The Importance of Layout
Thursday, April 04
Investing in rental properties affords you an excellent opportunity to create an income stream, plus it is pretty exciting. The process can be both stressful and exciting as you go on the hunt for a deal, negotiate prices and deal with banks and inspectors. As you go through this process, it is i...
Reduce Rehab Costs with Multifamily Buildings
Thursday, November 08
If rehabbing a regular building is stressful, then rehabbing a vacant building is even more stressful. Not only do you have holding costs, but you also have to secure the building. Unfortunately, these types of costs can quickly multiply and drain your pockets. This is why I like to rehab multi-f...
Managing Your Expectations with Contractors
Tuesday, August 28
Managing Your ExpectationsIt doesn’t matter if you’re rehabbing properties or work as an actual landlord. Eventually, you’ll have to interact with contractors. Finding quality contractors is one of the hardest things to do within the real estate realm. Not only are you looking for one who provide...
Catch What You Can’t See
Thursday, July 26
When dealing with distressed properties, it’s hard to conquer your fear of the unknown. Your heart pounds even faster when a property needs plenty of work. You don’t know what lies beneath the walls, ceilings and other places that you can’t see. Basically, you don’t want to encounter any unpleasa...
A Guide for Fixer Upper Inspections
Monday, June 18
Everyone is probably familiar with the term fixer upper, and there are many different types of them. A majority of fixer uppers are older buildings, and there are plenty of them in the Chicago area. Personally, I would say that anything older than 1950 is in this category, especially if major com...