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9 February 2025 | 173 replies
It reduces the risk for the investor if they stay local.
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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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6 February 2025 | 12 replies
When this occurs, area incomes fall and cities reduce spending on police and schools.
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3 February 2025 | 10 replies
@Parker BullardFrom my experience, house hacking is a great way to reduce housing costs by renting out part of a property, like a duplex or triplex.
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29 January 2025 | 10 replies
But I’d also buy the $200 5 year warranty.My last/only stackable I bought last year was LG, the combined towers to try to reduce noise, increase ease of use, and presents higher end look.
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28 January 2025 | 2 replies
You'll likely also reduce your cost of living by moving to a stabilized apartment.Depending on the cashflow and debt paydown, you can use this strategy until you've built enough equity to reinvest.On the other hand, getting into a multi-family after refinancing will also help you build substantial equity to rinse and repeat in the coming years.
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19 February 2025 | 32 replies
If you’re considering Section 8, some cities (like Detroit) have high demand, which can reduce vacancy risk.3.
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28 January 2025 | 71 replies
@Les Jean-Pierre Had Section 8 tenants and got a bunch of energy upgrades through a state program.
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18 February 2025 | 15 replies
During that time, you will have no vacancies and little maintenance costs, and the resident will provide the $$$ to reduce your principal.
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2 January 2025 | 4 replies
So if the homeowner saves energy or goes on a long vacation, they still get charged 100%.