I'm looking at rehabbing a legal 4-unit on the north side of Chicago in a class A neighborhood (Lincoln Square / Ravenswood) and the top floor rear egress is in a bedroom, making the bedroom not a legal bedroom but, r...

I found a Fix-N-Flip 3/1 that is priced at 56k needs about 40k in rehab and the ARV is 165k+. My problem is the layout is so bad that im afraid that it will kill the sale. The lot is a beautiful corner lot, the outsid...

I'm looking at a 2 unit deal in Chicago (2 flat). It also has a basement that I'm told could be made into a 3rd unit. Does anyone in Chicago know the legalities around this? Is it possible to turn this 2 unit into a 3...

We bought a commercial property (4200 ft2 home facility that is a handicapped-accessible 8 BR, 2 bath home, with 2 additional ensuite units that have dedicated bathrooms) that required significant work. As newbies, we...

I am in process of closing on a property where the appraiser asked to order a foundation inspection. The inspector has found issues and suggested repairs.The seller is asking to put down the repair cost as toward addi...

Hello,
This post is time-sensitive as I am already in escrow, so it would help immensely if other experts in the field can provide some guidance.
The property I am in escrow for is being sold by a trustee who is an ...

I live in Ventura California and have a SFH rental in the area that I self manage. Our tenants were burglarized last month and lost $20,000 in jewelry and possessions. The tenant left a window open in the kids room wh...

Hello everyone.I recently bought a house with cash and now I am doing a  refinance cash-out and putting the loan under my personal name (delayed finance).  My plan is to put the house under an LLC.At what steps do you...

A question for those who are connected with a mortgage (working as a broker or with a broker) or have received a mortgage:
How legitimate is the broker's claim (clauses from the mortgage loan commitment):1" This appr...

Hey guys, I purchased a property in November and just found out that the tenants are not paying for electric. A visit to the property showed that the meters have been removed for all but the common areas. It also look...