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18 July 2024 | 7 replies
I have one currently and it is very successful.
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16 July 2024 | 14 replies
We're considering selling the property due to challenges of long-distance management.We're still interested on investing out of state and plan to gradually scale our investments over the next few years, focusing on areas close to Illinois, like Wisconsin or Indiana.Any suggestions on how to approach selling our multifamily property and buying in Wisconsin or Indiana in the current market would be greatly appreciated.
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19 July 2024 | 6 replies
One had the owner still living in the property with 5 cats, and 10 litter boxes that had never been changed in years.
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18 July 2024 | 2 replies
What is worst is when they run out of time on their current hard money loan and are paying penalties/very high rates for going past the maturity date.
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18 July 2024 | 2 replies
Is anyone working in this space currently?
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18 July 2024 | 17 replies
I would look outside of current development areas but not too far, and look for blocks that feel good to walk down.
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15 July 2024 | 11 replies
I am currently located in Lafayette, Indiana.
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16 July 2024 | 3 replies
Getting into the story behind this one..This deal was sourced from a large corporate wholesaler (no names) Originally listed as 179,999 as a "wholetail" deal with an "ARV" of 250,000 I walked the house and estimated it needed little in terms of repairs, though I knew a realistic ARV was between 215-230 However, there were tenants in the house without a lease agreement with the current landlord.
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18 July 2024 | 0 replies
Click here to know what is going on and what is going to be required.The list of inspections is pretty exhaustive and covers a lot of things within the building and sanitary codes.The city believes that it has a problem with many older buildings being in disrepair and not maintained by the owners.The owners/landlords have issues with the city because they believe the city is overstepping its authority and does not have the right to inspect the buildings.In the middle, we have the tenants who should have clean and safe apartments to live in.
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16 July 2024 | 26 replies
They are currently paying $1050 and the current market rent is $2000.