All Forum Posts by: Hassan Asif

Hi All,

I am looking to convert the basement into an ADU hence I will need to interact with local authority in order to obtain the building permit. If you've worked with some affordable Architects in Alameda, CA, could you please recommend them to me?

I have had one of the worst experiences with rehabbing a home in Glendale Heights, IL (Suburb of Chicago) with the city inspectors. Some of the most picky, arrogant, expensive, nastiest, non-cooperative inspectors that I have ever met. Will never invest in that part of country again but I am curious to see what other cities to avoid. Wondering if we can get a list of the top 25 cities, municipalities to avoid for rehabbing. 

 Realtors for great deals? NO disrespect, 99.99% do not have deals. I see many here on BP paying or about to way overpay, just because their realtor told them it was a great deal and looked great on paper. I have been doing biz in the Cleveland markets for 10 years, let's just say one or two deals, NEVER using a realtor. Last month I was chatting with someone on BP that was about to pay 130k for a duplex in N Collinwood, that needed 30 40k in reno, TERRRIBLE that is about 30 - 40k overpriced. However, on paper it looked good. He did not buy it and thanked me. Another paid 170K for a 3 br in GH, that needed about 25k in reno, and only rented for 1300, again beyond terrible. Realtors are not the way to go, Sure some have a clue so please do not get all twisted. My last 3 closings, 3 BR Lee Harvard all in 75k, rent will be 1600, Duplex all in 90k rent will be 1800- 2k, Duplex all in 90k, again rents will be 1800- 2k. Closing next week on a 4 br 2 full bath all in 80k, rented for 1400.  Now those are deals :)

All the best 

@Hassan Asif

We have partners who are foreign investors. DM me, and I will send you contacts for attorneys, lenders, and accountants they have previously used. It is important that you hire professionals who have experience working with foreign investors.