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29 November 2024 | 11 replies
One of the most important skills you didn't mention is networking, which you are obviously doing well at too.I'd recommend connecting 1:1 (zoom, coffee. lunch, etc.) with a couple from the BP Chicago community or better yet check out some of the local meetups: https://www.biggerpockets.com/forums/521-real-estate-events-...Make friends with the meetup hosts...they will often know whos who and can help you make the right connections.Regarding your license, I think it's a great idea if you have the time and are going at it with the right intentions.
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6 December 2024 | 12 replies
Since my tax guy is of no use, I reached out to a friend who works for a different tax group/CPA and this new firm was kind enough to look into my predicament.
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4 December 2024 | 25 replies
Baltimore City is tenant friendly and very hostile to investors.
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1 December 2024 | 91 replies
Hmmn.. maybe you should actually advise your pre-Covid operator friends to stop churning out Covid syndicators from their boot camps like it’s a pack of cigarettes.
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5 December 2024 | 17 replies
Always great to make new connections and friends.
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6 December 2024 | 27 replies
Given your experience managing 138 doors, you already have a significant advantage in understanding tenant needs, property maintenance, and financial planning.Key tips:Focus on personal finances: Keep building excellent credit and maintaining healthy reserves.Financing: Explore loan options like conventional, or DSCR loans to maximize your purchasing power.Location: Research neighborhoods with strong Section 8 demand and landlord-friendly regulations.Due diligence: Analyze properties carefully, factoring in rehab costs, property management, and cash flow potential.Your expertise and willingness to learn put you in a strong position—best of luck!
26 November 2024 | 5 replies
If you both are on the title (you/husband + friends' LLC) you'll both have to agree about whatever disposition.
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5 December 2024 | 25 replies
He abandoned it during his demon years so his best friend took it over and added a couple more people before it desolved due to all going off to college.In college he had a side hustle of finding things on free sites, putting them up for sale, selling the free item and offering to transport it for a modest fee.
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28 November 2024 | 4 replies
What are things I should take in to consideration on my first deal.Would love recommendations for investors friendly agents and property managers.Thanks!
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2 December 2024 | 35 replies
I'd try to understand landlord laws in each market - i.e. figure out which markets are more landlord friendly.