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All Forum Posts by: Tim Matthews

Tim Matthews has started 18 posts and replied 48 times.

Just curious, why switch from Marquette Bank? I just joined this bank recently. 

Originally posted by @John Clark:

"How much would it cost to separate the two floors to have their own gas and electric?"

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Do you really, really, think that there would be a flat fee for such things, given the infinite variety of conditions a plumber or electrician could encounter?

Of course not, I was requesting an estimate since you stated it was "reasonably inexpensive."



6. Separating gas and electric for 1st and 2nd floors should be reasonably inexpensive. I wouldn't bother with water separation, since people expect that to be included in the rent. Do make sure your water account is metered, not estimated, though.

How much would it cost to separate the two floors to have their own gas and electric?

Post: Referrals for contractors

Tim MatthewsPosted
  • Posts 49
  • Votes 27

Hello, in addition to my other post, can anyone refer me to a contractor who does rehab on the north and northwest sides of Chicago? 

Hello,

I am looking to purchase a multi-unit property in the Chicago area and would like to take out an FHA loan. Does anyone have any recommendations for lenders who have done FHA loans? I might also need to do an FHA 203k loan as well.

Post: Chicago Wholesale Deals

Tim MatthewsPosted
  • Posts 49
  • Votes 27

I have not paid for those sites, so I can't speak to how useful they are. If you ever use those sites, let us know! 

Post: Hard Money Loan process

Tim MatthewsPosted
  • Posts 49
  • Votes 27

Hello, I am preparing to purchase my first property to BRRRR. I will be using a hard money loan to purchase and rehab the property. What is the process of acquiring a hard money loan? Do I need to already have a property under contract before I approach a hard money lender? Should I get prequalified from a lender to see how much I can be approved for, then go shopping for properties using that preapproval amount?

Hello, all. I am officially preparing to purchase a Single Family Home to BRRRR in the Chicago area. I plan to use a hard money loan to purchase and rehab the property. Based on what experienced investors are saying, the real estate market is hot right now and the MLS might not be the best place to find good deals on SFH. What is the best online site to find properties to BRRRR, even for off-market deals. Are people still using Propstream to find off-market deals or are their other online sites or apps that are best for this strategy?

How exactly does one use credit cards to purpose real estate?

@Joseph Firmin yes, sorry, I meant I am the buyer. Okay, thank you for your answer! That helps a lot.