All Forum Posts by: Cameron Burnett

Good morning,

Was wondering if anyone here is a carpenter? Looking to get some quotes on making another access point to my crawl space in this new property I’m buying. Thanks ahead of time.

Location - Logan Square / Avondale Area

Anyone got a recommendation for an exterminator? Trying to have recurring appointments set up, just a got a property in the Avondale area and I’m aware of rodents being pretty bad on the North Side as well as when my inspector went into my crawl space he noticed a few droppings. Any help or suggestions would be greatly appreciated!

Anyone know any crawl space encapsulation contractors that offer that do a good job. Trying to find someone but would rather get recommendations here than a traditionally google search. Thanks! 

Good Morning,

Currently in AI for my first property that i plan on househacking in the Avondale Neighborhood. Looking for a second opinon as to why their is a slight lean on this property. The property inspector we used this first time, did not document it in his report and i want to be certain as to way their is a clear lean on the property other than "Its chicago and its common for older properties". If anyone has any recommendations please let me know. our AI Period ends on Tuesday. Much appreciated!

Good Morning Everyone, 

After many months in analysis paralysis I have finally decided to pull the trigger on my first Househack. Everything is great as we just got done with the property inspector yesterday, only one thing concerns me in terms of renting the "Bottom Unit" out. 

1. Background - this property is located in the Tri Taylor Area and was built as a single family home with the basement converted to its own inlaw unit with a full bath and kitchen. The past owners state they had no problem renting out "basement unit" as it came with a parking spot, in unit washer and dryer. The unit is set up to be completely independent with their own entry to apartment.  After the inspection i have two concerns.

1. There is only one "legal" eggress for the rentable unit, which is the front door. So i would have to either pay for another egress, which would move than likely have to be in the living room area of the unit, which i imagine would like tacky. 

2. The bottom unit doesn't have it's own independent hvac system so AC and Heat is shared with the first floor of the property. I occupy the first and second floor. I have been thinking my solution with this would be to just give them control of the temperature and try and offset it with the temperature from the second floor if i find myself uncomfortable. 

I guess my biggest question is, does anyone have nay experience with a single family home converted to a two units / a makeshift basement inlaw? 

Good Morning All,

I am currently looking for a real estate agent that is familiar with the VA Home Loan and the Tax Exemptions to Disabled Service Member, (Currently a 70% disability rating). I am looking to HouseHack in areas near downtown, interested but not limited to, Humboldt Park, Wicker Park, Logan Square, West Town, Bridgeport, Pilsen, and Bronzeville. Would really love to establish a relationship with this agent as i plan to aggressively dive into real estate. I recently got pre approved for 575K. Thanks and i look forward to chatting!

Thanks guys for the overwhelming support and guidance! Much appreciated. Some of you mentioned "Why House Hack?" and I suppose i would like clarification on that. 

Currently I am renting. Would you guys recommend buying an investment property while still paying renting an apartment or should I purchase my own property and then look into getting into an investment property? 

Hi all, 

First time posting but long time lurker! I am seeking advice today as i am less than a year out from hopefully purchasing my first investment - a duplex upon which i plan to househack. Just looking for guidance on first steps i should take based on my current financial situation.

Currently i have, 

50K invested in the stock market that i don't mind putting towards renovation of property

7.5k in a High Yields Savings

and a growing 401k (just graduated college and got my first job and putting 10%)

I make 94k pretax per year

800+ Credit Score

and have 0 debt.

I plan on financing using the VA Home Loan as i am a veteran and due to my disability of 70% i receive massive perks in the Illinois when buying property. My lease at my current apartment ends in july of 2021 and i am hoping to purchase a duplex / triplex upon which my girlfriend and I would house hack.

I suppose i have two pressing questions

1.Any advice on when i should start contacting real estate agents, financing officers, or doing property tours? Thanks ahead of time for all the help. 

2. Do people often time use stocks as a liquid way to repair properties? I am wondering if it is best if i start putting more in my HYSA or keep investing in the market. I know its risky because i dont know if there will be a downturn next year when i plan on buying but i also dont want to miss out on growth returns that are far superior to the low interst rates even HYSA's are getting now adays.

P.S. if this is the wrong area for this question, my apologies.