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29 April 2019 | 2 replies
In a good school district, property was flat & well drained so minimal site prep, (a huge positive), but it did need 12 large trees taken down.We sold it word of mouth for a quick $45k net profit.
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13 August 2019 | 5 replies
Don't forget to bake in the cost of utility connections and meters (water, sewer, gas, electric) as well as permits.
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25 April 2019 | 12 replies
For commercial property, the management expense is baked into the overall expenses regardless of who does it.
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26 April 2019 | 7 replies
At a 5% downpayment, the monthly total payment is ~5k and perhaps the rents could be increased a bit but even then, they'd only be around 5k total monthly gross rental income..after any expenses and repairs you're in negative territory. i don't really understand who would buy that property..I guess an owner occupant who doesn't mind having a higher personal monthly payment still, or someone just seriously banking on appreciation and willing to incur negatives during the meantime which seems silly..but i agree with the original poster that lots of multis in these areas (wicker/logan proper/humboldt) are priced like this kedzie one and basically aren't a good deal sadly, since they are the nicer properties (location and often turnkey wise). have to go further north/west to get the deals. im hunting for a 2-4 flat myself and wish it could be in prime palmer square location like the kedzie unit linked, but the numbers just dont work
25 April 2019 | 10 replies
I used about everything that was suggested on the internet: Vinegar, Peroxide, baking soda, bleach, combination of peroxide and baking soda, mouth wash.
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1 May 2019 | 8 replies
If you go flat fee broker, discount broker or full service broker depends on what you want, eother of them can be a good choice.
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17 May 2019 | 11 replies
Sometimes it’s a flat fee like $1,500 to $2,000 for the properties I buy in Macon GA or a percentage between 5-6% which is paid for by the seller at closing
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24 April 2019 | 1 reply
Raw land, municipal water hooked up, electrical pole on site, flat/level, problematic trees felled, some fruit trees, backs to National Forest, salmon/steelhead hole, no structures. 180k, 70k down seller financed for 5 yrs at 6%.
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21 February 2020 | 15 replies
No points, clean flat 15% no matter what not even APR.
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25 April 2019 | 5 replies
I think it'll hold flat, I don't foresee any action in the near future.