All Forum Posts by: Mounish Thatikonda

I am currently embarking on a rental property investment journey and have encountered challenges in finding available fourplex properties in the current market landscape. Considering this constraint, I am contemplating an alternative approach: constructing a fourplex on a suitable piece of land.

With a capital investment of 25%, I am curious about the financial viability of this strategy. Would building a fourplex from scratch yield favorable returns when evaluated against existing property options? Moreover, I am interested in understanding the feasibility of securing financing from lenders for such a project.

I am eager to hear from experienced investors in the community regarding the pros and cons of building versus buying fourplex properties. Your insights and advice on the financial implications, potential hurdles, and lender considerations associated with this approach would be immensely valuable to me as I navigate this decision-making process.

Thank you for sharing your expertise and contributing to this discussion.

As a first-time rental property investor, I am currently in the process of evaluating a potential investment opportunity and seeking guidance on an aspect of property layout. Specifically, I have come across a single-family home featuring three bedrooms and one full bath, which is shared among all three bedrooms. Additionally, there is a powder room adjacent to the living room.

I am keen to understand the market desirability and rental potential of such a layout. Would this configuration typically attract renters at all? Are properties with a single full bath for multiple bedrooms and an additional powder room will rent for tenants with kids?

Given my novice status in the rental property market, I greatly value the insights and experiences of my peers on this forum. Any feedback or advice you can offer regarding the rental appeal and marketability of this layout would be sincerely appreciated.

Thank you in advance for your time and expertise.

I am reaching out for guidance and assistance as I embark on my journey into real estate investing, specifically focusing on rehabilitating and renting properties. Today, I had the opportunity to visit a foreclosure property located in the western suburbs of Chicago. While initially enthusiastic about the potential of the property, upon inspection, I found myself overwhelmed by the extent of work required for its rehabilitation.

As a beginner in this field, I must admit that I feel ill-equipped to accurately assess the necessary renovations and calculate the total cost of rehabilitation. I recognize the importance of having a thorough understanding of the scope of work and associated expenses to make informed investment decisions.

Therefore, I am seeking recommendations for experienced contractors or professionals in the area who specialize in property rehabilitation. I am looking for someone who can provide an expert assessment of the property's condition, outline the necessary repairs and upgrades, and offer reliable estimates for the rehabilitation costs.

Any guidance or referrals you can provide would be immensely appreciated. Thank you in advance for your support and assistance in this endeavor

Thanks in advance

 I’m looking in and around lake county 

In the prevailing market conditions of Chicago suburbs, are there opportunities that adhere to the 1% rule, ensuring a positive cash flow in 2024?