It's amazing to see old properties get renovated into something beautiful again - It's one of my favorite things about being a Chicago general contractor!

Hey @Jacob Kurian - I have personally used the FHA loans several times here in Chicago both as an investor and many more as a general contractor.  

Good Afternoon,I just have a few questions regarding your contractor that you use.

@Jewell ArceneauxHow to drive ARV (my opinion)Improvements that drive the ARV the most: Roof, New Kitchen & Bathrooms, Flooring, PaintImprovements that DON’T drive the ARV as much: Windows, Landscaping, Driveway, Rough Plumbing & Electrical

Do you have the professionals you need to start an LLC, do the proper real estate/tax accounting, solid contractors to rehab or prepare the property, and a property manager to handle the day-to-day operations? 

I'm particularly interested in:Finding Mentors: Connecting with seasoned investors who can offer guidance and insights.Networking with Professionals: Meeting real estate agents, lenders, contractors, and other professionals who can contribute to successful deals.Exploring Joint Venture Opportunities: Collaborating with other investors on potential projects.Learning About Local Market Trends: Gaining a deeper understanding of the real estate dynamics in these areas.I'm open to attending local real estate meetups or cash flow groups.

Borrowers will be provided an upfront disclosure detailing this information.Contractor(s) Acceptance: Ø does not “approve” contractors or refer contractors.

It seems reasonable, but be sure that only your contractor is handling any of the work.

Specifically, is the rental market stable, and is reliable assistance (like agents, property managers, contractors, etc.) available?

@Marc ShinThe timeline for completing the BRRRR process can vary depending on a few key factors, like the condition of the property, your financing strategy, and the speed of contractors.