All Forum Posts by: Nida Hussaini

I couldn’t find hone of my choice.. i thought about buying upper fixer but prices are all hiked up.. so i m thinking if building new home would be a good idea? If so is it recommended to hire building company for design n build or its better to have seperste architect and separate builders?

The 8000 sqft land in my preferred area is selling for $250k.. if I want to build a 4-5 bedroom 3.5 bath home , 2800sqft.. how much it might cost me??? Is it worth building, ??

iff I were to buy 1970’s house and plan yo renovate , will I have resale value??if i plan to sell in 2-3 years.. 
I’ve found a 5000 sq ft home in unincorporated area, popular neighborhood, its 1979 build, its in decent condition but requires flooring, paint , exterior roofing , walls all renovated, guessing cost might be $150k to make it new.. The houses surrounding this home are newer models (2013 etc) and smaller sq ft..,  is it worth taking risk on such a huge home..renovations might take 8 months, then might be a bit difficult to find buyers since home is huge.. so out of pocket cost.. Do buyers prefer newer homes for such huge sqft rather than renovated?? 

Looking for advice by investors here..upper-fixer 

I’ve cash, I’ve want ,i spent hours looking at zillow, realtor.com and few other sites, reading posts in BP forums and came to realize that unless you have access to mls, there is no deal good enough for you since “all” good deals are already gone bye the time it reaches the market.. wholesalers? No idea how to contact them? Real estate agents— idk i feel like mls properties which are going for lower prices never show up in my search :’(

Knowing that no property is good enough when it reaches these websites and Hearing contractors take 45% of the profits , 4% closing cost, 4- 5% selling costs .. has demotivated me.. losing home if investment is my thing at all..

@Jacques herve ahaha! Thanks for your post!!  agreed, when I asked my agent the same question, his answer was "sometimes its just the time when it is put in the market" so i'm just not feeling comfortable with him as my agent. 
@Patrick Strain on the carpet , the corners looks dark and the dark patches in the middle.. could be water damage/mold?

Experts help!

was foreclosed in march.

REO property which has been on the market for almost an year now. Listed for 450k (5300 sqft, Built 1979) in a Good neighborhood. last sold price 600k(2006)

1- Is it advisable to reach out to listing agent directly? or its better to  be represented by a realestate agent? I heard listing agents are more willing to make a better deal when we directly reachout to them?

2-Real estate agent says this property might be fixed up for ~70k max, though I see mold and water damage in pics, he said he don't think there are major issues and he mentioned taxes were 10,000, lower than the avg in that area for that sqft but when I did my own search from county it showed the taxes for 2018 were 16k just how every other house was priced at[so not sure if I should go forward with him?]

3- Could you please share your experience/thoughts based on pics attached, how much would this property renovation cost me to bring it to current code standards and marketable to get good returns? I'll view the property this weekend.

4- This has well-water setup, and all other properties in 1 mile radius, 4000 sqft homes are all private well and sewer setup.. Would it add value to the property if I spend money in city water hookup? 

5- This home is 1979 build with largest plan in the area 5300sqft.. Other homes are around 3000- 4500 sqft, however they are all newer models ranging (1994 - 2013).. is that going to be a negative point/diminish the value of home even after renovations?

6- if mold issue exists then should I straight forward turn away from considering this property as investment?

what should  I look into properties to consider it for possible investment, I understand no time is bad time to invest in real estate. However , could you please direct/guide me to how to approach this investment. say I've 50k and I want to generate cash flow out of that.. what and where should I invest to make smart use of that money..

what properties are considered good properties for cash flow?

please advice good investment deals in chicago(i'm also planning to be in one unit while i rent other units but this is going to be my first investment,,

want to be in a safe neighborhood and also be able to rent out and start making some money with the cash in hand.. 

whats the safe investment, how much cash should i have in order to invest in multifamily and start making use of money in hand.. is this a good time to invest and buy property in chicago or is it better to wait another few months?

hi Greg/TJ, thanks for taking time to respond.. Do you mean to say that I create the list the types of finishes and fixtures  and/or design plan I want and then request the contracting companies to provide their  detailed cost estimate for those items?? Is there any template that I could use to create the list? and any precautions to take while reaching out to contracting companies?

Based on pics , could you please advice how much am I looking at to renovate this home ..

Also, if it were you, how detail is your bidding forms?

could you please let me know how much am I looking at in terms of cost of renovation (paint, laminate flooring, fixtures, lightening, cabinets, etc).. this is a 3 unit (18 bed, 9 bath multi family home).. will be inhabited mostly by college graduate students.. suggestions, advice recommentations are welcome.. also please advice me on contractors bidding process..