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16 January 2025 | 3 replies
Are you looking to acquire more properties to your portfolio?
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26 January 2025 | 54 replies
Finally, as an aspiring/budding lender, I don't have as much access to mentors, but then again it's easier than rehabbing/flipping and probably easier than buying and holding and managing multifamily.
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26 January 2025 | 5 replies
What type of properties are you looking to acquire, SF, 2-4 MF, or 5+ MF?
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3 February 2025 | 8 replies
most of the above have a general known sqftage, known market area, known look, known parking and access, etc etc.
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10 February 2025 | 9 replies
I work with a lot of househackers and they're typically on the 12 month cycle, rinse and repeat.While the proposition of acquiring an investment property outside of your market in a "landlord friendly" state may sound appealing, i would recommend you stay local for now and househack another couple of properties over the next few years until you've got some more time / experience under your belt.you would need a management company to cover your property that is outside of your market which would not only take 8-10% of your gross it would also leave you a bit vulnerable to a property management company that you A.)know nothing about and B.)you won't have the experience or cashflow or proximity to deal with any headaches that may arise.i would recommend staying local and househacking your way along for now and then maybe hire a local property management company initially to work with your current/local properties to get a taste of what to expect if and when you begin investing outside of your market.
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5 January 2025 | 5 replies
My goal for next year is scale and acquire at least 5 more properties (preferably multifamily).
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12 February 2025 | 20 replies
These guys are having fun because there are a lot of scammers and gurus out there selling LLC creation services and Wyoming Trusts and Cook Islands Trusts and if you believe all that b.s. you will end up needing to cash out refinance soon in order to access that equity in order to pay for all their services plus an accountant to keep track of the mess.
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30 January 2025 | 3 replies
Areas like Logan Square, Lincoln Park, and Pilsen attract renters due to their trendy amenities and access to public transit.
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22 January 2025 | 0 replies
The site is accessible via West Morehead Street, South Clarkson Street, South Cedar Street, and Summit Avenue.
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26 January 2025 | 6 replies
To me at my current knowledge level, this deal only works if taking over the loan - to limit the out of pocket money to acquire the property since the outside reno and new septic would take up the bulk of rehab costs.