
2 August 2022 | 18 replies
[BUT] Since there are so many near you, if you become an expert on these structures, ie. structure X in a B area with 2000-ish (code) wiring and a new sewer main line sold for $XXXXX,structure Y in a B area with 1969-ish (code) wiring and a new sewer main line sold for $YYYYY,Electricians charge A for an up to now Code redo, (is it required if you do a B remodel, etc...)And walk as many as you can that are for sale and keep some decent notes, it will lessen your risk of buying a "Money Pit".Know your insurance rates, and if you get breaks in price for certain newer wired places or not.Good Luck!

3 August 2022 | 8 replies
It sounds like these properties are worth negative $’s (if the lien is $500k and the property is $70k) and she should have refused the inheritance.

8 August 2022 | 11 replies
I inherited tenants, one of the tenants is fighting me tooth and nail every time I try to enter the unit for inspections and with contractors for quotes.

16 August 2022 | 6 replies
Duplexes usually come with at least one set of tenants and you don't want to inherit someones headaches...DM me and I will send you some properties that would work well.

7 August 2022 | 4 replies
Has anyone ever done seller financing with an inherited property within your family?

2 August 2022 | 8 replies
In this particular deal, the tenants were inherited but after running credit they were well below 600, and we're also illegally sub-leasing the unit to a stranger, months behind on rent & also had lizard's no joke just roaming the apartment lol.
3 August 2022 | 15 replies
@Nick Gagel, keeping the terms of the lease as is will lessen the chance of losing your tenant.

16 August 2022 | 13 replies
Inherited tenant ended up moving out and leaving behind a pretty decent amount of junk/ furniture.Any recommendations for junk removal services in Chicago?

2 August 2022 | 0 replies
We inherited quite the permitting issue, so we are coughing up the time and money to make some portions of the place more legitimate, such as the ADU.

2 August 2022 | 2 replies
Lastly, most people will tell you inherited tenants rarely work out well.