You can buy a run down building in a nice part of Chicago and remodel it and come out great but your looking at a whole different price point.

N/A, condo was newly remodeled.

The math for us was a no-brainer.I would not do a cashout refi for anything other than building cashflowing assets...ie. no personal home remodels, cars, boats, trailers, second homes, etc.  

I'm newer to BP and have read through several threads and I have pieced some information together here and there.Can someone recommend a general contractor to perform a complete remodel of a 1959 built ranch. 3 br / 3 bth with 2400 sqft on a full finished basement.

The LLC would use that note in conjunction with other financing to purchase, remodel, and sell a property.If that scenario is a prohibited transaction, are there services that would permit me to issue a note to another investor, and allow another SDIRA custodian to issue my LLC a note on an unrelated property?

My wife and I are interested in completely remodeling one of our beach duplexes that we use for short term rentals.

Ideally, we'd like to find a house with elderly owners who want to move but haven't made updates so we can add instant value (like an additional bathroom & kitchen remodel).

@Moises R Cosme is correct that if this is the case, You as the homeowner can pull the new permit yourself; however, if you needed to pursue a Full Permit Process in cases for projects including new construction, additions, or larger remodels, the City of Chicago requires the permit to be obtained thru a Licensed Architect, Licensed Structural Engineer, or a Permit Expediter.Since I am assuming this was an Easy Permit for the plumbing, you also don't need any plans to be submitted.

-Gutted and remodeled the kitchen-Full new interior paint-New light fixtures and ceiling fans-Refinished hardwood floors-New carpet upstairsWhat was the outcome?

I’m about to start a remodel I’m Merrillville, In on a condo then wanna pull out the cash and buy a multi family after this can’t afford in my area was looking all over Indiana, Michigan and Wisconsin how is the market out there?