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Jonah Kubath Newbie Post w/ a question on properties in populated cities

1 January 2022 | 4 replies

We know what each area offers on average for cash on cash returns.If an investor wants a 12% Cash on Cash return in the Elmwood village for example we inform him that market is offering 2-5% Returns due to demand.To Joe’s point if someone is after a higher cash on cash we direct them to neighborhoods where we see those types of returns.

Erika Holmes Condo in Downtown Victoria

1 January 2022 | 0 replies

This "district" area was called Harris Green Village, which is seeing a tremendous influx of commercial development.

Niyi Adewole Cozy Bungalow in East Atlanta Village

7 February 2022 | 4 replies

Investment Info:

Single-family residence other investment.

Purchase price: $465,000

Cash invested: $80,000

Short Term Rental

What made you interested in investing in this type of deal?
...

Dinardo Rodriguez Prospective Chicago Investor: Feedback on this Analysis

5 January 2022 | 12 replies

These figures vetted these numbers on the Bigger Pockets calculator as well and got a similar result, but wanted to share on the forum to get additional feedback on any additional line items/nuances particular to Chicago: Property is a duplex (each 3 bed, 1 bath) in Little Village and listed for $249,900Down payment (FHA Loan @ 3.5%): $8,800Closing Costs: $7,494Monthly Income: $1,200 per unit (so $2,400/month)Monthly Expenses: $2,370 (see below for details on expenses) Assuming 30yr mortgage at 3.8%, mortgage: $1,124/monthProperty taxes (2.1% for state of IL): $440/monthPMI (FHA Loan): $104/monthInsurance: $150/monthCapEx (5% of rents): $120/monthVacancy (5% of rents): $120/monthRepairs (8% of monthly rents): $192/monthMaintenance (5% of monthly rents): $120/monthBased on these numbers my conclusion is that this wouldn't be a good deal since cashflow is barely positive.

Paul Winka Room off kitchen counts as bedroom?

10 January 2022 | 9 replies

More importantly, egress window with certain operable area requirements and a sill height of no more than 44" from finished floor.In my specific village, add to the above minimum of 150 sq ft.Finally, as others mentioned, legally having a bedroom and functionally having a bedroom can be vastly different.