits starting around $24,000 and up to how much do you want to pay. The trick as you have
  3. Spring is a great time to make the exterior easier to maintain. While going green it is also a good time to prune out the bad noxious weeds and other times.1. Spray an eco friendly plant killer along fence lines and around houses.2. Practice the original crime free guidelines by pruning back trees and shrubs which block the street view of the dwelling and provide a place for thieves and criminals to hide.3. Make sure that exterior lighting is working and adequate.
  4. Ballast Free LEDs to replace guts in a four foot florescent light fixture.We have a commercial building that is a mix of T-8 and T-12 Florescent light fixtures. Each bulb draws 40 watts. Each ballast draws a minimum of 25 watts. A four bulb 2 ballast light fixture draws a minimum of 210 watts when operating efficiently as they age that creeps up towards 250 watts. Additionally old ballasts give off lots of heat as well. T-8 ballasts don't last as long a T-12 ballast. We are in the process of converting our lights to ballast fee LED strips which draw 17 watts per bulb. Each LED bulb produces
  5. In my opinion House Canary in combination with RealFlow make a terrific marketing team. The new way to prospect.1. Get your leads or more leads using RealFlow.2, Use google maps to view the property and the neighborhood.3. Check Zillow or some other free app to get a feel for the property leads developed.4. Drive by your list of properties and do an exterior inspection. Look for distress, realtor signs etc.5. If it has your interest use House Canary to nail it down and get information for making a good offer.6. Contact an experienced realtor who is a member of you REIA. and get their feedback7
  6. Sites like Zillow and others like it are a Guestimate. Sometimes realistic and sometimes not. Your better bet is to try House Canary which is available to REIA members right here on Uniting Investors. It lets you answer questions that help determine the value of a property.Disclaimer: A really nice house in a really bad neighborhood will not sell for top dollar. No matter what the cost calculators say.
  7. Did I mention that he pays his rent a week or two BEFORE the due date.
  8. This was just to crazy not to share. However, It actually worries me for a couple of reasons.1. Did the applicant just admit they were not mentally competent to sign the lease?2. If not competent is the lease/contract even binding?3. What happens if eviction comes up and the lease is voided by the court due to mental capacity?What do you think?
  9. The number one thing they call about is some excuse about why the rent will be late. I promise them that the 5 day notice won't be.
  10. The fact that people call to rent a mobile home when the sign clearly says "Mobile home LOTS for rent"
  11. Step 0. Join your local REIA. REIA stands for Real Estate Investors Association. Go to https://nationalreia.org/ move your cursor over the membership tag. You will then see a drop down menu. Select Find a REIA. Then follow the map to your location. This will help you find a group in your area that is either a Chapter or affiliate of the National Real Estate Investors Association, Inc. They are phenominal in helping new investors and providing experience and benefits to experienced investors.If you are near Saint Louis, MO or Southern Illinois check out The Illinois Real Estate Investors Associ
  12. You have three options1. Grin and Bear it. - Not my recommendation2. Place a substantial money in escrow. - Still a hazard.3. Break the contract.The issue is that the shoddy workmanship you see makes you wonder about all the other short cuts the contractor made that you can't see.Example, the sewer cap. You can see the surface is plugged with cement. How far down does the cement go? Does it block any connecting drain lines? Was the sewer drain actually a drain for some other purpose. A lot of older homes had floor drains because of a high water table. Any history of subsurface water innundati
  13. Spring is a great time to make the exterior easier to maintain. While going green it is also a good time to prune out the bad noxious weeds and other times.1. Spray an eco friendly plant killer along fence lines and around houses.2. Practice the original crime free guidelines by pruning back trees and shrubs which block the street view of the dwelling and provide a place for thieves and criminals to hide.3. Make sure that extrior lighting is working and adequate.
  14. Hello Uniting Investors, I have a couple of questions for you.Has anyone ever hired a company to divide multiple units on one water meter and sub meter them?Do you know someone who has dealt with sub-metering?Do you have any reccomendations on who to hire for sub-metering?
  15. $239,000 / 12 = $19,961.67 per unit. Not a bad price range depending on the location and condition of the properties. Unless the property is really nice, Varski Properties tries to pay about $15,000.00 per unit when purchasing a multifamily. We are in the Midwest and that would influence our price decision.A decade or so ago Florida had built way to many condos. Check to see if that has resolved itself.The answer below is based upon homes not located in a gated community or subject to condo fees that would be an immediate no. Cash only is a unique requirement by the Seller. The big question is
×
×
  • Create New...