Emmanuel Rugamba
First time home Owner
18 December 2024 | 9 replies
Median Prices for single families homes in the Chicagoland region went up about 7.4% as of November 2024.
Gaetano Citera
New construction: Pre Fab or Stick Built
19 December 2024 | 3 replies
I have a friend out of PA that sets homes in the tri-state region and I can recommend some manufacturers up your way but need to know more particulars of what you're looking for, as in basic ranch, one story/two story, etc...
Craig Sparling
Who's got metrics for me? GRMs, CAPRates, YOY Growth, Median Income vs median rent
23 December 2024 | 5 replies
Real estate's "gross rent multiplier" is Wall Street's "sales to revenue", "cap rate" is roughly "P/E ratio".When evaluating markets and investments I tend to start with GRM (or lazily the 1% rule), then attempt to return a cap rate based on assumptions about costs, then I work my way to multiple years of projections (assumptions about inflation, amortization, tax benefits, etc), and if I am partnering with one of my smart friends I have to pull up an IRR (internal rate of return).I also look at regional employment levels, median income to rent ratio in the zip code etc.
Robert Jackson
Spec Build - How to finance?
18 December 2024 | 6 replies
Looking for guidance on options. new builds aren't hard to finance and I would argue they are preferred to existing fix and flip loans, especially if you have experience. banks look at your experience, your builder's experience, loan structure, permits, etc you need to get an experienced builder familiar with advanced underwriting and negotiations with local, regional, and national lenders. in columbus we do ground up construction for clients at a 20% discount so they can BRRRR out of the new build with equity and we have pages and pages of data on what we build and why and it's all supported by market statistics.
Edward James smith
Still fairly new to investing
19 December 2024 | 5 replies
Look into Spokane's REIA chapter for networking opportunities and consider attending real estate conferences in the region.
Andrew W.
Texas Series LLC - Bank Account Recommendation?
19 December 2024 | 14 replies
Go work with community banks, regional banks, and local credit unions.
Jonathan Vinas
Can STRs Work w/ Restrictions In North Nj / NY Self Managed Lake House or Cabins?
24 December 2024 | 25 replies
I'm also interested in purchasing an STR in the Catskills region so I thought I'd jump in!
Sean Leahy
mid term rental
16 December 2024 | 4 replies
Are there specific national or regional agencies that coordinate temporary housing for disaster victims?
Varinder Saini
AI for advanced real estate use case: Analyzing disclosure packets
10 December 2024 | 3 replies
Pro:- it’s trained to look for safety risks, expensive repairs- within minutes analyzes entire disclosure packet of hundreds of pages- works as another set of eyes that looks for things you should be watching out for, likewise of a companion - great to quickly learn of property conditions from the actual documents while on the go (given that you still follow your own due diligence process)- beta is freeCons:- still in beta- can’t share report directly unless copy and paste- only core documents (home inspection, pest, roof, tds, hazard, solar) are supported but not regional specific disclosures like hoa- estimates it provides aren’t accurate- not mobile friendly
Caleb Johnson
Comping Homes in Detroit
18 December 2024 | 4 replies
Hey Caleb,The short answer is yes—MLS systems are regional, so photo availability and listing practices can vary quite a bit.