Real estate investment news you can use!



February 2025

MESSAGE FROM THE BOARD

When Cheap is Not Cheap: How to Choose Your Cabinets 

Cabinets account for a large percentage of remodeling budgets. Flippers, landlords, and homeowners, often focus on price during kitchen renovations. Although cabinets made of different materials might look the same on the outside, what the cabinet is made from and how it is constructed, can have long-lasting implications, impacting not only aesthetics, but durability, environmental footprint and ultimate cost.

The least expensive cabinets are generally made of medium density fibreboard, MDF, an engineered product is made by breaking down hardwood and softwood residuals into fine particles, combining them with resin and wax, then applying heat and pressure.

There are several disadvantages to MDF. Water absorption is one. MDF soaks up water like a sponge. If exposed to damp or humid environments, it can swell, losing structural integrity resulting in sagging,

MDF’s fine particles also make it difficult for screws to hold, cracking or splitting when screwed into the edge of the board. Although MDF’s smooth surface is good for painting and finishing, veneered or laminated MDF products are prone to chipping around the edges and often cannot be repaired.

Health risks are associated with MDF because it contains volatile compounds (VOC), such as urea-formaldehyde, that irritate eyes and lungs. It is important to wear a dusk mask when cutting or sanding to avoid inhaling the material. Be sure that there is good ventilation.

More expensive, cabinets made with plywood boxes, wood doors, and wood drawers can be worth the additional costs, not only in the price of cabinets themselves, but also in the labor to repair or replace damaged cabinets.

The strength and durability of furniture-grade plywood benefits structural applications, handling heavy loads such as when used for the box of a kitchen cabinet. The layered structure of plywood provides a secure grip on screws. When treated properly, plywood holds up well to water exposure.

Wood doors bring warm, natural beauty to cabinets. Although able to be painted any color, the unique grain patterns and rich colors of wood perfectly conform to the current trend of stained kitchen cabinets, widening the range of finishes available.

Wood doors are highly durable and long-lasting. They can also be sanded and refinished multiple time to update their appearance and expand their lifespan. Solid wood dovetail construction on all sides of the drawer box has superior strength and durability. Higher end cabinets also come with metal drawer glides and soft-close mechanisms.

Unlike other materials that may warp or degrade over time, wood cabinets will continue to function properly for many years.



Mary Ann Skweres

Rock Counter Kitchen and Bath - President

773-293-7978; chicago@rockcounter.com

Chicago Area Real Estate Investors Association - Publicity

Upcoming Events
CAREIA
Board of Directors

Cash Flow Game Night (Members Only Event )
Wednesday, February 5,, 2025 @ 7:00 p.m. 
McDonald's off Highland Avenue
1 Yorktown Shopping Center, Lombard

https://www.careia.org/event-5948692 


CAREIA Monthly General Meeting

Monday, February 10, 2025 @ 7:00 p.m.
Networking starts at 6:45 p.m.
Hyatt of Lisle • 1400 Corporetum Drive, Lisle

Topic: Property Management

Key Note Speaker:  Mark Ainley

https://www.careia.org/event-5948706


Short Term Rental Sub Group Meeting

Monday, February 17, 2025 @ 7 p.m. 

Portillo's Hot Dogs, 531 N. Randall Rd., Batavia, IL 60510

https://www.careia.org/event-5971602

Anyone who has an interest in investing in short or mid-term rentals are invited to attend our monthly STR sub group meeting. Each month we will have an open forum to discuss all things short term rentals.


Real Estate Networking Night

Monday, February 24 2025 @ 6:30 p.m. 

Portillo's Hot Dogs, 235 E. North Avenue, Glendale Heights, IL 60139

FREE Member & Non-member Event

https://www.careia.org/event-5948700


Cash Flow Game Night (Members Only Event )
Wednesday, March 5,, 2025 @ 7:00 p.m. 
McDonald's off Highland Avenue
1 Yorktown Shopping Center, Lombard

https://www.careia.org/event-5948696


CAREIA Monthly General Meeting

Monday, March 10, 2025 @ 7:00 p.m.
Networking starts at 6:45 p.m.
Hyatt of Lisle • 1400 Corporetum Drive, Lisle

Topic: How to Find Off Market Deals

Key Note Speaker:  Abdullah Ghaffer

https://www.careia.org/event-5948707


Short Term Rental Sub Group Meeting

Monday, March 17, 2025 @ 7 p.m. 

Portillo's Hot Dogs, 531 N. Randall Rd., Batavia, IL 60510

https://www.careia.org/event-5971603

Anyone who has an interest in investing in short or mid-term rentals are invited to attend our monthly STR sub group meeting. Each month we will have an open forum to discuss all things short term rentals.


Real Estate Networking Night

Monday, March 24, 2025 @ 6:30 p.m. 

Portillo's Hot Dogs, 235 E. North Avenue, Glendale Heights, IL 60139

FREE Member & Non-member Event

https://www.careia.org/event-5948703


President: Pete Gordon

Vice President: Steven Bell

Secretary: Rob Hayes

Treasurer: Vanessa Krynen

Librarian: Dwayne Denzinger

Programing: PK Kleinert

Vendor: Iva Norris

Newsletter: Belinda Moore

Publicity: Mary Ann Skweres

Membership: Danny Galvez

Tech Support: Keith Jablonowski

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WORDS OF WISDOM

“Real estate investing even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth.” – Robert Kiyosaki




















 

Library Book of the Month

Retire Young, Retire Rich

Robert Kiyosaki

Why do you go to work every day?  For the paycheck to pay the bills?  

Are you going to do that for the next 40 years?  How long do you really WANT to do that? 

If you don't plan on working hard all your life... this book is for you. If you're ready to retire (or want to retire early enough to enjoy your retirement years) you can learn from Robert's story of how he and his wife Kim started with nothing and 'retired' financially free in less than 10 years. This book makes the case for how a context shift in the way we think about money and investing allows us to see opportunities others miss and create the life you deserve.

    Did you Know?

    We have: Books, CD's, and even Movies!

    Have you ever wanted to read a book or listen to a course but didn't want
    to spend the money knowing if it was what you really wanted?

    Well, that's what our Library is here for. It's for you to read, listen or even watch some great things on real estate without having to dish out the bucks!

    Sometimes you will find you may want to purchase the book or program after you borrow it. Great, but aren't you glad you didn't pay for all the ones that just weren't right for you?


    To check out materials:

    • Only members can borrow materials
    • Review inventory here: https://www.careia.org/LibaryList
    • Fill out CAREIA Library request form
    • Receive materials at the next General Meeting
    • Materials are due back in one month
    • Note. If materials are not returned, member is responsible for paying cost of materials for replacement.


    National REIA Benefits

    Members of CAREIA can register at National Real Estate Investors Association (National REIA) https://nationalreia.org. and learn about the negotiated group discounts from National vendors.  Login CAREIA website https://www.careia.org and go to Account -> Members Only: National REIA for more details.

     

    Corporate Transparency Act


    Corporate Transparency Act - Beneficial Ownership Filing Update

    See https://fincen.gov/boi for latest up to date information.

    Alert: Ongoing Litigation – Texas Top Cop Shop, Inc., et al. v. Garland, et al., No. 4:24-cv-00478 (E.D. Tex.) & Voluntary Submissions [Updated January 24, 2025]

    "In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports."

    Vendors

    Barra and Associates Insurance

    Bill Konkol

    (630) 456-3453

    bkonkol@ifsbrokerage.com

    Castle Law CEO/Accountant

    Tom O'Neill

    708-945-5655

    toneill@castlelaw.com

    Evergreen Real Estate

    630-584-7730

    evergreen2151@gmail.com

    First American Bank

    Danny Galvez

    630-917-8828

    dgalvez@firstambank.com

    GC Realty and Development, LLC. & Straight Up Chicago Investor Podcast

    Mark Ainley

    630-781-6744

    mark@gcrealtyinc.com

    IRA Club

    Ramez Fakhoury / Kasia Baldus

    312 795 0988

    ramez@iraclub.com

    JM Real Estate Capital

    Robert Fishbein

    630-428-4555

    Rob@jmrecapital.com

    Multi Kitchen

    Justin Dugena

    773-309-3115

    jdugena@multi.kitchen

    Platinum Partners Realtors

    Rob Hayes

    630-220-9017

    rhayes@pprhomes.com

    Rock Counter Kitchen and Bath

    MaryAnn Skweres

    maryann.rockcounter@gmail.com

    The Investor Funding Network

    Antonio Hernandez

    ahdzloans@gmail.com

    White Glove Building Inspections, Inc.

    Carol Fisher

    630-428-4555

    carol@whitegloveinspections.com



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