First of all, I want to mention how great this site is.

I currently live in NW Chicago suburb and have a full time job, and I am not handy at all. I

Hello all! I

Thanks all, I also wonder how much is the bond should a general Contractor carry?

But this was nonetheless a forced sale situation, and so the properties were heavily discounted.

I don't see seasoned investors buying these types of properties for the most part.So then in my mind these newer investors are buying properties that have minimal returns because they do not have the experience to properly analyze a purchase price.If you are buying TURN KEY you are paying for it.If you want some easy don't expect to get rich off of it.These new investors in my opinion would be better off handing the money over to a seasoned investor who will purchase properly and give them the returns wanted WITHOUT the headache of land lording or overpaying.Again I have never used a turn key company.I just know based on many accounts of others buying through them that many times it does not work in their favor.I have yet to see an independant third party that bought post everywhere that they are cash flowing great and would use turn key again.Instead it's nightmare after nightmare.If I have to deal with a properties nightmares I will do the work and reap ALL the forced equity I wring out of it.Not overpay for lipstick and then be fixing problem after problem.Before you buy in that area go to the eviction court and see how many cases are processing a month?

HELLO ALL!!! I

I've read some post on here on how to charm appraisers, and all I can say is the advice I got on here worked TEN FOLD.

All I pay is taxes and insurance.

Hello all, I am working on my first deal, and not sure if this is one I should jump into.House was built in 1930 in a very urban part of town.