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12 January 2025 | 3 replies
If the cost of rehabbing it is more than it’s insured for, they’ll just cut me a check for what it’s insured for minus the $2,500 deductible.
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21 January 2025 | 14 replies
Unfortunately, Uncle Sam always wants his cut ;)
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15 January 2025 | 24 replies
My partner and I don't get a cut of any of the money invested, it's a flat-fee membership club.
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18 January 2025 | 15 replies
As others say, make it crystal clear in your listing that the "shells may cut a dog's paws, and we don't allow pets."
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21 January 2025 | 27 replies
OTRCH operates a couple of what I call "wet rehab" centers meaning congregate housing for persons otherwise homeless and there are several other agencies like "First Step House" etc. that might be interested in a presence in this block.Or you could cut your losses and put it back on the market under the "greater fool theory."
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21 January 2025 | 10 replies
This company charges 15% on top of any maintenance requests in addition to their normal fees but all I need to do is approve the estimates - they do all the work/communication with the contractors.Recently my PM sent me a few maintenance requests: a $1400 to fix some plumbing in a bathroom (clogged and leaking - contractor says they need to cut the pipes, reroute and replace some plumbing, recaulk.
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16 January 2025 | 8 replies
suggest you find a different attorney firm to work with...they'll take a cut, but worth it.
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16 January 2025 | 7 replies
I can see when they're cleaning the pool, cutting the grass, servicing the HVAC unit outside, etc.
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15 January 2025 | 10 replies
I’ve had to widen my search radius to smaller suburbs or target properties needing light cosmetic work to make the numbers work.Value-add opportunities: Adding amenities tenants love, like finished basements or upgraded kitchens, seems to justify rent premiums in this market.Navigating the competition:Be creative with financing: Seller financing or partnering with other investors has been helpful to secure deals when conventional offers didn’t cut it.Work with local agents and wholesalers: They often have their finger on the pulse of off-market opportunities, which is critical in a hot market.For those new to suburban Chicago investing, I’d say the key is finding the “sweet spot” neighborhoods—ones on the rise but not yet maxed out in price.