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21 January 2025 | 14 replies
Unfortunately, Uncle Sam always wants his cut ;)
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18 January 2025 | 17 replies
I would recommend tuning into Straight Up Chicago Investor Podcast and going to local meetups.
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21 January 2025 | 27 replies
OTRCH operates a couple of what I call "wet rehab" centers meaning congregate housing for persons otherwise homeless and there are several other agencies like "First Step House" etc. that might be interested in a presence in this block.Or you could cut your losses and put it back on the market under the "greater fool theory."
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21 January 2025 | 10 replies
This company charges 15% on top of any maintenance requests in addition to their normal fees but all I need to do is approve the estimates - they do all the work/communication with the contractors.Recently my PM sent me a few maintenance requests: a $1400 to fix some plumbing in a bathroom (clogged and leaking - contractor says they need to cut the pipes, reroute and replace some plumbing, recaulk.
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13 January 2025 | 3 replies
It can help keep things straight, and it would look more legitimate to lenders, buyers, investors etc.
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14 February 2025 | 43 replies
Read miracle morning and implement, read Millionaire mindset and implement, create a budget and cut expenses.
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21 January 2025 | 35 replies
Cut to length screw brackets to wall.
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9 January 2025 | 32 replies
On a 2M property you should be able to write off roughly 300-400k, so that would cut your real estate income down for years, but not your W2, because I don't think you would be able to claim RE professional status. 750 hrs and min 50% of your time.
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14 February 2025 | 161 replies
I am glad we did not buy it, because it took them over a year to get through hearings with concerned neighbors to even get a plan approved and they cut them down to 13 lots.
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16 February 2025 | 44 replies
I have the insurance on it I cut the grass I pay the taxes They could have done all that but instead turned into a zombie house.