All Forum Posts by: Andre Taylor

Looking for a tax company that does Cost Segregation Reports.

I would be very surprise if they dramatic cut the section 8 program. I feel like there are a hand full of politicians that benefit from those programs as real estate investors. I also look at the fact the government do not want to get into the housing game so they have to provide some incentive to provide susidize housing. I can see they want to make rules where people don't abuse the system which I am all in favor for. All in all I think the Administration will try to push this through but I think it will be meant with a lot of resistance.

I personally think just because of the fast appreciation; being one of the biggest perks! 

 Thank you @Jonathan Klemm ! Wow that’s great to hear! It was in my 6 unit on the south side in the Brainerd area. One unit was on fire and the other took in water damage.

I had a fire in my rental property and looking for a good public adjuster in Chicago area If anybody has ever been through a fire on their property any suggestions or things to know will help. thanks!

Looking for an Architecture in Chicago to do some drawings for a planning permit.

I agree with alot of the other investors... first I would see if there are ways to increase your NOI...also looking ahead if you see the area has a history of appreciation then maybe its a long term play but using the FHA loan is great if rates are low and values are low but in this climate you gone have to put 20-25% down to get that cash flow you are looking for.

Yeah you could sell to cut your losses but question how big of a loss would you have to take? If I was a potential buyer the price has to be right with these high rates to make sense so if you sale for a high price that doesn't work for a buyer then they could be low balling you alot. Maybe hang on until rates go down some so that it has a chance to cash flow for the right borrow or you refinance to help with cash flow. How is the appreciation in the area? do you see the value going up long term?

The investors above laid out some great info. At this point you can bill them in hopes they will pay for the damage thats over their security deposit but one thing I do in my rental is quarterly inspections. That helps me see how the tenants are keeping things up to part and keeps them on edge to know I am a involved landlord.

I own commercial apt buildings like 6 units. My next purchase I am looking for a 20-30 unit so thats my focus for the next few months. I am a buy and hold long term so if I find a deal that can cash flow in this environment then thats a plus for me.