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.

Here is a statistic to bear in mind: 95% of wholesalers fail.

I am a realtor in Chicago and have many clients with the same question.

Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.

Quote from @Jaclyn Spinelli: Hi all….i currently have a four plexus in Chicago and have had it for a few years.

@Jason Porto we own mostly multiunit in the Chicago suburbs in the Berwyn area, and as I have scaled up I set aside $2,000-$2,500 per unit for reserves.

So, for instance the court can decide that the note holder of the matured note will receive a new note in exchange for his interest - with the new note amortized over 20 years and bearing a 6% interest rate.  

Quote from @Chinelo Ononye: Hello, I am Chinelo Ononye born and raised in Atlanta, my home is Chicago but planning my move to Dallas. 

Investors bear responsibility for doing their due diligence on any investment they make - or being willing to suffer the consequences IF the sponsor/syndicator did the following and possessed the following 1.

I'm under LOI to acquire my first LIHTC property (107 units in semi-rural south Chicago suburb) and am moving fast and furious to get up to speed on all things LIHTC.