All Forum Posts by: Allison Massey

Thank you, @Merritt Steinbach  I actually found that thread after posting this and it is helpful. I will check out these links and may just consult with a real estate attorney in the area to get a solid idea for what's involved in re-zoning a home. May not be worth the hassle and back to my original plan of simply finding a single family home. 

@Meghan McCallum Thanks so much for your guidance. I'd be willing to fix up a property, as my dad lives in Davenport, has worked in construction in the QC for 30+ years and would be able to run point for a renovation. That said, actually found this property on fsbo and noticed it has a basement apartment. http://www.qcfsbo.com/listings/2017-Vol08/PRT56UC.... Made me think about that as a potential approach. But am concerned about the zoning and appeal to renters. My plan was to find a single family home in Bettendorf and I've been looking on the MLS primarily (and FSBO). Do you think there are deals to be had for a 3/2 single family home in Bettendorf through MLS or FSBO? I have an offer in (1 of 4 offers that were made) on a short sale in Bettendorf right now, as well. Just getting started and trying to find my way.

And thanks for the @Michael Pease recommendation. I've actually already connected with him and hope to meet him in person next week when I'm home for the holiday. He introduced me to an agent who I'm working with, (thank you Michael).

I'm actively looking to purchase a single family home investment property in Bettendorf, IA and was recently struck with the thought that perhaps it would make sense financially if I were to find a single family home that has a separate income suite/apartment in it, or the potential for one, so that I could rent out the main house to one set of tenants and the basement apartment to another set of tenants.

What are the zoning implications/legal implications? Does anyone know who I would ask? A real estate attorney who knows Bettendorf?

Also, does anyone have experience doing this sort of thing? What are the drawbacks (beyond zoning and dealing with 2 tenants)? Appreciate any advice, thoughts, guidance from those who've owned this type of property.

Thanks.

Selling my Chicago condo, located in the Old Town and Gold Coast neighborhoods for $210,000. Views of the lake. New floors, paint, kitchen and bath. Room for small improvements. Zillow picture and video link here: 

https://www.zillow.com/homedetails/1460-N-Sandburg-Ter-APT-1010-Chicago-IL-60610/3853439_zpid/

Listed for rent $1800 (because it is off season, but could get $1925 during prime season). Lowest priced true one bedroom for sale in Sandburg Terrace.

Building is going to be renovating halls and common areas. Great opportunity. Had property under contract with investors but their financing fell through.

Awesome! Thank you so much! Do you have my e-mail address from my profile or should I send it to you?

Hello Everyone - Are there any realtors who would be willing to pull 6 months of data off the MLS for 3 bed, 2 bath and 2 bed, 2 bath rentals and sales for east Davenport and Bettendorf? Looking for final sales and rental prices, previous 6 months.

I'm beginning to familiarize myself with the east Davenport/Bettendorf market as I'd like to invest in a rental there. I'm from the area, although no longer live there. I have a condo in Chicago that I'm closing on in a few weeks and plan on taking that money and reinvesting it in a QC rental.

Don't want to waste any agent's time, just looking for a quick search and of course if I end up buying off the MLS would like to utilize a realtor who helps me out. Truly appreciate any time and guidance provided.

Thanks,

Allison