Mike Kalob
Hiring Subcontractors Directly... Liability Insurance?
Hi All,I'm about to do a bathroom and kitchen gut job and wanted to hire out subcontractors since I have some time on my hands to call them directly.. since there is no special quirk about my project I don't believ...
Darius Hoffman
Chicago Rear Addition (RS3 Zoning)
Hello - I am seeking some input on building a fairly simple rear addition on a prospective SFH and long-term hold. I want to ensure I'm not overlooking anything prior to making an offer. Most likely it would be an e...
Chevonne Woodard
Second time is a Charm, finding profit add solutions
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $495,000
Cash invested: $19,000
2nd house hack, 2-Flat with an In-law unit created $300 a month rental rate ...
Laxman Molugu
Expanding Strip mall
Hello RE gurus,
I have a small strip mall with 3 stores with 4000 sft on 2.5 Acre land with 25 parking spots, I am planning to add more stores (4 more stores with 6000 sqft ), I had discussed with the town mayor and ...
Ross Carlson
Fix and Flip Insurance Policy
All,My partner and I are purchasing a home in Illinois to Fix and flip. The plan is not to live there during this time and to do the follow renovations (update bathrooms, redo kitchen, fix roof/replace roof, paint, de...
James Palin
forms that need to be exchanged between a investor and contractor
Good Evening from Dallas, TXI was building of list of documents that I need to have my contractor sign. This is my first rehab so this is what I am coming up so far.W-9Scope of workWarranty of the work that is comple...
Brian Coffey
Just bought prime 4-unit in Chicago....
Hey Folks,
I'm under contract to buy a 4 unit building, 3 prime residential with ground floor commercial. The residential are large (2000+ sq ft) but only three bedroom. I'm considering adding a bedroom to each in th...
Christopher Perez
50% of Loan Requests get Turned Down Due to Improper Packaging
Preparing Loan Requests That Get Funded Lenders are driven by many factors; one of them is self-preservation. Simply put, no lender wants to make a deal that goes “upside down” Therefore, a would-be borrower, wants to...
John McKee
The local government wants to by my land/easement
I have a property in which the local town needs 1,300 square feet of land to widen the road. In concept I'm okay with it, but the project doesn't provide any real value to my property either. In addition to this per...
Mitchell Maginnis
Am I able to use a HELOC? What other financing is available?
I am finishing up a new construction STR build. I bought raw land in an LLC with a partner to do this. Although I think our personal names had to be on the loan in order to qualify.
My question is....when i finish co...