
14 November 2024 | 5 replies
I have a contractor husband, too!
15 November 2024 | 4 replies
Here’s the quick-and-dirty lowdown to get you started:1️⃣ Where to Look:LoopNet & Crexi: Good for commercial deals, though the best ones go fast.MLS (Multiple Listing Service): Access through a realtor for hidden gems.Auction Sites: Think Auction.com or HUD homes for distressed properties.Direct Mail Campaigns: Target landlords with older properties (especially those with code violations).2️⃣ Systems for Finding Deals (Step-by-Step):Set Your Criteria: Market, budget, unit count, rehab level.Build a Deal Funnel: Use LoopNet, Crexi, wholesalers, auctions, and brokers.Analyze Quickly: Use a property calculator to see if it cash flows.Direct Outreach: Contact sellers or property managers directly.Get Your Network Tight: Property managers, realtors, contractors—they’ll drop the best leads.3️⃣ What Makes a Good Deal:Cash Flow Positive from Day 1.Below Market Value (usually needs rehab).Upside Potential: Think rent increases, better management, or refinancing options.4️⃣ How to Become the Better/Best:Study the Market Like a Hawk.

13 November 2024 | 6 replies
It is difficult to recapture the electrical savings from the tenants.

12 November 2024 | 2 replies
Optimally, the lawyer or the firm should be familiar with public infrastructure that developers are typically asked to pay for, such as road widening, turning lanes, new roads, sanitary sewer extensions, new water and electric extensions, fire hydrants, etc.

18 November 2024 | 35 replies
People think it's inexpensive to install a Washer & Dryer, but getting the gas, electrical, water, and drain/vent there is usually quite expensive.Here in Chicago, we always want to be at the top of the market regardless of the competition, so we almost always install a W/D when we renovate our properties, even in some of the less desirable neighborhoods.

14 November 2024 | 13 replies
You would also need to be at the project site every day watching the work and managing the contractors.

19 November 2024 | 111 replies
We'll have our agent, myself, our handyman and a trusted contractor we have worked with for many years, my husband and my son whenever possible when we do inspections.

14 November 2024 | 6 replies
Then drywalling and everything else can be done by your contractor.

14 November 2024 | 5 replies
Its all about quality leads, not the tool.This analogy is similar here; a really good contractor can give a better rsult with crapy materials vs a crapy contractor with top materials

18 November 2024 | 47 replies
It is the IRS rules around short term rentals.Loophole - A way of avoiding or escaping a cost or legal burden that would otherwise apply by means of an omission or ambiguity in the wording of a contract or law.