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25 March 2024 | 13 replies
The attorney took care of the legal side to get it off of the demo docket while we worked w/ the GC to obtain the permits required for the renovation & then executed the renovation project.While taking a trip to the City of Chicago building department may be educational, I think the best use of your time is coordinating w/ your attorney & your GC.
23 March 2024 | 2 replies
-Tips from veterans who have done similar things-Suggestions on VA loan providers to go through- How to find a good deal in my area- Basic real estate language-How to find and keep tenants -Fixing up property to increase valueIf anyone has suggestions outside of these topics, I'm all ears!
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25 March 2024 | 11 replies
A large percentage of investors are managing them improperly, typically marketing and operating them like short-term rentals without realizing they are long-term rentals and long-term rental laws apply.I'm just trying to keep people from getting themselves into a pickle, but the masses don't seem to care.
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25 March 2024 | 7 replies
I bought it because I love this city for cashflow and buy & hold investing, even at that price the deal and numbers still made sense, so I didnt care about getting it at a discount.
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25 March 2024 | 10 replies
Even the financing side is pretty straightforward math.Knowing what to look for in your initial tour, knowing how to ballpark renovation costs, knowing if contractors are taking advantage of you in bids are all components that can make or break a deal.Other tips, as noted: get the highest paying job you can out of school and save as much as possible.
25 March 2024 | 4 replies
I'd be careful about refinancing, as it costs thousands of dollars in closing costs (lender fees, title fees, recording fees, etc.).
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24 March 2024 | 13 replies
Any tips would be greatly appreciated.Thanks!
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25 March 2024 | 13 replies
Thank you for this great tip, I will look into it more and connect with them.
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25 March 2024 | 6 replies
Be careful, that 100 hour test includes language along the lines of "100 hours AND more then anyone else".
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24 March 2024 | 2 replies
One tip that I use is to reduce the useful life by 25% vs what’s noted online.