Richmond certainly would have some potential in pulling trades from, but coming from Lexington, you might face an added trip charge on top of the service provided.Over the past few years, rents have increased nationwide.

Rehab: Adding Value Through RenovationsThe rehabilitation phase is critical.

Adding a washer/dryer to a $500,000 two-flat in Rogers Park could allow you to raise rents by $150/month, significantly boosting your ROI.8.

On buy-and holds we usually replace all the plumbing with pex, no matter what, because galvanized has a life expectation of about 60 years, so I usually take the sooner than later approach.Stick with hard money, like Mach1 or or MKE hard money (Scott Lurie) as they will not leand on a deal that does not pencil out, so you have the added benefit of someone experienced looking over your numbers.

Low and behold, now they want us to put down another $40,000; the seller wants another $5,000 added to EM and seller's agent wants their commission of $4,000.Do the math: 190,000 + 15,000 + 25,000 + 4,000 + 4,000 (our agent) + 40,000 = $278,000 for a fixer upper.

We moved plumbing, adding electrical, and added new appliances in the kitchen. 

(Google UBIT or read Tom Wheelwright's book Tax-Free Wealth)Investing actively in real estate through an SDIRA voilates the self-dealing rule for IRAs.  

You can also check their reviews online at Google, Facebook, or Yelp.

The first year after our divorce she still spent $100k on cloths and added another $60k on cosmetic surgery.  

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