where I am, I think most flippers have a trusted general contractor who gets a flat fee, who can do some of the plumbing/electrical by himself and knows he can hire some laborers who get paid by the hour, to do the painting, floors, window treatments
Depends on what you can sell them for. Fixing up in this area costs a lot. General labor "No Hablo Ingles" is $20/hr minimum.
In Englewood, people have fixed up their homes in spite of not getting a return. Example I put about $25K into kitchen and bathrooms about 15 years ago. I get twice that back (or more) if I sell. In Englewood you're lucky to break even on repairs like that, until very recently. Look for yourself prices are all over the place https://www.realtor.com/realestateandhomes-search/Englewood_Chicago_IL and it's just the last couple years where there's money to be made in that market. BTW even the highest prices are very low for Chicago market.
As far as jobs etc it's Chicago so the same jobs accessible by bus from my old neighborhood are a short bus ride away from Englewood. Of course that's not the whole story.
And Englewood was systematically disinvested by redligning, which was made illegal in the 1970s. You know what that is, right? And it was subject to the worse effects of white flight, which is something I've unfortunately witnessed up close. Englewood was deprived of 60 years of growth by these policies and dynamics. There's a lot of catching up to do.
Would need Quick flip being no paid labor.
Be partners or couple team doing labor.
Sounds like little margin in that area anyways.
Definitely would need to be cash buy.
likely no flip, only rental type project.
Still needs to be cash buy.
Ironically the people more likely to have that Cash
are the same ones intentionally killing the area.
Be partners or couple team doing labor.
Sounds like little margin in that area anyways.
Definitely would need to be cash buy.
likely no flip, only rental type project.
Still needs to be cash buy.
Ironically the people more likely to have that Cash
are the same ones intentionally killing the area.
That's not the point. The point is being the largest shareholder, even at 3%, they call the shots. In virtually every company they're established in.
Let that sink in.
The solution is regulating large corporations barreling in and monopolizing. Problem is lobbies buy the politicians who have vested interest in the venture already. Win win for corruption, lose lose for the sheeple.
...ultimately damaging the population - people - for the sake of making money with money. A distant friend does loans for a living, he says there's no shortage of people with money, who'd like to make even more money with the money they already have. More than a bank would pay you for it, anyway.
I have zero understanding of what "MAGA" means, in the recently famous context of which the slogan is used. I'm sure any concept of that in my thinking, cuts straight across the grain of what, er, is actually meant by it. Which I'll guess is the un-regulation of anything that translates into power over someone else.
Entertainment and Housing a big commodity, So they bought it all.
Same thing anyone would do if they had the money
Shareholder power nothing new.
Mega Investment groups were buying everything up 35 years ago.
Average Joe like us just didnt know a thing about it.
Independent media like Youtube filled everyone in on 30 year old news.
Nobody hands over secrets, just sales calls.
How many big boy stock companies and investment groups.
Do you think went down with the Towers. A lot , Every floor full of them.
My Dad got at least 15 to 30 sales calls a week.
After the Towers 1 or 2 a week. Poof
Same thing anyone would do if they had the money
Shareholder power nothing new.
Mega Investment groups were buying everything up 35 years ago.
Average Joe like us just didnt know a thing about it.
Independent media like Youtube filled everyone in on 30 year old news.
Nobody hands over secrets, just sales calls.
How many big boy stock companies and investment groups.
Do you think went down with the Towers. A lot , Every floor full of them.
My Dad got at least 15 to 30 sales calls a week.
After the Towers 1 or 2 a week. Poof
You got it. Low margin, better for generating rental income.
My rant was how the neighborhood got that way in the first place. The banks did it intentionally and they fanned the flames of fear to accomplish it. It was a well proven strategy.
The neighborhood may well come full circle, shaking off its sad legacy. Time will tell.
I thought the problem had something to do with middle class people being clueless about being part of the problem, or something.
I am anti monopoly. Many industries are de facto duopolies and this is not what's best for the people.
Anyway the middle class pays the lion's share of the taxes, determines virtually all elections, and is the only thing standing between the poor and the oligarchs. Like I said earlier, pick your poison.
"...regulating large corporations...",...Now just isn't this that mantra one particular political party espouses over & over....big government, bigger government...more & more regulation is always the ultimate answer isn't?
Businesses small & extremely large have to WASTE immense manpower, time, resources just so a business can...let's say, mow the lawn in front of the building...all of it, there are regulations, permits, "impact studies", inspections via "inspectors", all the federal, state, county, municipality...then the "industrial park", large or small...all of them want their say, their regulation & of course their "cut" of YOUR monies,
Ever try to run a business? The mountains of regulations is truly obscene....gotta have a permit to wipe yr' own *** it seems.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------Rick...
Businesses small & extremely large have to WASTE immense manpower, time, resources just so a business can...let's say, mow the lawn in front of the building...all of it, there are regulations, permits, "impact studies", inspections via "inspectors", all the federal, state, county, municipality...then the "industrial park", large or small...all of them want their say, their regulation & of course their "cut" of YOUR monies,
Ever try to run a business? The mountains of regulations is truly obscene....gotta have a permit to wipe yr' own *** it seems.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------Rick...
Yep
and make it sound good that it is helping and regulating.
When usually to much control quickly leads to corruption and purpose manipulating.
But hey it sounded good.
The idea was it doesn't regulate business cause it always leads to bad things.
And exactly permit permit permit inspection inspection inspection.
Made the joke when ( insert association) was coming to do their yearly " inspection"
You mean ( insert association) is doing their yearly billing cycle.
What amazing thing will they find this year?
Oh yeah they don't do walk throughs anymore, now they are going to " observe" for
a 6 to 8 hr period. AKA The longer were here. The more likely a absolute perfect place
magically has something wrong.
and make it sound good that it is helping and regulating.
When usually to much control quickly leads to corruption and purpose manipulating.
But hey it sounded good.
The idea was it doesn't regulate business cause it always leads to bad things.
And exactly permit permit permit inspection inspection inspection.
Made the joke when ( insert association) was coming to do their yearly " inspection"
You mean ( insert association) is doing their yearly billing cycle.
What amazing thing will they find this year?
Oh yeah they don't do walk throughs anymore, now they are going to " observe" for
a 6 to 8 hr period. AKA The longer were here. The more likely a absolute perfect place
magically has something wrong.