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9 February 2025 | 3 replies
I recommend you include some of your key qualification criteria in the advertisement.
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11 February 2025 | 4 replies
Interest Rates: Current spreads, rate structure, buydowns, mission driven business, factors that influence your rate, etc.5.
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30 January 2025 | 10 replies
While the cost can vary depending on the scope, zoning, and materials, I’ve seen similar projects run anywhere from $50,000 to $150,000, depending on factors like plumbing, electrical upgrades, and structural work.If you’d like, I can connect you with a few contractors or architects in Chicago who specialize in basement conversions.
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24 January 2025 | 42 replies
In order to move back into the home, the homeowner would need to reinstate or payoff the loan, including the costs of the receivership as permitted in the order.
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4 February 2025 | 1 reply
Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000
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11 February 2025 | 2 replies
Owning rental properties, including STRs, does not allow you to fund SEP IRAs.
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24 January 2025 | 3 replies
But there are bunch of factors to consider there.
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7 February 2025 | 11 replies
BP wont let me include contact info so you can PM me for that as well.
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8 February 2025 | 7 replies
RentRedi’s syndication marketing helped us secure a great tenant in under four days, including employment and landlord verification, as well as criminal, credit, banking, and eviction history checks.
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9 February 2025 | 3 replies
We simply include the tax on the invoice sent to guests, which makes it easier to track and ensures we're covered for tax purposes at the end of the year.For Chicago, I’d recommend checking directly with the city’s tax office or a CPA, but generally, you’ll need to register with the city, collect the hotel tax from guests, and remit it on a regular schedule (likely monthly or quarterly).