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All Forum Posts by: Eliza Rivera-Mitu

Eliza Rivera-Mitu has started 1 posts and replied 7 times.

Post: Need advice re South Chicago fourplex

Eliza Rivera-MituPosted
  • Investor
  • Carson, CA
  • Posts 10
  • Votes 1

Thanks so much for all your replies! 
Property is on Escanaba Ave, 9bed, 4ba, bought it for $60k, spent over $100k with almost full reno inside, new plumbing, new floors, electrical, HVAC, roof, etc, then last year I got a list of code violations that had new issues that I had never seen before, including basement beam and siding repair, fix cracks on the perimeter, fix balcony, etc . I was originally given an additional $20k estimate to get it all done and make the property rent ready, but since that GC disappeared, the estimates that I have received have been $75k or higher! I also want to go after the GC but don’t even know where to start with that. I did have a contract with him. I later found out in the process of trying to track him that he also disappeared  on other projects. And none of the work he did for us even got inspected, he kept saying the inspector rescheduled. 
Will also definitely contact Mark Ailey.

I really appreciate all of you on this thread, grateful for Bigger Pockets!

Post: Need advice re South Chicago fourplex

Eliza Rivera-MituPosted
  • Investor
  • Carson, CA
  • Posts 10
  • Votes 1

Any veteran investor who is familiar with South Chicago and willing to share your expertise? Need some advice regarding our fourplex pls. GC ran off with unfinished code violations that turn out to be more expensive that he estimated. Now we’re stuck with a high rehab loan,  and nowhere near being rent ready. Made a lot of relatively “rookie” mistakes that I now need to clean up. Going back and forth between selling and cutting our losses or getting another loan, which will make our overall loan higher than the property value, to fix and eventually hopefully rent. 😫 Any expert advise would help. 

Post: Mortgages through an LLC

Eliza Rivera-MituPosted
  • Investor
  • Carson, CA
  • Posts 10
  • Votes 1

@Jason D. Do you have any you recommend in IL? Thanks

Post: Mortgages through an LLC

Eliza Rivera-MituPosted
  • Investor
  • Carson, CA
  • Posts 10
  • Votes 1

@Dan Gamache are you a private lender and do you lend in IL?

Post: Rental Insurance

Eliza Rivera-MituPosted
  • Investor
  • Carson, CA
  • Posts 10
  • Votes 1

Need suggestions for a reliable rental property insurance company in CA and IL please. We have 2 properties in CA and 1 in IL, i'm not sure if we should or would qualify for one that has an umbrella policy. Would like one that actually handles claims well - we had an incident with one CA property and the insurance company we are currently with is handling it very slowly and poorly! Thanks!

Post: Rental Property Insurance

Eliza Rivera-MituPosted
  • Investor
  • Carson, CA
  • Posts 10
  • Votes 1

Have any of you actually gone through filing a claim with either USAA or State Farm? How easy was the process with USAA? Thanks.

Post: Seller Financing Ideas

Eliza Rivera-MituPosted
  • Investor
  • Carson, CA
  • Posts 10
  • Votes 1

Hello Robert, once you get going, let us know. We're looking to buy wholesale in TX.