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19 January 2025 | 6 replies
You reference taking out a HELOC and those are generally provided when the property is in your personal name, which I don't recommend for investment properties.Overall, it sounds as if you're tired of dealing with "long distance" ownership.
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21 January 2025 | 10 replies
You could start with your agent or a local agent who supports investors and could have contacts to refer to you.Lastly, you could consider negotiating with a local PM to take on a hybrid approach to management.
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23 January 2025 | 5 replies
Keep adding to your notes and refer to them from time to time.
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27 January 2025 | 35 replies
Despite the fact that the market has dropped significantly both in rent and price, I still think the market should be considered high risk/high reward.
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7 February 2025 | 23 replies
Happy to help --What are you referring to when you say you specialize in this specific issue?
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5 February 2025 | 13 replies
Here's the City link for you to reference. https://www.chicago.gov/city/en/depts/doh/provdrs/homeowners...1) ADU regulations specifically exclude Short-Term Rentals so don't do it if the intention is to short-term rental. 2) The ceiling height oh 6'10" is almost guaranteed to trigger digging a basement if you want to formalize as an ADU unit, especially if that height is further reduced by pipes or HVAC. 3)Ingress/egress is an issue for renting, as is that any bedroom also will need two (ie operable window/doorway).
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5 February 2025 | 15 replies
Save related articles to the cloud for reference. 2.
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18 January 2025 | 4 replies
If you're still looking at this property, I noticed the reference to "LIHTC" on your report and that the property is only 9 years old.
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28 January 2025 | 27 replies
Quote from @Stetson Oates: As a suggestion, when you refer to net cashflow, I would include maintenance, vacancy, and repairs.
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20 January 2025 | 17 replies
I'm assuming you're referring to investors that provide all of the funds for your flips?