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Hello everyone! I just had an offer accepted on a duplex that will be my first investment property and plan on house-hacking for at least a year! The side that is vacant currently will be the side I live in and it was...
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Long time forum creeper and first time poster! I'm under contract to purchase a triplex in chicago's western suburbs (Forest Park). This property has an "illegal" 4th unit that once fixed up can rent for $700 - $900 p...
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Hi, so I'm starting to do research on moving into smaller apartment buildings when this one caught my eye. I have a few SFH rentals, but no multi families. It's a 28 unit row house building. Built in 1889. The exterio...
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It feels like forever ago now, but back sometime in mid-2018, I put an offer in on my first short sale. A little over 5 months later, that offer was accepted and closed, making it our 6th flip and 3rd for the year. Wh...
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Hi everyone!I'm interested in buying an Airbnb investment property looking for some advice on how to navigate through the new Airbnb laws in Chicago.If I were to buy an investment only 2 flat it seems like I we'll ha...
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Hi everyone,
My business partner and I are currently prospecting a deal which will involve the gut renovation of a 9,000 sf building in upstate NY. It was formerly used for offices but has been vacant for a number of...
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In Chicago it's common for multi-family buildings to have a coach house behind the main building, which 120 years ago was legitimately for storing your horses and carriage, but now has been converted to an additional ...
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I found a property that was purchased back in 2015 for around $13,000 a unit. It has been sitting ever since, has material sitting outside and I looked up the current owner who closed his LLC and the tax bill still is...
Hi all, has anyone developed an additional floor on an existing one-story MF or SFH? It would be extremely helpful to hear the process and costs associated with similar projects. Thank you!
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Hi All-I have a condo that was my primary residence for a number of years, but I started renting it out last May (and I live elsewhere). Is it now eligible for a 1031 exchange? Does it need to rented for a certain per...