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Updated over 4 years ago,
Need advice re South Chicago fourplex
Any veteran investor who is familiar with South Chicago and willing to share your expertise? Need some advice regarding our fourplex pls. GC ran off with unfinished code violations that turn out to be more expensive that he estimated. Now we’re stuck with a high rehab loan, and nowhere near being rent ready. Made a lot of relatively “rookie” mistakes that I now need to clean up. Going back and forth between selling and cutting our losses or getting another loan, which will make our overall loan higher than the property value, to fix and eventually hopefully rent. 😫 Any expert advise would help.