26 May 2024 | 2 replies
Just like the rest of the house, the roof is also shifting and settling in... if they made the roof "tight" then yes you are going to have some places where corners might break or things happen.
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30 May 2024 | 63 replies
It will give you an automatic head start, an amazing advantage.....
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27 May 2024 | 20 replies
MF hedges against market shifts and cap ex. also doors are a multiplier X so if i have 100 units under 1 roof and 1 of my tenants moves out and trashes the place well thats only 1% of my expense.. as opposed to 1 SFR which would be 100% of my expense.. the only aspect I could potentially agree with is the liquidity.. but lets start off with IF you are investing in holding real estate then you SHOULD be holding LONG TERM. so liquidity is only a tertiary calculation.
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26 May 2024 | 10 replies
It worked out in the end and we’ve made some changes to our automatic messaging.thanks for the advice!
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25 May 2024 | 7 replies
I recommend a structural engineer further evaluate and make recommendations related to this observation” And regarding this make-shift supports: “Temporary posts exist in the basement that should be considered for replacement with a permanent support system.A temporary post is noted as a support to the ground that does not appear to be resting on a footer.This temporary support post is holding up a metal beam supporting a large portion of the house.This is a structural concern that should be reviewed by a qualified engineer/contractor”I will include a couple pics as well
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26 May 2024 | 14 replies
Its nice to have the little stuff taken care of, but I'd get bids on larger repairs rather than automatically going with their guys.
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25 May 2024 | 11 replies
Now a landlord (and architect), I wouldn't build out the space without the second stair since it really is a safety issue/liability (especially in case of a fire) if anything were to happen.Full excerpt of building code below:According to the Chicago building code on egress requirements, the third story above grade plane within a dwelling unit [which in this case is the duplex-up unit], all the following conditions must be met:1.) the building is equipped throughout with an automatic sprinkler system2.) the floor area of the story does not exceed 1600 sq ft3.) the dwelling unit has an exit that discharges directly to the exterior at the level of exit discharge.Your third story attic space is unlikely to exceed 1600 sq ft, but you'll probably find the sprinkler system to be cost-prohibitive.
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23 May 2024 | 7 replies
Austin Market Update: Still a Seller's Game, But Inventory Grows (April 2024)The Austin housing market continues its shift towards normalcy in April 2024.
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25 May 2024 | 7 replies
This could suggest a shift towards a more balanced market or even a buyer's market, where there is more inventory available and less competition among sellers.The Median Days Homes are On the Market is 18, which is relatively low and suggests that homes are selling quickly in this market.
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24 May 2024 | 17 replies
It does not automatically mean that their recommendations are bad, and I did NOT say that financial advisors were to be avoided or ignored.