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.
Gordon Cuffe
Old member introduction
17 December 2024 | 7 replies
I started my domain over 10 years ago when people first started going online trying to buy fixer upper houses.
Kegan Scholl
Best market to house hack in?
28 December 2024 | 24 replies
I live in Minnesota but have a video editing business online so I can go anywhere and there wouldn't be positives or negatives to any.
Steven Rosenfeld
What do you think of syndicate sponsor Goodegg Investments?
11 January 2025 | 50 replies
It is not very difficult or complicated to evaluate commercial real estate, there are plenty of good books available that can teach you how, textbooks, online courses, community college classes, even excellent youtube videos etc, and it is actually quite enjoyable in the process to learn.
Eric Chappell
Has anyone use Rental Hero for bookkeeping?
16 December 2024 | 35 replies
Microsoft Excel, and most budget or free online bookkeeping isn't going to cut it in this situation.For the rental properties you own directly, I often tell clients and prospects that a P&L in Microsoft Excel is just fine and a balance sheet is not necessary for tax purposes.
Roland N.
MTR - How to protect furnished rentals?
11 December 2024 | 4 replies
So don't leave anything in an MTR that is irreplaceable.In addition to security deposits, you can also use the AirCover program for Airbnb bookings and third party services like Waivo and Safely that provide mini insurance per booking.
Jonathan Warner
No finacing contingencies allowed?
13 December 2024 | 12 replies
I'm perusing through some online listings for multifamily in my area.
Cindy Ng
Newbie in real estate
12 December 2024 | 3 replies
It also depends on your goals and how safe/aggressive you want to be, how much you want it to earn, and what meshes best with your lifestyle.
Owen Maiden
Good C Class Neighborhoods to invest in in Cleveland, OH
29 December 2024 | 30 replies
As @Patrick Drury mentioned- the West Side does not have any POS areas (besides Lakewood, but it's only needed for previously non-owner occupied/rental properties) Something else to consider in Cleveland proper is Lead Safe Testing ..
Leah A.
Seller looking for wholesaler
27 December 2024 | 16 replies
You can find them through local real estate investment groups or online platforms.Auction or Estate Sale: If the property has unique characteristics, especially being a large, old Victorian, it might attract specific buyers looking for such properties.