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7 February 2025 | 8 replies
Hello, I am a 21 year old embarking on my journey into real estate, specifically focusing on multi-family properties.
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9 February 2025 | 173 replies
You've made a lot of general statements about Roofstock without specifics.
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27 January 2025 | 2 replies
I do have a third goal, but too much will happen by the time my second goal materializes that my third goal will likely change drastically.Also, I tend to find myself wanting to ask market-specific questions to agents/lenders/investors/contractors/etc. a lot.
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31 January 2025 | 44 replies
It would be hard to cash flow on a 600k house that has 3600 in rent regardless of the broader economic situation going on in society. i find that when someone says BRRR doesn't work anymore they end up meaning it doesn't work well for the specific types of real estate that they want to buy.
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29 January 2025 | 5 replies
It essentially includes having a buyer for a specific property BEFORE entering in a contract with a seller.
3 January 2025 | 8 replies
2) How well did you ask them specifically HOW they would perform specific tasks?
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29 January 2025 | 9 replies
If you go RBTR, here are a few key criteria I've seen to assure comfort of living and lower vacancy / turnover:- at least 400sqft per tenant and no more than 2 tenants to 1 full bath -excess parking where folks aren't blocking each other in and you're not getting complaints from your neighbors about overtaking the street parking.
28 January 2025 | 7 replies
If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking 5.
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21 January 2025 | 4 replies
Are you exploring a conventional loan or a loan specifically designed for rentals?
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31 January 2025 | 11 replies
Hey @Mike Nelson, never assume anything about STR rules and regs.Here is the STR rules for Oak Park - https://codelibrary.amlegal.com/codes/oakparkil/latest/oakpa...I would call the city and make sure it is legal for a specific property.Now regarding the famous person angle, sure it can add value to the property or as a STR, but for STR use, I would think you would need it to be in original condition with a lot of the furniture and knick-knacks that were owned by the famous person along with a bunch of photos etc featuring the famous person.If you buy a place that has been totally redone but was owned by someone famous but has no features or things that were theirs, then I don't see it being a draw.