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17 July 2024 | 8 replies
The other bedroom has two openings that make it a bit awkward as well.Options I am thinking of1) Thick curtains/drapes: easiest to install, provides some privacy.
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19 July 2024 | 53 replies
With that being said, owning your primary is the easiest way to move forward with a refinance, however, it is not a hard stop if an investor doesn’t own their primary.
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18 July 2024 | 17 replies
The city has recently stepped the abatement down so it's basically cut in half but all of these projects got in under the deadline and have the full 10 year abatement.
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18 July 2024 | 0 replies
True, I never built anything more than a treehouse when I was eleven, but technically a treehouse is a house so…All I had to do was work with Honomobo to finalize the design, get architectural drawings, receive HOA approval, get a county building permit, get a driveway permit, clear trees for a build site, find a logging truck to take those trees to a lumber mill, find a mill, find someone to take the lumber from the mill to my house, dry the lumber, take a semester of woodworking to learn how to make furniture, engineer/permit/build a septic system, get a well permitted and drilled, install a well pump, learn what a pitless is, install a water line from the pump to the foundation, install a pressure tank, connect the house plumbing to the septic and pressure tank, get the the power company to permit and install a podium for power on site, run power to the foundation, connect the power to the house, engineer a foundation, excavate, get two different sized steel wet plates fabricated, pour said foundation with wet plates mounted all at the same elevation in twenty-five precise locations, hire a crane, hire rigger, hire a welder, build a retaining wall because the dropoff from house to ground level was higher than expected, insulate the crawl space on my own by watching a YouTube video to learn how to load .22 caliber cartridges into a ramstead gun and shoot two and a half inch nails through insulation board into my foundation, badger a supply company until they finally delivered the right insulation board, get them to take away the wrong insulation board they brought that was broken by the wind and scattered into pieces all over the property, find an illusive 3x3 foot crawlspace door, learn how to use a core drill to make a four and a half inch hole in my foundation to install a code required fan to vent the crawlspace that my engineer thought was a stupid requirement and failed to tell me about, figure out what the hell going on when the Honomobo project manager tells me the measurements you gave him of the now poured foundation are wrong, have a panic attack, review plans with engineer, realized the project manager was mistaken, scream into the void, get the last available short term rental license application that had a thirty-day expiration window to pass all inspections, coordinate all subcontractors needed on install day, check with the sheriff about parking semi-trucks on the road, rent a porta potty, rent a dumpster, have coffee and donuts for everyone, oversee the Honomobo install crew that didn’t need overseeing, pass a blower test, pass state inspection, pass septic inspection, build a wooden curb to cover protruding rebar for an unpoured patio, build a temporary front door landing that could theoretically be be permanent so as to pass final county inspection, get a certificate of occupancy, pass the county short term rental inspection on the very last day before it expired to get the very last available license so that I could rent the house to make money in order to no have immediately have to sell, pour the sidewalk and patio.
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16 July 2024 | 15 replies
The paperwork sort of selling yourself is the VERY EASIEST part.
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19 July 2024 | 6 replies
The result is that Sbux is paying $60 - $70 dollars in rent, but the market rent in the area is only $30 to $40 so an investor who, say, trades out of a small MF property into a Starbucks thinking they're getting a great "hands off" investment could find themselves owning a building that's worth half what it was when they bought it (or less, depending on what the tenant pool is to back fill it).
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17 July 2024 | 18 replies
The easiest way to have a quick turnaround is to find a wholetail deal....a deal that you get off the market and then put back on the MLS to sell at market rate....maybe all you did was clean up and paint.Here in Chicago, all deals are hard to come by right now...what city are you in?
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17 July 2024 | 13 replies
I live in a market where half the occupants don't lock their doors at night.
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17 July 2024 | 3 replies
Half of my net worth is in the equity of my two rentals.