Kyle J.
Has anyone bought a house with these type of walls?
4 November 2012 | 9 replies
Some of the houses I've been looking at in a particular neighborhood have cinder block-type walls.
Brad McGuirk
Tenant Issues when I put Property up for Sale.
6 November 2012 | 7 replies
I am not all that concerned that she leaves because the place is very easy to rent, it's the nicest house on the block.
Bienes Raices
Ponding on shower windowsill
6 November 2012 | 10 replies
I've done this and it works.I also replace shower windows with glass blocks.
Jeffrey Ochieng
The end of analysis paralysis.
3 January 2013 | 6 replies
Total cost is $182,000.The ARV $200,000-$210,000.Potential profit is $18,000-$28,000.My biggest stumbling block is i need to come up with $52,000 the remaining balance.Any suggestions welcome.Thanks.
Alexander S.
23 Year old Mobile home and Apartment Investor from Chicago
4 January 2013 | 7 replies
There are threads on theFastlaneForum.com with specifics of all of my deals, but here is a quick highlight of the current state of my apartment deal (I will be starting another thread because I have a question on how others might address the basement renovation financing situation with the property): Purchase: $210,000 (REO); 2-units rehabbed and updated by the bank, garden unit not yet finished but the framing is completeDown 3.5%: $5,000 Earnest, $900 at closing (seller covered $7,500 in closing costs, also used to buy the FHA rate down to 3.25%)Capex: ~$8,000 (Updated door hardware, amp service from 100 to 200, coin-op laundry machines, etc)Location: 1 block from Brown Line in Chicago (great) on the North SideComps: Property across the street, similar layout sold for $300,000 in March (had slightly nicer finishes, unfinished garden unit)Rent Roll: Unit 2 - $1,300 with parking (3 bed, 1 bath...currently under market since rented November 1st) Unit 1 - $1,100 (live in 2 bed, rent one room at $550 and currently use one parking space worth $150/mo, renting out beginning next month) Garden - $950 (2 bed, proforma for rehab; will cost $15,000-20,000 to rehab) Laundry - $30/moNOI @ 45% (brand new water heaters, furnaces, appliances, etc): $17,030PF Basement Reno NOI @ 45%: $23,430As-Is Cap: 7.8% (yuck!)
Eric Kluth
Are you now a corp when you form an LLC and elect to be taxed as a s-corp?
4 January 2013 | 4 replies
The reason I am asking is because when you need to sign legal documents on the signature block, what do you designate yourself as?
Aaron Mazzrillo
Converting Apartment Bldg from Oil Heat to Nat. Gas
4 May 2014 | 21 replies
Nearest gas main was over one block away; gas company said the cost to run the line would be between $100 and $125 per foot of line.
Norm M.
What should I offer?
9 January 2013 | 2 replies
Im financing, but i should have clarified.. its still in a residential area, there is just closer to the major commercial area (1.5 blocks away) so the street gets alot of through traffic... it empties onto a huge road that is very commercial and has strip malls everywhere... not seedy - mostly mom & pops with a couple of big markets here and there, with huge parking lots out front.
Gary Houck
insulation in old home
12 January 2013 | 7 replies
Our house is a balloon framed home so our game plan is to use styrofoam blocks in all the cavities to separate the crawl space from the floor space.
Craig S.
Check over my first deal numbers...
18 January 2013 | 11 replies
It needs new carpeting and some minor foundation repair, and does probably need some block fixed in the basement foundation.