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27 May 2020 | 6 replies
Hi All,I just recently graduated college with a degree in Chemical Engineering and relocated from Minnesota to Nebraska where I'll be beginning my job as a Project Engineer.
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3 August 2020 | 3 replies
I think Chemical Bank can delay finance as well.
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20 September 2020 | 6 replies
They don't hold paint well over time because the internal moisture (the chemicals used in their treatment) wants to push out and will cause the paint to fail very quickly.Oil-based paint may not comply with regulations, considering how close you are to the water.
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2 September 2020 | 5 replies
3/2 duplex on each side, fully renovated, no AC currentlyPurchase price = $138K, appraised at $145KTenants in place and performing, 900 and 950 = $1850/moTaxes ~$1400/yr, Insurance $800/yearI use 10% maintenance, 9% for PM, 5% for Capex, 8% vacancy assumption30yr loan, 75LTV at 3.75% through chemical (TCF) bankClosing costs all in just under $40kKPI: Monthly cashflow of $631, ~$316 per side (greater than my min of 200 per door)COC of 19% yr1, 22% at yr5 (greater than my min of 10%)Total return on equity yr1 >40% from equity capture, 24-27% annually through year 5 (ignoring any appreciation)This one required 2 months to close but the delays were mostly from the bank and coordinating appraisal site visits in the current environment.
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28 August 2020 | 0 replies
Purchase price: $138,000 Cash invested: $38,000 Contributors: Joel Wilmoth, Nicole Hoss, Jeff Schechter 3/2 duplex on each side, fully renovated, no AC currentlyPurchase price = $138K, appraised at $145KTenants in place and performing, 900 and 950 = $1850/moTaxes ~$1400/yr, Insurance $800/yearI use 10% maintenance, 9% for PM, 5% for Capex, 8% vacancy assumption30yr loan, 75LTV at 3.75% through chemical (TCF) bankClosing costs all in just under $40kKPI: Monthly cashflow of $631, ~$316 per side (greater than my min of 200 per door)COC of 19% yr1, 22% at yr5 (greater than my min of 10%)Total return on equity yr1 >40% from equity capture, 24-27% annually through year 5 (ignoring any appreciation)This one required 2 months to close but the delays were mostly from the bank and coordinating appraisal site visits in the current environment.
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28 August 2020 | 0 replies
Purchase price: $138,000 Cash invested: $38,000 Contributors: Joel Wilmoth, Nicole Hoss, Jeff Schechter 3/2 duplex on each side, fully renovated, Purchase price = $138K, appraised at $145KTenants in place and performing, 900 and 950 = $1850/moTaxes ~$1400/yr, Insurance $800/yearI use 10% maintenance, 9% for PM, 5% for Capex, 8% vacancy assumption30yr loan, 75LTV at 3.75% through chemical bankClosing costs all in just under $40kKPI: Monthly cashflow of $631, ~$316 per sideCOC of 19% yr1, 22% at yr5 Total return on equity yr1 >40% from equity capture, 24-27% annually through year 5 What made you interested in investing in this type of deal?
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24 August 2020 | 0 replies
One is a large automobile manufacturer and the other a chemical and fertilizer manufacturer.
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13 January 2021 | 12 replies
There are different levels of service, chemicals, filter cleaning, etc. but you want them to check and keep an eye on your equipment.
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16 September 2020 | 2 replies
Work shift work at a chemical refinery making ~$120k/year.
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18 September 2020 | 10 replies
I just graduated from Cornell University with a degree in Chemical Engineering, and I will be working as an Associate Consultant at Bain & Company while I am here in Chicago.Most recently I am reading Craig Curelop’s The House-Hacking Strategy and I would like to get an owner-occupied FHA loan for a small multi-family home somewhere in the Lakeview area of Chicago.