All Forum Posts by: Adam Rivera
Adam Rivera has started 5 posts and replied 8 times.
Quote from @Jonathan Klemm:
Hey @Jerome Thompson - I wish we could help, but we are quite a bit further west of you in Chicago.
In your opinion, what do you make up a good contractor? Also, can you elaborate on your scope of work and maybe where exactly in Baltimore? Providing some specifics might assist in finding the right general contractor.
I found it SUPER HELPFUL to attend local in-person real estate meetups. That is where I found some of the real movers and shakers...plus my number one tip is to make friends with the host because almost always have a great network.
Hello,
I’m also located in the Chicago area. I’m looking for a GC who can help me rehab single family homes. Are there any Chicago GCs that you’ll recommend? And where do I find real estate meetups?
Post: General contractor GC
- Investor
- Chicago
- Posts 8
- Votes 4
Does anybody know where I could find a potential GC? Is there any good websites or apps? I used the app thumbtack in the past but the list of GCs on that app is very small.
Post: General Contractor & Contractor
- Investor
- Chicago
- Posts 8
- Votes 4
Does anybody have any advice on what to put on a contract when hiring a GC?
How do you discuss an end date or how to fix and flip a property with a GC as a investor?
I have hired a GC in the past and that particular GC took a very long time to finish the project. For my next project I want to make sure it goes smoothly. I’ll take any advice on what to do and don’t do or what to look for when hiring a GC.
Thank you
My First property had squatters so I had to go to court to evict them. But if the people living in the property were previous homeowners the auction will give them a date to move out? Would I still have to do the Eviction process if they don't move out? or could I just contact a sheriff?
what is the fastest way to evict somebody from a foreclosed house? I've been told Cash for keys is a good method but how do you go about doing that? and if there's any other better method out there?
Post: Investment Gains/Income and high yield savings account (HYSA)
- Investor
- Chicago
- Posts 8
- Votes 4
Does anybody know if investment gains from an house flip is stilled taxed if put into a HYSA (high yield savings account)?
Can a HYSA work the same as doing 1032 Exchange?
I have found many good contractors on thumbtack which is a contractor app. But I suggest hiring a General contractor. You might not need a GC but GCs are usually very well connected with other contractors so you can network through them. I suggest using their service as well so they don’t feel used at least for a project. I love using GCs I have maybe 4 under my belt. They’re great people to have on your team.
Post: Foreclosure Title search ( liens & Mortgages )
- Investor
- Chicago
- Posts 8
- Votes 4
I am new to the Real Estate foreclosure world. I have taught myself a bit on how to do TItle search on my own but I am no professional and I am still confused on the Order and Hierarchy of mortgages. If I were to buy a building that is in second mortgage foreclosure. Would I have to worry about the First mortgage (below the Second Mortgage ) or the third mortgage ( Above the Second mortgage )? Also I am a bit confused on. At what point do files matter to me as a buyer is it the date of the mortgage or the date of the foreclosure because I noticed some foreclosures can go on for a long time which gives the property more time to add more liens and such to the record pull?
Can somebody Explain things I have to look out for and the order/Hierarchy. I live in illinois / Chicago The response doesn't have to be related to my state laws I just need over all Info Basic rule of thumb.
Thank you,