All Forum Posts by: Connor O'Brien

How is the tenant? Do they qualify for CHA or section 8?

Might be easier to collect monthly direct deposit and sell as occupied turn key

I did take pictures tho showing all belongings were moved

I know some people make them sign a buy out agreement agreement. I didn't because the tenant was extremely cooperative and in a difficult situation

I got a section 8 tenant out by calling everyday and offering to pay for moving service. Finally gave ultimatum out (keys returned) in a week and I'll pay $300

She accepted..

I used Chicago marathon movers to move:

A 5 star review of Chicago Marathon Movers by Connor O.:

https://www.yelp.com/biz/chicago-marathon-movers-c...

She never returned keys so I kept $300

luke kotulski with get inland. Dm me for details

Luke Kotulski - Get Inland DM for details

@Ronan M. stuck to my guns and the property was delivered vacant! Thanks for the advice

The place was filled with trash but still better than an un-wanted tenant 

*my contract had a clause if financing fell through.

it took him approximately 2hours to determine it was feasible. He was hard to schedule though

I would make sure contractors have plenty of time to get you accurate bids during contingency period. My contact had a financing clause of the financing feel through I got em back.

My lender is Luis Hernandez from stearns lending. He has a lot of experience and he's cheap but he does not have the same administrative help you will get with guarunteed rate (I think this may have contributed to the extended time to close).  

In my experience the hud consultant was looking for a punch list needed to pass FHA... Not the furnishings needed to raise rents or repairs to make the property durable. (My hud estimate was 2-4k... Total rehab costs are 40k)

If I was doing it over I would pay more attention to MY contractors/ their bids and defining scope of work. As some other members mentioned the scope is locked in When you close. So try not to miss anything. (I already found some things I missed) 

I'm using Luke with inland construction for the rehab. It's the first time I've used him but he came highly recommended and didn't hold up the financing process at all. (Contractor has to provide a ton of paperwork)