All Forum Posts by: Giovanni Branch

I got my renewals in for rental units with State Farm and my premiums have more than doubled. I have taken no claims on the property and want to start shopping the rates.

Thanks in advance!

Hi Donald Aleshire!

So unfortunate to hear that! I do have a great insurance broker who can assist you with getting a quote.
Here's their contact information.

Sophia Simpson
Phone #312-764-5657
[email protected]

0 Votes

Chicago, Illinois

Quote from @Jenniffer Nosenko:

I am a young female looking to invest in multi units in the Chicago land. I was wondering if anyone had any contact info to some good realestate agents, CPA's, leaders, LLC cites, contractors, property mangers, or any other resources that would be helpful in setting up a team for my realestate business. I would also love any advice on anything to do with the home buying/investing process. I will gladly take any suggestions like meet ups, learning websites, books, podcasts, or even meet with other people who started real-estate investing to talk while I buy them coffee or dinner.

My question for you is, how did you get started in the real-estate buisness?

Hi Jenniffer Nosenko,

Welcome to BP! Great to see you're starting your investing journey and seeking the knowledge on this platform. I can connect you with a real estate agent, CPAs as well as other investors in the Chicago area who can give you advice.

I got started investing by doing a House-Hack on a 2unit property. It's a great way to remove what is your biggest expense (housing).

0 Votes

Chicago, Illinois

Quote from @Brett Russell Coleman:

Hi all,

I’m an academic and a total newbie to real estate investing. I'm looking to learn, make connections and figure out the best approach to get started. I’m currently soaking up as much knowledge as I can on BP, saving money, and planning to buy my first house hack in 2024. I’m in Chicago and would love to connect with others in the area (and elsewhere) as I figure out my path! If anyone has tips about house hacking, getting started with little money, or getting started in investing in general it would be much appreciated!

Hi Brett Russell Coleman! Welcome to the platform. Great to hear that you're investing in your learning.

I actually started my investing journey in the same route by house hacking a 2 unit. Here's a podcast i'm sure you will find with great information. https://www.biggerpockets.com/blog/biggerpockets-podcast-252...

0 Votes

Chicago, Illinois

I am looking at possibly obtaining property by using a Subject-to method. The property is distressed and needs work done. The seller is out of state and is looking to sell as soon as possible. How would I approach the listing agent or seller with a subject-to as the purchase method? The property has been sitting on MLS for 5+ months

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@Tricia Miller Congrats on the Purchase!

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What would be the pros & cons of purchasing a property with a tenant from previous owner?

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Originally posted by @Dan Maciejewski:

First, what to your ideal clients / tenants want?

Next, what is your competition doing?

Third, what will last longest and be tenant-proof?

Next, what fits all that and fits your budget?

I have found that builder-grade doesn't last and isn't worth the savings. My ideal tenants are making above the median household income for the area in Pinellas County, so I put granite counters, stainless appliances, upgraded solid wood cabinets, LED lights, etc. . .

The property is located in a C Class area. I've done some research to see similar rentals in the area and all seem to have basic appliances and materials. I do plan on attracting better quality tenants.

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Hello BP Community, I recently purchased my first multifamily property. My question is what kind of materials for rehab should I use on property. Should I be buying more budget friendly Flooring, countertops, light fixtures etc. Or do you typically make a decision based off what the area and comparable rentals have in place?

2 Votes

@Theresa Harris Thanks for the suggestion! I will take it into consideration. The home is worth it 100%.

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@Corey Hawkinson Thanks for the response. I have looked at that option. Realtor is just worried that if the property doesn't end up falling through I will be left with spending on fixing the property for no reason.

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All Forum Posts by: Giovanni Branch

Giovanni Branch has started 6 posts and replied 17 times.

Post: Chicago Rental Insurance Broker

Post: Where do you start

Post: Total newbie here!

Post: How to Structure a "Subject to" deal for a property listed on MLS

Post: Rental #3 Bread & Butter SFH

Post: Buying a property with a tenant

Post: Rental property rehab

Post: Rental property rehab

Post: Appraisal came back with fixes to be done

Post: Appraisal came back with fixes to be done