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Wealth Building with Real Estate

Information

Wealth Building with Real Estate

This is a group for those who are interested in creating wealth through cash flowing real estate and equity building

Website: http://www.gallydevelopment.com
Location: Chicago
Members: 175
Latest Activity: Aug 22

Discussion Forum

Investor Real Estate Opportunity

Started by Michael Galvan Dec 15, 2016. 0 Replies

I have a current opportunity in the Chicago real estate market. A single family house, market rent at $2600/month. This is a 5 bedroom 2.5 bathroom home with many updates. You can check out the property here:…Continue

Tags: opportunity, estate, real, investment

Real Estate Values Will Appreciate.

Started by Michael Galvan. Last reply by Michael Galvan Dec 13, 2016. 2 Replies

Pulsenomics recently published their latest real estate survey and forecast for where they believe prices are heading over the next 5 years.  Click on the link for the…Continue

Tags: flow, cash, worth, net, investment

Supply and Demand in Full Force

Started by Michael Galvan. Last reply by Michael Galvan Dec 5, 2016. 2 Replies

Continue

Tags: demand, sales, and, supply, estate

Does your thinking affect your ability to invest?

Started by Michael Galvan Nov 20, 2016. 0 Replies

I have given some thought to the idea that a persons thinking will make or break them as far as investing is concerned. Many people, when they consider investing in stocks, business ventures, and real estate, allow their thoughts to immediately…Continue

Tags: destiny, process, thought, investing

How to invest with "no money".

Started by Michael Galvan Nov 2, 2016. 0 Replies

I know that the title to this post sounds like an infomercial but it has some real and practical applications.  I have been told that the "no money down" era is over but I can assure you that "no money" deals are still taking place.  Make sure to…Continue

Tags: relationships, wealth, money

Mortgage rates are right for investing.

Started by Michael Galvan Oct 12, 2016. 0 Replies

As I am sure you are aware mortgage rates are at historic lows.  This holds true in the real estate investing world as well.  Generally speaking, interest rates tend to be 1/2 to 1 % higher than the average when you are purchasing investment…Continue

Tags: on, investment, return, rates, interest

HOW TO RAISE 1 MILLION DOLLARS IN A WEEK.

Started by Michael Galvan Sep 27, 2016. 0 Replies

Do you think that you could raise a million dollars in one week?  Have you tried?  I did and I was successful.  As I mentioned before I love to share this story because I am your average working guy who was able to acquire over one million dollars…Continue

Tags: INVEST, ESTATE, REAL, MILLION

4 stats that prove this is not 2005 all over again!

Started by Michael Galvan Aug 23, 2016. 0 Replies

 Click the link to read this discussion…Continue

Tags: investments, bubble, estate, real

Comment Wall

Comment

You need to be a member of Wealth Building with Real Estate to add comments!


Group Leader
Comment by Michael Galvan on February 2, 2017 at 8:53am


Group Leader
Comment by Michael Galvan on December 15, 2016 at 10:02am

Investor Real Estate Opportunity

I have a current opportunity in the Chicago real estate market. A single family house, market rent at $2600/month. This is a 5 bedroom 2.5 bathroom home with many updates. You can check out the property here: http://kimgalvan.bairdwarner.com/property/52504845/11556-South-Arte...
I am presenting 3 different opportunities on this investment:

First, as an outright purchase, an investor has the potential for a 10% return cash on cash at the current list price with a 4% bank loan. Second, I can offer 6% interest on short term private money note in first position. The note would be $320k. Third, I am willing to seller finance the acquisition at the list price, for an end user at 6% -30 year amortization and 1 year term. Some other information for this property; it is located in the Beverly area of Chicago and this area is know for being home to many policemen and firemen. The median sales price for similar homes in the area is currently at $417k. The Chicago area is also anticipating a 5% appreciation in home values over the next 12 months. If you would like to discuss any of these investment options in greater detail please let me know. Please feel free to share this opportunity.
Best Regards

Mike

Comment by elaine bright on April 29, 2016 at 10:07pm

Patrick I will share my story on your wall.  I made networth of millionaire at 55 thru being a saver all my life and a real estate investor.

Comment by Patrick Michael Green on April 29, 2016 at 8:16pm

Awesome Michael.  I do not have a format or list of questions.  If I have any questions I will contact you later.  I will send you any edits prior to publishing and will only move forward if you agree.  I will also send you an e-book version for free.  Thanks for your willingness to inspire!


Group Leader
Comment by Michael Galvan on April 29, 2016 at 8:10pm

Patrick, I will share a story on your page.

Comment by Patrick Michael Green on April 29, 2016 at 7:35pm

I am new to the group and I am hoping some of you will help me with a book I am writing.  It is about the journey from normal to Financial Freedom using a metaphorical approach.  The working title is Millionaire by 55.  It leverages learning from Dan Miller, Dave Ramsey and others that impacted me and allowed me to become a millionaire by 55 just by following biblical principles.

The help I need is stories from real people who have done it!  I would like to sprinkle them through the book similar to vignettes in the Total Money Makeover.  Would some of you be willing to share your Millionaire stories to give hope to others?


Group Leader
Comment by Michael Galvan on August 29, 2015 at 3:56pm

Tyler Peterson this group is about creating wealth for the long term and the main focus here is real estate.  As a real estate broker myself I can tell you that there are many tips, within the group discussions, that would help you understand the business concepts required to be successful as a real estate broker.  If you would like some one on one help you can reach me at mike@gallydevelopment.com and I would be glad to help you where I can.  I have been in the real estate business for 17 years and have been involved in more than 75 million dollars in transactions on both the commercial and residential sides of the business.  Let me know how I can serve you.   

Comment by Tyler Peterson on August 28, 2015 at 7:01am

Hi all-

Is this group more about real estate as an investment?  Or, is it good for prospective realtors for tips, etc?  I want to get my license so I thought I would check.

Thanks!

Tyler

Comment by Dan Lacine on September 9, 2013 at 12:20pm

How to market & get good residents?

Seven years ago we decided to try the "buy-renovate & resell" idea (flipping?). By the time we fixed places, the economy turned & we ended up renting instead.

I own 2 properties in town - a house and a duplex (2-2 bedroom units) for rent.  I have 2 vacancies now (out of 3) and it seems that it takes months to get a good tenant (let alone an applicant).  I get a lot of responses to my Craigslist ads and some from the world-known major hospital's online ads. One house is walking distance to the clinic.
I continue to get a lot of "unqualified" callers, meaning - they cannot afford it or they have pets or smoke. I am NOT on a mission to provide free housing.   My application process includes obtaining a credit report (which I do online), verifying income & bank balances & references. Perhaps I am afraid of getting a bad resident so the process is there to avoid that. I have heard too many stories of renters not paying and the property manager having to get a court eviction and then spend more $$ fixing up damages.
I follow the legal requirements of the Fair Credit reporting act and non-discrimination, etc.  I screen my callers before I show the place, but screening callers is a process I don't enjoy.  Eventually I'd like to sell both places, but at this time, it would be nice to have them fully rented so I can get in the black.
I still spend too much time showing my places and good prospects not applying. Perhaps I should encourage them to fill the application at the time they view the property?
Your ideas are welcome.

Dan
Comment by Jonathan Casillas on March 2, 2013 at 5:06pm

 I am a Commercial Real Estate Loan Originator. I am able to close loans in all 50 states. If I can be of assistance please feel free to contact me.

 

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