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4 November 2012 | 9 replies
Some of the houses I've been looking at in a particular neighborhood have cinder block-type walls.
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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.
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6 November 2012 | 10 replies
I've done this and it works.I also replace shower windows with glass blocks.
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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.
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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!)
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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?
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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.
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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.
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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.
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.