Henry Lazerow
Chicago anti gentrification ordinance has passed
7 November 2024 | 15 replies
So please take a few minutes to complete the opposition form and share it with anyone you think will be affected by itKey details of this ordinance include:Demolition surcharge quadrupled as part of a “pilot program”The fee for demolition within the pilot zone will increase from $15,000 to $60,000 for a detached house, townhouse or two flat.For a coach house or multiunit residential building, the fee will increase from $5,000 to $20,000 per dwelling unit for the demolition.
Cody Friedrich
House Hack Calculations
8 November 2024 | 9 replies
Another example is converting the garage into an Accessory Dwelling Unit.
April Birdsong
Roots in Sewer Line on Sewer Inspection
9 November 2024 | 3 replies
It has 2 separate dwellings.
David Hori
Is Pace Morby a Scam?
2 December 2024 | 106 replies
Basically basement dwelling incels with their "command center" of recycled computers and monitors fixated on pornhub and what scammer they are supporting.
Steven Greenwalt
Gator Lending? Why? 🐊
20 November 2024 | 31 replies
He is open in his training about risks and teaching realities of real estate. he is not fluff in his comments nor critical feedback. he breaks the training down for newer investors so it makes sense and constantly is sharing what is required to help protect yourself 3) the community he has built =instant lead generation for people to work together to get deals closed!.
Brian Quo
How bad is it to start off not cash flowing on 1st rental that is new construction?
20 November 2024 | 37 replies
While it certainly would be better to also cash flow, the objectives of many new builds are to create instant equity upon completion.
Katie M Parfitt
Gutted Single Family Home
6 November 2024 | 0 replies
I have my dwelling contractors liscense & company, so I can pull permits for work that needs to be done.
Joe Barty-King
What are the best ways to find cash buyers/investors?
13 November 2024 | 13 replies
Then, you can find cash buyers by accessing a list of properties sold without a mortgage lien.iBuyersiBuyers, also called instant buyers, are companies that buy homes using real estate technology and third-party title companies. iBuyers are often real estate tech companies and purchase a high volume of homes each year to resell.
Lior Golan
Advice for a foreign national flipper who wants to start in new construction
4 November 2024 | 1 reply
And would be an area that people would more like to buy because of the proximity to the city.But I stumbled on some obstacles:* Lenders are not lending upon the dwelling if the dwelling is planned to be demolished.* In Some jurisdictions takes even 3 months to just get a demolish permit (even though permit expediter can be used)* Because of these 2 above reasons, I would have to come with high money upfront as I would need to buy the property in cash.
Sara Robin
How can I get a mortgage loan without a current income?
6 November 2024 | 9 replies
The fastest way back is getting a full time job or acquire rental properties/units/apt's since rental income can be used instantly (75% of gross - PITIA monthly payment = net rental Income asap/instantly).All other forms of full doc income receipt of the income to utilize it on a loan application like alimony (needs 3-6 months of receipt + 36 months of continuation).