All Forum Posts by: Shara Carlton

I have a good contractor, pm me. Thx

@Rolanda Eldridge Visio doesn't lemd in my county. @Christopher Giannino To bring it up to code, I wpuld have to redo the position of the windows and, like u said, that might be an option if it doesnt cost too much. @Eric F. it was advertised as 4/2 by the owner. @Joe Villeneuve ARV as 3/1 is only $75k, which is kind of low to me, even as a 3/1. cash in is about 5k (closing costs) and $678/mo imterest only payments (we're at about the 18th payment).

@Rolanda Eldridge Visio doesnt lend in my county. @Christopher Giannino to bring it up to code, i would have to redo the position of the windows. That might ne an option, if it doesnt cost too much, like u said. @Eri

I was trying to do the Brrr strategy with purchasing my first property. I bought for 60k with an HML, it was already rehabbed, so we just repaired plumbing and a few holes in the walls, now, we are trying to refinance and cannot. We bought the house as a 4/2 but it is appraising as a 3/1 because the extra room and bath do not meet building permit requirements. So, now the value is only $15k more than what we bought it for and we cannot find a lender to get us out of this hml. Any suggestions on how to find a lender for this project? I was looking into B2R, but we don't have enough equity to qualify. How do i present my loan request to a lender to get the refinance based on rental income, employment income and credit only, and Not solely on the value of the property? loc maybe??

Hi Mike! Welcome to BP. You will learn ALOT from the blogs and I LOVE listening to the podcasts. They are very inspiring. How's business going in IL?

Hi Yolandra. I have a pretty good crew that I work with. I coordinate the work, schedules, and do the paperwork for them so that everything is done correctly and on time. Let me know if you want to give us a try.

Hi Mark. Welcome to BP!

I just so happened to log on to BP to check my keyword alerts, and your post was right at the top. So, I figured that I would take the opportunity to pick your brain a little bit.

I am starting a property management company. However, I don't have a broker's license (can't afford the time or money to get one) so I am going to hire a broker and get a leasing agent license(easier to get and less expensive). My question to you is, how much should I compensate my broker and in what increments (per lease signed, per month, per quarter, etc.)?

Any advise would be great. Thanks

Hi Iwetta! Joining the forums was a good idea. Listening to the podcasts inspired me to get back on the forums and increase my networking opportunities.

How do you plan on finding your fix and flip? Where do you want it to be located?

Looking forward to seeing more posts from you!

Originally posted by @Narmina G.:

If you're LLC or other entity we don't pull credit.

Hi Narmina. I have an LLC and I am looking for funding. What are your rates and whatnot?

Originally posted by @Tim Brown:

Hello Everyone!

I'm a buy-rehab-hold investor focusing on sfh's & multi-family buildings in Chicago for the foreseeable future.  With my own sweat equity, I rehabilitated a single-family in the past and flipped a few projects, but took a long hiatus.  I have recently re-entered the real estate market with the above goals, and have been absorbing as much experience from several pros as I can.  My first project is expected to complete on Dec. 7th. I love real estate and providing amazing homes for others, especially veterans. Being a veteran myself, it really touches my heart to know that there are so many homeless veterans. I plan to help reduce that number!

Thanks for taking the time to read my intro, and I hope we can become resources for each other!

Welcome back to REI Tim! I am getting back into actively participating in BP and, as I am, it is great to see all of the new introductions from all of you business savvy and driven individuals! Looking forward to your posts of successes and challenges.

In wh parts of Chicago are you farming?