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6 June 2024 | 4 replies
The insurance check is based on replacing asphalt shingles.
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7 June 2024 | 4 replies
Thanks in advance for any recommendations or advice, what is shown on your approved site plan and electrical plan?
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7 June 2024 | 1 reply
I have a 3 flat in Lincoln Park, Chicago, IL that I am planning to list for sale in the next 3-6 months.Currently owner occupied in 1 unit (Duplex up, 3 bed 3 bath).The other 2 units (2 bed 1 bath each) are rented.I am wondering if it is more attractive to buyers to leave the 3 bed 3 bath unit vacant when I move out, or should I place a tenant in there and then list for sale?
6 June 2024 | 2 replies
I only consider licensed contractors but have found that most reasonably-priced contractors are not bonded or insured.
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6 June 2024 | 4 replies
I'm currently under contract with another property and this company has already had me pay for appraisal and is trying to get me to order insurance, but I still haven't received an initial disclosure or anything like it confirming the interest rate and everything.
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6 June 2024 | 3 replies
The townhome has appreciated in value to about $350k (per Zillow and RedFin) over the few years I’ve owned it, so estimating $150k in equity, about 45:55 self to bank equity ownership.The townhome now has a leak that has lingered and gotten worse over the few months waiting for an insurance claim decision, ultimately being denied coverage so now I’m stuck with having to cover the entire expense.I’m also considering selling the property once it is fixed so I can take the funds from this 1 single family property in Houston to apply towards funding a possible multi-family property in Austin, TX.The quotes to fix are around $15k-$20k, which I’m not excited to just pay out of pocket, nor do I think I really can at this point in time.
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10 June 2024 | 28 replies
For the newbie investors, buy something that cash flows and plan to hold it for as long as possible.
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6 June 2024 | 7 replies
The neighbor's insurance will cover the cost to fix the damage.
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6 June 2024 | 16 replies
Acquisitions team, renovation crews (fully licensed and insured), Property Management, and a Real Estate Investment Brokerage in case you ever decide to sell.By teaming up with a solid firm you can mitigate your risk and have some "boots on the ground" that have your best interest in mind.
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8 June 2024 | 21 replies
The principal, interest, taxes, and insurance (PITI) might be approximately $850.