All Forum Posts by: Dahtanun Combest

Hello, I'm new and I plan on doing fix and flips in Chicago's South Suburbs. I'm trying to figure out what Rehab prices (material/labor) should I expect to pay as an investor and still be profitable.I'm focusing on SFH maybe 900-1,800 sqft. For example, how much should a roof cost? How much for single pane windows?How much for double pane windows? How much for plumbing?How much for electrical? How much for HVAC? How much for siding?How much to renovate a garage? How much for a nice updated bathroom? And how much for a nice updated kitchen.(nothing Super crazy just nice,updated and modern. It seems that most contractors that I speak with are all over the place with these prices so I'm trying to get a general guide post for this market. Square footage approach eample:Light rehab sqft? Moderate rehab sqft? Heavy rehab sqft?(scope of work for each of those categories included please)would help a lot. Thanks!

Hello,

Thanks to all for the advice. I look forward to attending the meetup at A and N Mortgage Services. Also for Jonathan, I'm looking for properties in Bronzeville and Bridgeport due to currently living in Bronzeville and being familiar with the area. Bridgeport is also an interest due to a real estate agent suggesting that it is a great place for midterm rentals which is my primary focus.

Thanks for your rapid responses. I will  be attending the meetups provided and thanks for all of the advice that will be helpful for my real estate journey.   

Hello,

I am currently a W-2 employee who is ready to start my real estate investor career. It has been a journey that includes purchasing  online courses, attending a couple  of meetups ,viewing plenty Youtube videos and reading numerous of real estate books. This has led to bouncing from bouncing strategy to strategy in my mind only . Finally , I have come to the conclusion that the strategy that is the most conducive for my lifestyle is small multifamily househacking (midterm rentals) . I am preparing to move and use a down a payment in the next 6 months to obtain my first property. With interest rates being at the all time high, I am hoping to find an off market deal or creative finance deal. I reside in Chicago and upon research it is best to  connect with like minded and experienced real estate investors. So the question is, are there any local meetups in the Chicago area or nearby cities that are newbie friendly that does not focus on sales pitching and purchasing an expensive mastermind program ? Any advice or tips are highly appreciated . Thanks!