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9 March 2024 | 7 replies
Once they take off property management, they tend to find it's much easier, they are occupied for a longer period of time AND they save 8-12%.
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9 March 2024 | 10 replies
While I have not encountered this, and know there are very odd requirements placed on property owners looking to develop land, this feels a little off given there are other property owners on the road and life-safety access tends to be the top most requirement in all roadways.
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12 March 2024 | 75 replies
Rogers Park, Albany Park, Avondale, Irving Park, West Town, Portage Park, Pilsen, Mckinley Park/bridgeport.We find cashflow by bringing rents to market (typically a 25%+ bump vs what they are being sold rented at) so you need know what looking for when scanning the deals and 4 units are what tends to work best.
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12 March 2024 | 250 replies
Peter suspects (and I would tend to agree) that the title insurer involved in "resolving" the title issue was likely being asked to insure the next transfer... so the work was not done as part of a claims handling process but rather underwriting the next deal.
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8 March 2024 | 5 replies
New investors tend to fail in factoring in all costs, including repairs, maintenance, vacancies, and property management fees.
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9 March 2024 | 26 replies
Contractors tend to be cheaper, but day labor is hard to find.
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9 March 2024 | 26 replies
When you sell your house in the future, homes with garage converted ADUs tend to attract more investors, who are not likely overbid on a property compared to those looking for their primary residences.
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8 March 2024 | 8 replies
They tend to look for the things they would fix and if they're not a roofing contractor, it might've been overlooked (although this really is a head scratcher to me because it's pretty standard.)
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7 March 2024 | 29 replies
Additionally, they typically demand the highest rent with little or no deferred maintenance issues.Class BThese properties are one step down from Class A and are generally older, tend to have lower income tenants, and may or may not be professionally managed.
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8 March 2024 | 8 replies
@Geoff StuhrI am a real estate agent and investor in Dallas, TX.Happy to connect and share my knowledge and experience.Join local real estate investment clubs.Get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!