All Forum Posts by: Shawn Gardner

Hello everyone! 

So my wife and I are looking at condo's that we can rent and we came across an owner who happens to own 3 of the 6 units in a building that we're interested in. My wife and I have the down payment for one and we would like to purchase 2 units. We're thinking of asking a friend for a loan for the down payment on the second but we're unsure of how to provide collateral so they'll feel more comfortable loaning us the money. Is there an instrument that we could use where the property is not used as collateral but we're still obligated to repay the funds in a specific amount of time with interest? Any help is greatly appreciated! 

@Adah N. There's a tenant in the property and she kept it very well maintained. We were adding a bathroom to the basement which is more than we expected and updating the kitchen and bath. The expected ARV is 235k

 Thanks 

Thanks that’s what I was thinking 

Hey guys! Definitely need some brainstorming help with this deal. My partner and I locked up a property from a wholesaler and upon the initial walk through we anticipated a 60k reno. Now we're looking at the reno being closer to 75k and now the numbers are just way off. We got it under contract for 110k and the current value is 150k as is and it's rent ready.I'm curious to know if we should just walk away and forfeit the EMD or maybe try to find another end buyer. Any input is greatly appreciated. Thanks

Hi guy! I hope all is well with everyone. My wife and are in the process of purchasing our first rental and we're starting to feel a little nervous about dealing with tenants. Any recommendations on companies that do great tenant screenings ? TIA and happy investing!

Hey guys! I was thinking of adding a basement bath including toilet, shower and sink. Any idea on the ballpark figure on how much this cost? 

Hey guys, I'm a new Realtor in the Chicago area looking to network with other Realtors in the area to grow my network 

Has anyone thought about buying parking spots in the city to rent out? If so what’s your thoughts. Thanks