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27 June 2024 | 11 replies
If property is occupied they can stay 90 days since you give them 90 days notice, before you can start eviction process ( in DuPage county takes usually 6 to 8 weeks ) You can try pay them to leave but usually doesn't work since they know how long they can stay for free.
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26 June 2024 | 4 replies
ADUs can take over a year to complete and virtually always take over 6 months to complete.
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27 June 2024 | 2 replies
Take inventory of similar projects in close proximity.
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27 June 2024 | 6 replies
I'd like to keep $100k equity for myself and sell the other $500k to equity investor(s) so I can keep the excellent mortgage (fixed at 3.25%) and take advantage of the cash flow and build more equity.
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26 June 2024 | 7 replies
Wholesaling is a competitive business in most markets and takes time and resources.
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27 June 2024 | 3 replies
Get the people who are potentially making the decision to give you more details and specifically what it would take to get it done.
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27 June 2024 | 1 reply
I self financed it until I had to take on some loans due to delays and cost overruns (ever heard of such a thing???).
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27 June 2024 | 0 replies
. +30% vacancy for 24 months, caused by two evictions, one unit on market for 7 months, and the two new properties taking 1 year in renovations instead of 4 month estimate (~$30k of lost income above assumption of 10%)2. $45k from several unexpected large repairs (water leaks, roof collapse, siding rot, plumbing main line, etc.)These issues are also causing me to rethink the assumptions in my model, increasing my vacancy rate from 8% to 12%, repairs from 5% to 20%, and capex from 5% to 20%.
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26 June 2024 | 11 replies
If the rent is at or above market maybe it takes longer.
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27 June 2024 | 4 replies
Let someone else take the chance......