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7 February 2025 | 10 replies
Chicagoland as a market may appreciate at different rates, and property taxes certainly do not help the cause.
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21 January 2025 | 40 replies
Can keep track of different tenants.
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8 February 2025 | 22 replies
But now with the joy and headaches of non-metered units, trying to wrangle 3 different set's of persons into playing nice, etc etc..
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6 February 2025 | 11 replies
Waivo has a different but similar product they sell directly for STR.
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31 January 2025 | 9 replies
A great alternative would be simply licensing or leveraging a different web forum platform that already has a mature mobile app available for and that BiggerPockets could simply redirect mobile users to when they open the site.
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1 February 2025 | 9 replies
Are you doubling down on short-term rentals in tourist-heavy areas, pivoting to long-term rentals in growing suburban markets, diving into value-add multifamily properties, or exploring something completely different?
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3 February 2025 | 32 replies
The numbers may look good on paper, but the reality is very different-lower quality tenants, higher turnover, more problems and less money than you'd expect as a result.
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1 February 2025 | 0 replies
Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.
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18 January 2025 | 10 replies
Quote from @Guadalupe Batana: Learning about different types of loans is always a smart move, especially as an agent.
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27 January 2025 | 35 replies
Investing is different from speculating, in that it’s data driven and therefor predictable and you have factors that play in that covers your downside and strengthen your chance of upside.