William Joseph
Insurance and flipping
Here is the background:I have a separate entity for my flips. It is a domestic Connecticut LLC and does nothing but hold the flip properties. There is an operating account to pay contractors and purchase materials and...
Tom Kelly
Home conditions changing after contract before closing
My son recently went to contract after a home inspection. Yesterday he went to inspect the repairs and they were not completed or were done by an unlicensed professional. Apparently the home is now vacant with the exc...
Quota Thornton
Analyzing A Property
Hello! I know that during analysis to get the NOI you take the rental income and subtract the operating expenses. Then to get your monthly cash flow you take the NOI and subtract the mortgage. Aren’t taxes and insuran...
Kevin Smoter
Chicago Multi Units - northside (first time buyer FHA)
Hello, I currently already have an agent that I am working closely with, so I am not really in the market for one. I have a question about a buildings age in Chicago. Should I be concerned about buying a solid brick b...
Seth Gendron
SFH, should I do the deal?
SFh in my area has been on the market for a little over a year. I have been inside it a coupke times. With winter here it has unveiled this foreclosed property has issues...It has minor foundation issues(minor leaking...
Xavier Randall
Rehabbing Cost & Contracting
hello-I'm considering my first 4 unit fixer. When considering who should do what on the project. Should I have a general contractor do everything from A-Z or have them only do interior/exterior work and have specialis...
David Hajdu
Rookie real estate agent: how can I negotiate repairs/seller credit during escrow?
Hi Everyone, I’ve got my first buyer and I need advice on how to negotiate repairs or seller credits with the seller. We offered list price for a property after a large price reduction. It is sold “as is”, and we are...
Rene Bee
hiring a plumber question
Hello,I am hiring a plumber and want to know what kind of documents I should ask for. Should I ask to see a copy of his license and insurance? The project is a gut rehab. Is there a standard plumber's contract I sh...
Jeremiah Dunakin
What am I able to repair without trades
So I am half way handy. I can do a lot of basic plumbing and electrical things.My question what things am I allowed to do? Can I change out flickering light switches? Run new plumbing lines to faucet/ tub. The rental ...
Curt Bixel
Purchasing a property with unpermitted work.
I am considering adding some properties to my rental portfolio. From time to time, I run across a property for sale with significant recent unpermitted work. I am curious about other's thoughts on this. I do like t...