Fed Finjap
Reflecting on my first year house hacking a 3-flat in Chicago
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.
Chris Scarazzini
New BP Member
26 December 2024 | 15 replies
BiggerPockets is an awesome online community for anyone interested in real estate investing.
Shaun Palmer
North Carolina - Security Deposit Trust Accounts
22 December 2024 | 14 replies
If you want to put the deposit in a out of state/online bank, then you will have to furnish a bond.
David Cherkowsky
Loan Option Advice for House Hack in Alexandria VA
5 January 2025 | 17 replies
It was tricky because the basement ceiling height is not quite 7'.From what I have read online, Fairfax limits STRs to 120 days per year, so it would not be feasible.
Steve Englehart
Cashing out IRA to buy rental properties.
3 January 2025 | 45 replies
Definitely join your local chapter of REIA (real estate investors association) or join one of the ones that are fully online (Columbus and Cincinnati).
Tyler Kesling
Funding Your First Deal
7 January 2025 | 16 replies
I really believe that we live in a time where all the information you need to do just about anything is available for free online.
Joseph Kirk
Advice on entering the fix & flip industry
5 January 2025 | 17 replies
Look for distressed properties through online platforms or local agents.
Jonathan Cubeta
Tenant screening
27 December 2024 | 12 replies
You should be able to search (if your county has online records) for your tenant’s name and/or all previous addresses listed on the tenant’s credit report.
Alexander Dombeck
Advice On Commercial Real Estate Purchase - 1st Time Owner
19 December 2024 | 3 replies
Hey Bigger Pockets community, I'm just starting out in Step 1 (get educated) on what I want to become a successful career in real estate investment.I also currently run an e-commerce business that is currently completely online, but would benefit from having a brick & mortar storefront, and I had an idea that maybe using the investment capital I'm looking to allocate into real estate into a commercial property my business can operate out of until I decide to sell the property in or rent it out to another business.I am obviously very naive when it comes to the complexity of any good real estate deal (especially commercial VS residential), but I'm hoping to spend as much time learning from everyone here who is on their journey as well.My main concern with the idea of buying commercial to operate my business out of it that I might struggle to rent it out afterwards and that there may likely be depreciation in the commercial real estate market over the next 5 years.I understand there is a lot of nuance depending on the local market but I'm guessing commercial is even less of a "safe" bet than finding a solid residential deal to leverage in some way.
Kevin Luttrell
Property management company recommendations in OC
19 December 2024 | 2 replies
TrueDoor appears to have a great reputation online, I'll be giving them a call.