Stanley Goodspeed
@stan_gspeed
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Chemical weapons specialist and Beatles maniac.
Chicago, IL
Joined August 2020
This one is taking too long but inspection and appraisal are next week. Hoping to get out soon and onto the next one.
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Saw this hit the judicial auction but lender wanted too much. Lender took title and put it on market. I got it 2 years later for 30k less. Was pretty much done but still needed a decent amount of work. Cost Basis: 185k Appraised Value: 275k Rent: $2685 Debt: 70% LTV at 6.82% 30
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@Thefrugalgay11 I thought you’d like this bathroom spruce up. Had an unusual space between vanity and sidewall so moved the vanity to opposite wall, extended a butcher block the entire length (leftover from kitchen counters), added a shelf below and put in some acoustic wall
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Never posted numbers on this one. Had to leave some money in the deal as I think I over paid a bit. Also, I was not planning on replacing the entire plumbing system but my plumber was slow and gave me a price I couldn’t refuse. All in cost: 190k Appraised Value: 250k Rent:
Just finished. Seeing an insane amount of demand this spring leasing season in Chicago. This one leases up immediately.
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Another near full BRRRR on the books with financing provided by @_cgroomes_ Total cost: $215k Appraised Value: $310k Rent: $2700/month Loan: 70% LTV at 6.85% 30 yrs fixed
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ATTENTION: The busy body fools in the IL General Assembly tried to ban move-in fees (which only became a thing in reaction to government overreach and onerous security deposit regulations). This bill did not advance (good job, everyone!) but they have revised it and brought
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CALL TO ACTION ILLINOIS HOUSING PROVIDERS! Stop HB3564 From Banning Move-In Fees, et. al. – Neighborhood Building Owner's Alliance https://t.co/lxnoiVhuWy
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Just finished. Seeing an insane amount of demand this spring leasing season in Chicago. This one leases up immediately.
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Right now I think there is a massive buying opportunity for Tesla. I have not looked at any financial metrics at all, am basing my opinion on 3 facts and 1 assumption: Facts -Tesla is Elon’s biggest asset -Tesla is down 45% from ATH -Elon is effectively running the country
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We have reached my favorite part of our typical rental home Reno.
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Had a closing today; wired money, lender wired money, signed all docs….seller never signed deed so couldn’t fund. Never have I even heard of this happening.
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God bless Menards, they only store in America where you can get roofing shingles and pork chops.
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Who’s gonna tell him how an amortization schedule works…?
Anytime you think renting is wasting money just remember: I’ll be paying $92 per day or $2,760 per month in interest payments on my mortgage.
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My favorite part of these rehabs; when the epoxy floors in the basement get done.
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If Biden really wants to crack down on junk fees he should start with title companies.
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