Vivien Martin
New member from the Chicago area!
18 January 2025 | 17 replies
There are many loan programs to help out first time homebuyers so don't feel as if this is too ambitious when there are tools to help you out, like use here on the Forum!
Dan Audino
Intro Post - Chicago Commercial Property Manager
11 January 2025 | 9 replies
With Chicago's new Express Permit Program, it's a bit easier to get permits for work that would have previously required architectural drawings.
Brett Riemensnider
Seeking Advice on HELOC’s
13 January 2025 | 11 replies
Personal loans through the credit card companies can be approved and fund very quickly and my best rate is 7.9% so shop around as some are much higher.
Josue Ramos
Best Markets To Invest
4 January 2025 | 35 replies
I am already have a good lender that has pre-approved me with a DSCR loan so all I need is to find the right market to invest in!
Steve S.
What type of locks do you use for external doors on your rentals?
25 January 2025 | 18 replies
Always ask tenants to check to make sure it is locked.Another disadvantage is that you have to change the batteries regularly.Another disadvantage is you have to spend quite some time programming the locks and tracking the code3.
Jesse Rodriguez
Miami Short Term Rental
7 January 2025 | 0 replies
Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.
Timothy Franklin
STR sub-to/ portfolio
1 January 2025 | 26 replies
I am not a member in any "gurus" programs nor am I foolish enough to believe that the whole picture is provided by these gurus.
Amanda Lindsay
Is Rent Redi too good to be true?
19 January 2025 | 13 replies
Other software also has bank feed integration, automated income tracking, receipt scanner, accountant-approved reporting, etc.Of course, it totally depends on what features you prioritize!
Don Konipol
Why Most Real Estate Investors Can’t Scale Their Investments or Their Business.
4 January 2025 | 14 replies
My friend spent $81,000 on marketing and told me he could not trace one sale to a lead generated by the program and that the program generated almost no leads anyway.
Connor O'Brien
List Price for CHA rental chicago
2 January 2025 | 9 replies
The voucher program typically determines the amount they’ll pay based on their calculations, and you don’t necessarily need to lower your listed price for utility allowances.