Recent content by WorthyRiver

Should Haruto’s agent contact the appraiser to explain the renovation, or is that likely to create trouble now that the report has been delivered?

That helps. The $53,190 is still a planning figure rather than a contractor’s fixed scope, so the vague electrical wording is clearly a weakness. I can also separate paint and some flooring from the essential phase. Would you ask bidders to price investigation work first, then revise the...

I’m considering a $320,000 detached home in Chicago, 2,480 sq ft, and testing a preliminary renovation budget of $53,190. The scope is kitchen, bathrooms, flooring, paint, electrical checks and moderate energy upgrades, with no extension planned. Cosmetic work can wait; electrical or water...

If the rent or running costs are wrong, this could turn from an 8.5% headline yield into a poor return very quickly. The property is a 1-bed detached home in Chicago priced at $560,000, with projected rent of $3,980 per month. I have allowed for management, routine upkeep, vacant periods...

I’m considering a $435,000 Chicago condo at a 5.71% mortgage rate. I can afford the monthly cost today, but I’m wondering whether waiting for cheaper financing would simply mean competing with more buyers before inventory improves. What stress tests would you use rather than trying to predict...