Nick McCandless
Turnkey Real Estate Investments
17 December 2024 | 22 replies
Everything should be done in hosue, including owning the property, renovations, and management!
Craig Sparling
Chicago vs the world: Forgone opportunities?
13 December 2024 | 18 replies
For me, real estate was a means to an end...so that I could spend all my professional time doing what I love: helping people and renovating properties.
Rance Smith
Crazy Chicago real estate Journey
12 December 2024 | 19 replies
In February of 2022 we purchased a newly renovated 3 unit building in the South Austin neighborhood of Chicago.
Account Closed
House hacking in 2024
5 December 2024 | 11 replies
Hi There - We have had several clients make the numbers work here in Chicago typically with either FHA 203k and home style renovation loans.I continue to remind everyone that a single or walk right now will be a double, triple, or even a home run down the road.
Himateja Madala
STR evaluation in Kissimmee(Reunion)
9 December 2024 | 21 replies
You also have to consider the down time of not renting while you renovate and likely having to fly in several times to check on work, meed contractors, pick up supplies.
Kwok Wong
How to submit a respectful lowball offer?
7 December 2024 | 9 replies
This will usually lead you directly to low barrier stagnant markets where the cash flow represented in your spreadsheet does not transfer to reality and the most of the equity is "paper equity" because you will never see it materialize yet many look at completing the BRRRR as the ultimate success.I recognize I am using some assumptions but let's assume you have $100k to invest and purchase and renovate a home in MARKET A for $400K but once renovated the home is worth $500K.
Mario Morales
Cash on cash return-
6 December 2024 | 4 replies
I have a three unit building, but one unit needs to be remodeled the other two have been renting out for the past few years.If I spend X on renovating this apartment to get it ready for rental will the cash on cash return apply ?
Sushil Iyer
Estimating expenses post-purchase
4 December 2024 | 4 replies
For expenses like utilities, property tax, and insurance, I estimate a 3% yearly increase.However, keep in mind that if you do renovations in the first year, it’s likely you won’t need the full 5% repair allocation for the first or even second year.
Deborah Wodell
How Are You Covering Down Payments & Closing Costs for Your Fix & Flip Deals?
10 December 2024 | 8 replies
Hard money loans are popular for covering both purchase and renovation costs, though they come with higher interest rates.
Radhika S.
Newbie & long distance
13 December 2024 | 35 replies
No worrying about renovations or repairs, so you can start making money quickly.