Alex Houser
Foolish to buy office building?
18 January 2025 | 8 replies
That said, here are the actuals:Unit count: 13 offices (sizes range from 165sqft to 2,800 sqft - it's a local mom & pop type commercial building in an A-/ B+ town that's growing) Gross Rent: $20,801Expense Ratio: 50.7%NOI: $9,736 (year 1, after vacancy) ---Cash Flow: $2,536 / moCap Rate: 6.5%
Sebastian Nadal
Screening for a roommate for the first time
7 January 2025 | 6 replies
I did find them on Craigslist though.My mom has one property in Romeoville that she rents out.
Jonathan Chan
Learning How to Raise Capital
5 January 2025 | 2 replies
That brought me to about a year ago, when my Mom wanted to retire.
Andres Ortiz
Referral for "boots on the ground"?
14 January 2025 | 17 replies
To be honest, I have been really happy with the person who has been helping me, but there's an issue with capacity because she is a full-time employee somewhere else and I believe a single mom.
Mark Gomez
Rent vs Sell a paid off home
24 January 2025 | 9 replies
He is thinking about adding a 2bed/2bath to the backyard or next to the house.My mom is 60 and my dad is 59.
Robert Quiroz
Why are a lot of MFH being sold with rents under market
13 January 2025 | 30 replies
They were selling on pro forma, but the market and the debt market have shifted, and it's aa lot harder to achieve higher pricing with lower rents.We've purchased over 2,000 units, and the simple answer to the question is that they are either mom and pops and run their businesses with ZERO KPIs, they do not want to risk losing tenants if they raise rents, and they don't treat their asset as a business.When you take over, it can be difficult to get rents to market if they are very suppressed.
Ivan Cortez
Evicting During Winter Months
1 January 2025 | 6 replies
From my perspective this is the end of mom and pop rentals.
Mary Jay
Cash flow is a myth? Property does not cash flow till its paid off?
23 January 2025 | 31 replies
My mom does the accounts payable and receivables, I have another family member show the units, we have a full time maintenance guy.
Jonathan Chan
How Are You Using your SDIRA?
28 December 2024 | 6 replies
Quote from @Jonathan Chan: I used my Mom's to help her retire by becoming a lender on real estate projects, but curious to see how others are leveraging their SDIRA.
Sebastian Nadal
Looking to House Hack in Chicago for the first time
8 January 2025 | 6 replies
I probably plan to go back home with my mom so I can save faster.