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27 January 2025 | 2 replies
I have learned to color code (highlighter) and plan the month/year or week ahead.
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3 February 2025 | 3 replies
My plan was to purchase a lot and build a foundation, bring in a doublewide/manufactured house. have it placed on foundation and have a structural engineer reclassify it as fixed real estate. then, I would refinance.
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7 February 2025 | 40 replies
Summary: 7 loans outstanding: 4 in foreclosure, 1 in default - trying to develop a plan before I begin foreclosing, 1 current, but has needed multiple payoff extensions, 1 current with no issues.
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3 February 2025 | 27 replies
And don’t skip the due diligence—inspect everything and plan for unexpected costs.Take it one step at a time, and you’ll do great.
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8 February 2025 | 22 replies
When the second phase was built, the units have the same floor plan, but they added individual heat pumps and individual hor water heaters in each unit, so that they were on the occupant's electric bill.
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14 February 2025 | 15 replies
Looking forward to networking and hearing more about your investment plans!
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31 January 2025 | 2 replies
.✅ Hands-On Experience – If you plan to grow your real estate portfolio, managing tenants yourself can teach you valuable lessons about leases, maintenance, and local rental laws.✅ More Control – You’ll personally handle tenant screening, rent collection, and property upkeep, ensuring everything is done to your standards.✅ Stronger Tenant Relationships – Being involved directly allows you to build rapport with your tenants, which can lead to better communication and longer leases.Cons of Self-Managing❌ Time-Consuming – Dealing with maintenance requests, late-night emergencies, and tenant disputes can quickly become a second job.❌ Legal Risks – Chicago has strict landlord-tenant laws.
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14 February 2025 | 19 replies
I would ask them what services above and beyond the required broker services they plan to perform.
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18 February 2025 | 21 replies
NOTE: we charge extra for this.4) What about a floor plan, so prospective tenants can get an idea where their furniture may fit?
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28 January 2025 | 4 replies
Any advice would be appreciated.I would first talk to a real estate attorney or a foreclosure attorney to make sure that the way you plan to do things passes muster.