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28 January 2025 | 1 reply
Although I know most sec 8 landlords use it because of the perception of guaranteed rents.As a small home builder I really dont know how they are going to lower the cost of new construction housing unless the govmit subsidizes it somehow.. basically the price of home components are very sticky they only go up. with the xception of lumber that will go up and down through out the year..
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4 February 2025 | 6 replies
You can also gain valuable experience virtually and offer low or no cost "co-hosting" services.
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29 January 2025 | 40 replies
Not the intention, just being very direct here: I am not going to show those numbers for 2 reasons.1) if I did ( and I would blow you away if I did), it would only cause people to misunderstand what I am trying to teach and 2) I don't have to show you or anyone anything.
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30 January 2025 | 0 replies
Streamlining Renovations for Efficiency & Cost ControlManaging multiple renovation projects at once demands an operational efficiency that can be tough to achieve.
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30 January 2025 | 3 replies
Evaluate Property ConditionOlder Chicago buildings often have charm—but may come with hidden costs.
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28 January 2025 | 3 replies
Over the last 10-12 years, the city’s been on a steady climb, and for good reason.
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12 February 2025 | 8 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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29 January 2025 | 5 replies
Personally, I wouldn't offer SubTo or a Wrap, For reasons I've written about fairly extensively. https://www.biggerpockets.com/forums/70/topics/1227199-the-m...However, I would sell on "Lease Option" and that may work for you.
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14 February 2025 | 6 replies
Since you're using an FHA 203k loan and house hacking, focus on managing renovations efficiently to avoid delays and unexpected costs.
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7 February 2025 | 7 replies
The reason the answer is framed this way is because when you take a HELOC out to make repairs on your personal residence, you are allowed to tax the interest deduction on your Schedule A of your 1040 income tax return.