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25 June 2019 | 2 replies
Hey BP,Contingent on a Chicago area property that’s in need of pretty major lead remediation before the city will allow tenants to occupy a couple of the units.City health inspectors have been through the structure twice and have issued an exhaustive list of items that must be fixed, including suggested methods for remediation.Closing is contingent on these items being handled by a licensed remediation/restoration firm, or at the very least having the work quoted in order to obtain a credit from the seller.So, can anyone recommend a well reviewed/reputable, licensed lead remediation firm in the Chicago area?
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11 July 2019 | 106 replies
I would definitely not put apartment investing over her health.
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25 June 2019 | 2 replies
My buy in was a some cash ($100,000) and my expertise in exchange for 1/3 interest.... and a 1/3 of the monthly cashflow.The challenge , the way they ran the business, it was almost impossible to understand the health of the business.I still was not sure what the month CF on the existing properties was!!!
27 June 2019 | 0 replies
I was set on a 3/4 unit MFH in Long Beach or Los Angeles, so felt like a painful blow when I read the update.
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27 June 2019 | 2 replies
See: 30 day noticeLegality aside, if I'm annoyed with the tenant, the sooner he moves out the better, instead of nit picky and being a pain and demand "where's my notice".
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28 June 2019 | 3 replies
I know that unruly tenants like this can be a pain but I don't think you have much legal recourse here, but best to talk to a local real estate attorney!
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1 July 2019 | 53 replies
@Angelique A.Two things are painfully obvious after reading your post:1.
27 June 2019 | 1 reply
I don't plan on having much in the way of expenses either, I wont have a car payment and I'm planning on a monthly budget of roughly: 400 on gas and insurance, 200 health insurance, 500 on food, 100 phone, 500 for entertainment and any unexpected expenses.
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21 August 2019 | 10 replies
https://www.housingwire.com/articles/49421-bill-eliminating-va-loan-cap-signed-into-lawThe Department of Veterans Affairs can now back loans that exceed the conforming loan limit, as a bill eliminating this cap was signed into law by President Donald Trump on Tuesday night.The Blue Water Navy Vietnam Veterans Act allows homebuyers to borrow above the 2019 limit of $484,350 for most counties without any down payment.[...]The move comes after a decades-long fight for veterans to receive health care benefits for diseases related to Agent Orange exposure, according to military.com, which said the bill will “fast-track disability compensation” for as many as 90,000 affected former service members.In an earlier draft of the bill, the cost of these benefits were to be financed by raising VA loan fees 0.35% to 0.5% for non-disabled veterans, according to military.com.But trade groups like the National Association of Realtors lobbied against such an increase, and lawmakers opted to raise the loan cap as a way to raise funds to support benefits instead.Huge for the San Francisco Bay Area, Oakland, DC, LA, San Diego, and other high cost areas of the country.
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19 July 2019 | 88 replies
Add to that they're going to have to go to negative interest rates and all of that still won't keep us from the pain that is coming and I wouldn't keep a penny in dollars if it isn't required.