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27 December 2024 | 6 replies
Main benefits to this strategy include:- Low down payment options (as low as 3-5%)- Acquisition experience- Property management experienceThe NYC metro area has nearly 2,000 available 2-4 unit listings on the market.Other new investors consider the BRRRR Strategy.All the best to you on your journey!
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1 January 2025 | 32 replies
I am admittedly a newb in the process of getting all of this set up for my first rental (so correct me if I'm wrong) as well but I have some IL-specific perspective to offer: From what I have read, as of 1 Jan 2024 in IL, landlords cannot exclusively accept EFT payment of rents (includes Venmo, Zelle, etc.) for leases starting on or after that date.
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26 December 2024 | 7 replies
Here's an article with FAQs including the cost of a study.
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26 December 2024 | 6 replies
Its pros include streamlined property tracking, access to owner data, automated direct mail campaigns, and team collaboration features.
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2 January 2025 | 32 replies
@Brandon SturgillDealCheck has a complete built-in glossary with explanation of every term/metric, including the exact calculation formulas used.
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26 December 2024 | 4 replies
Is it not part of the included calculator anymore?
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31 December 2024 | 97 replies
such as by including affirmative coverage for forced removal in the loan policy.
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26 December 2024 | 3 replies
Affordable Housing Incentives -While SB 9 encourages new development, it also includes provisions to protect existing tenants and preserve affordability.
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2 January 2025 | 11 replies
Luckily, I did not include this unit in my underwriting when purchasing, so the survival of this property is not contingent on this situation.Continuing to optimize for management of the building when I move out, like moving everyone to online rent payments or adding remote accessible security cameras.Exploring opportunities to expand my portfolio—I've begun my hunt for my next 3 to 4-unit building to house hack, ideally in Lake View, North Center, or Ravenswood.This year taught me that real estate investing isn’t easy, but it’s undoubtedly worth it.
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3 January 2025 | 42 replies
They want to put 75% leverage including interest only 3-4 year term loans on their acquisitions. $600M total potential acquisitions.