Rehab Project - Preconstruction - Overview
Friday, March 08
Over the next couple weeks we will be blogging about a current rehab project that we have ongoing. It is a coach house on a property where we are house hacking. The property has 3 units on a oversize (30'x125') lot in Chicago its set up as a Duplex with a coach house in the back. The Coach house ...
Rent Control Debate in Chicago
Wednesday, March 06
Rent Control sounds good but it is actually very bad for Chicago. Simply put rent control is legislature that would strip landlords of their property rights by dictating how much they can increase rent from year to year and how they can control lease turn over. This is done by locking in the rent...
Why being an honest person is important
Friday, February 22
While walking my dog this morning we came across debit cards, State ID, and other various cards. I didn't need to call CSI to figure out the person whose face was on the State ID was the victim of a theft. After finding the stash my wife and I had to make a decision.1) Ignore it and keep walking2...
Market Analysis Step 1 Distressed/ Retail Avg Home Sale Price
Tuesday, February 19
Step 1 for analyzing a potential area to fix and flip is to look at the ratio between Distressed over Retail Avg home sales price. Average Sales Price of Distressed / Average Sales Price of Retail = RatioI recently tried to find this data on the MLS but ran into some road blocks. Heres how to set...