All Forum Posts by: Jeff Davis

We are in the early stages of developing a budget to purchase a 2/3-unit MF in Chicago (Andersonville/Edgewater). Does anyone have any insights on how much we should budget for cosmetic rehab (i.e kitchen/bathroom upgrades, etc)? We would like to be able to establish a healthy target to save for the downpayment, closing cost, and rehab so we have the funds we need to do the work that needs to be done.

Any general rules of thumb or general guidelines would be extremely helpful. Thanks!

Thanks for the advice Aaron! Appreciate the offer to connect. 

Thanks for the kind welcome! Plan to definitely check out the monthly investor Meetup.  

@Jonathan Klemm Thanks for the warm welcome. We are focused on the Andersonville/Edgewater/Uptown area at this point. Will pop over and join the Meetup you shared to learn more about the events you all are putting together. 

Looking forward to learning more!

@Justin Windham Thanks for the warm welcome and additional information! Looking forward to getting connecting and adding value however I can. 

Thanks for the kind welcome @Julio Gonzalez

@Henry Lazerow

Hey community members - 

I'm excited to have joined the BP community! Thought I post a quick intro to start getting involved with the forum. 

My partner and I have decided that we want to get into real estate to expand our investment portfolio and we believe house hacking is the best way to get started. Right now we are focused on educating ourselves and connecting with others that have a passion for real estate and/or experience house hacking on the north side of Chicago. Our focus is on 4-unit multifamily buildings. 

We are really excited about the journey and look forward to learning from others in the forum and other area events. 

Hey - 

We are in the early stages of looking to purchase our first house hack and I am considering becoming a licensed real estate agent. Not looking to actively sell real estate more focused on the education and having access to the tools that an agent would have. We plan to still use an agent for our purchase and let them handle that side of the transaction. 

Any thoughts on whether obtaining the license here in Chicago is worth it while we gear up for our first house hack?

Looking forward to any thoughts/advice.