All Forum Posts by: Mark F.

@Dan Cournoyer - where are you located?

In addition to the above comments about painting/decluttering I have one one other suggestion.

I also use Cozy for credit/background check but only as the last step in approval. I give out paper applications and explain to them that if we are both in agreement to move forward then the background check is required and its $39 per adult that they have to pay. I do emphasize its the last step in approval and I think that if you are making that one of the first steps to just apply not even knowing that they will be approved, only considered might be a huge turn off to many people. 

Just a thought.

Get a hold of @Joe Mueller, he has a real estate company in Algonquin and they do weekly investor meet up's at his office. Joe is big into investing and will be an invaluable resource if you are serious about investing. Likewise @Zack Karp is your go to guy for financing. I have strong ties to both Joe and Zack in my investing world.

Mark 

and @Zack Karp is a good lender to work with - I speak from experience....

I do GC for my own projects but have a contractor that does a lot of my general construction that might be able to help you when he's not working on something for me, or if there is something I can help with give me a shout.  

Reach out to @Zack Karp, he will get the job done. I've used him a couple of times, he and his team are top notch and they are in the NW Burbs too....  Mark 

Put me on your mailing list please, I own a few in Elgin and am always looking.

Depends on the value of the property, the balance of the outstanding mortgage and how much your brother needs/wants for renovations. It sounds like either selling and splitted the profits or your brother refinancing the home with paying off the mortgage and your half of the asset. It sounds like that even though there is only a small mortgage as you mentioned in your first post that that value of the property does not have enough equity for the original loan payoff, your half of the equity in the property and the amount your brother wants to borrow for the renovation. 

Hey @Dan Gongora how have you been, I don't think that will work unless you have a significant amount of equity in both to pull out separately but talk to @Zack Karp and he will give you a firm and accurate answer. Zack and his team are top notch and I've used him several times myself.

and @Jeremy Margaritondo I will also add in that @Zack Karp is an awesome mortgage guy if your looking for one in the area as well. I have personally used him and his team several times and they are top notch!