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24 January 2025 | 2 replies
Based on some of the previous similar threads, it seems that having a good cross-border team is a crucial step in this game.
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7 February 2025 | 11 replies
Loan Terms – DSCR loans often have higher interest rates than conventional loans but offer flexibility, especially for investors with multiple properties. 3.
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24 January 2025 | 3 replies
Sellers had multiple "accepted" offers and all were placed in interpleader accounts.
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3 February 2025 | 8 replies
I've done and been a part of many Chicago zoning changes...they take a very long time and a lot of upfront money...unless you are planning to add multiple units and do a full renovation, the ROI is probably not there.
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30 January 2025 | 2 replies
We have already talked with multiple HVAC contractors and splitting to two zones is just not an option because of steam heat.
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19 February 2025 | 17 replies
Yes, having tenants pay ACH via a Tenant Portal software is best, but not all will cooperate and some will play games that result in NSF charges.We allow tenants to deposit cash/check/money order directly at our bank into our account.Many Class C & D tenants have challenges adapting to unfamiliar ways to pay and is often not worth the hassle (and possible evictions) to get them to change:(
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30 January 2025 | 3 replies
The SST doesn't apply for legal 2-flats so if you want to use FHA it's probably better to target those that maybe also have a non-conforming basement or attic unit.This is why the 5% down conventional loan is a game changer for house hackers.
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19 February 2025 | 23 replies
All these strategies work, but the less money you have, the more you need to know the game and surround yourself with good people. $25K can absolutely get you started—it’s all about finding the right approach for your situation.
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29 January 2025 | 107 replies
To live multiple states away and run a string of successful C-class long-distance BRRRRs anywhere in the Rust Belt is practically impossible.
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2 February 2025 | 6 replies
That will be a future option we look into with multiple properties and tenants but we can handle this one for now.