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7 April 2019 | 14 replies
There are certainly lenders which will lend to someone in your situation, but you will probably need to call around for a local or regional bank in your area for one with an appetite for that type of loan.
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21 September 2017 | 15 replies
Now, we have charged for patched holes, removing & patching excessive nail holes in the wall, and re-painting the wall after hole patched & stucco repair was done.
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3 January 2017 | 15 replies
Def helps the budget and keeps the project timeline a lot quicker without excess drywall work.
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6 March 2019 | 8 replies
Going to do one-off LLCs and plan to manage/live in the properties until they are up to snuff.Progress the last 3 weeks:Starting to build a relationship with a contractor who comes from a trusted-friendThey focus on redevs in Chicago - condos and MFsConnected with 2-MF brokers in ChicagoNow have direct access to MLSAlso obtained access to foreclosure, bankruptcy, probate, and mortgage data in Chicago thanks to a friend in the industryConnected with an inspector who has 20+ years of experience in ChicagoConnected with a developer in Pilsen, who we may be partnering with on deals he doesn't have the $$$/risk appetite forAs of now, we are building the team and vetting off-market properties and a number of properties on the Southside.
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2 March 2019 | 35 replies
Wealth building 200 years ago was a slow and treacherous prospect, these days 20 years can net you a million dollars without excessive starting resources and without breaking your back.
3 May 2018 | 17 replies
So far I see that distributions to the beneficiary under a CRT can be paid "for a term of years (not in excess of 20 years) or for the life or lives of such individual or individuals."
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18 February 2019 | 22 replies
Our apartment projects in excess of 10 million dollars have made sense for cost segregation
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7 November 2017 | 20 replies
Cash out is needed only when you as the owner are wanting to get cash back out of the property.I chose to allow that "excess" equity to stay in the property, I could have waited another 3 months to do a cash out refinance and paid myself the $22k but decided to just go forward with the rate & term instead of switching to a cash out.The HML payments get paid monthly, so they can't be rolled into a new loan.
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5 October 2017 | 7 replies
So, you would expect the economy to soften first before you see an impact to real estate, ignoring excessive speculation in the market.Since the economy has yet to break 2% in inflation, the Fed is likely to go slow on balance sheet easing or Fed rate hikes.There are a few things to look at with real estate: new construction starts, property supply and demand, rent demand, and a few others, Right now, the new starts have yet to recover.
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10 June 2019 | 3 replies
A very important one is who owns/controls the power lines and what is their appetite for your project?