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3 December 2024 | 7 replies
Basically scale in paper and challenge it with your personal time, resources, desires, finance, insurance, PM, etc.
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1 December 2024 | 5 replies
The only reason I've heard of Morris Illinois, is beacuse our family used to drive to central Illinois to camp and boat, and Morris is directly on Route 47.Are you currently investing in Chicago or near you in Joilet @Scott Meech?
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2 December 2024 | 35 replies
The next neighborhood over (literally across the street) is pretty nice, but falls in a different township that has higher property tax, and then the next neighborhood (about a 4 min drive and 15 minute walk) is much lower end, and while fine class C-ish area, you can't push rents much, and the village has its own income tax, so you will pay 2% of your net to the village...But back to first comment: take 4-5 days and travel to each.
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5 December 2024 | 20 replies
If it is a market rate class A, B or even C properties, I would say that it (basic maintenance) is something the tenant should handle considering that for these properties the tenants likely have additional resources to handle small maintenance issues.
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10 December 2024 | 17 replies
The day after I set precedence, I gave my info to others who had "illegal" ADUs and a basic "road map" to get themselves legal.
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1 December 2024 | 8 replies
Basically, they are abbreviated inspections that focus on the more expensive liabilities that investors are looking for instead of under-caulked windows and damage to drywall.
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2 December 2024 | 6 replies
We're roughly 1/2 done with fundraising and still have many prospects in our pipeline we need to drive.
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3 December 2024 | 8 replies
You need to not necessarily follow a book to a T, but just basic principles.
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3 December 2024 | 2 replies
Regarding your co-host, it’s common for property managers to answer basic questions as part of the vetting process, especially if they want to work with you long-term.
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3 December 2024 | 8 replies
—half the battle is the mindset, and you’ve got that nailed.Start with the basics: understand your market, run the numbers, and don’t be afraid to ask questions.