All Forum Posts by: Weston Harding

Hey @Elise Hazzard sorry you won't be able to make it! We will of course have this event again! 

Pretty much every other month, we host a new event with different topics. Mainly focused on the multifamily market but also some on just purchasing a home in general. We hope you can make one of our next events soon! TBD January 2019

We will also be putting some videos together of some past events with information as well!

Doors open at 6:30 pm, everything you need to know about being a landlord and more!

RSVP by clicking the link here https://www.eventbrite.com/e/landlord-leasing-best...

Don't miss out, RSVP NOW!

Can't wait to see everyone Wednesday night! 

Not only are these events really great to learn on rotating topics, but they are also the perfect way to interact with others who are at different experience levels all under one roof!

The X Plus team will be there along with real estate professionals and investors alike. 

Make sure to RSVP here!! https://www.eventbrite.com/e/how-the-house-works-w...

@Tyler Jones thanks for starting the thread!

Michael is right when say you need to determine your market. This will help you to recognize if your numbers make sense for a project. This will let you know what properties are selling for in the area, what price point you need to purchase within and then a budget to be within. 

It is also good to know about the area's building code requirements, permits etc. To know the cost and hopefully keep yourself away from potential issues :)

I would say right now you do not want to overspend on finishes! The high-end market I feel is softening, personally. 

Hope that helps!  

Hey, @Nick Hathoot thanks for starting the thread! When investing in condos, its all about the HOA :) I have been practicing real estate and investing in Chicago for many years now and in this market, I much prefer the 3-6 unit market v. condos personally but when I analyze condos, here is what I am looking at,

#1. For an investment property, do they allow rentals? are there any restrictions? Are there any changes regarding rentals being discussed in the condo association meetings? (maximum number or percentage of rentals allowed at one time, waitlists etc)

#2. What's included? Many times the water, trash and common insurance will be included. There may be other utilities or amenities included as well, which will increase your monthly pay in. Heat & ac, basic cable or internet packages, parking, storage etc. Even to the building amenities such as door person, dry cleaning, gym, pool etc. 

#3. Are there any special assessments pending or being discussed? How are the current reserves of the building? (to calculate additional future expenses)

#4. Check your comps! (both rentals and sales) A big competitor for that area will be the apartment rental buildings which offer very nice (some new) amenities and other incentives for tenants, that some of these older buildings n the loop have a hard time competing with. 

Welcome, @Kobi Walsh!!

Are you considering living in the property and doing the owner-occupied? This is how I first built my portfolio by house hacking! Living onsite in one of the units and renting out the other units. Some were only a little value-add and work to be done and then as I got more experience I was into the complete gut rehab down to the studs on some. Now starting the next one ground up!

Do you have any smaller multi-unit properties, 2-6 units in Chicago?

For a sneak peek of the event,  check our video out here!

https://www.youtube.com/watch?v=nUCKXpi6yoQ

Join the X Plus Real Estate Team alongside the Household Inspection Team to learn all about the components of a home and how it all works!!

This is the most beneficial class for not only first-time buyers but also seasoned investors and homeowners to understand each aspect of their current or future home!

Jeff, from the household inspection team, will be covering all the different types of exterior siding, roofing, and materials used in home construction. He will also review the different types of heating systems available with an inside look at how each of these components works with interactive demonstrations and more!

Attending this class can better prepare you for the many aspects of home ownership, saving you both time and money!!

Wednesday, September 12th

Doors open 6:30 pm, Seminar begins at 7 pm

Followed by an Open Q&A with Weston Harding, X Plus Team Lead and Managing Broker and Jeff Kaplin, owner and Inspector for the Household Inspection Team!

RSVP with the link below, space is limited!

https://www.eventbrite.com/e/how-the-house-works-w...

https://www.eventbrite.com/e/how-the-house-works-w...