The lender will not require any of the anticipated interest payments on date of origination and borrower will have lower cash to close requirement, although $15K in interest payments will be required to service loan through duration of project.Loan B: Lender requires $15K interest reserve funded by borrower at settlement.

Wait until the move-out date and confirm she's gone, then handle turnover like normal.

Luckily, I did not include this unit in my underwriting when purchasing, so the survival of this property is not contingent on this situation.Continuing to optimize for management of the building when I move out, like moving everyone to online rent payments or adding remote accessible security cameras.Exploring opportunities to expand my portfolio—I've begun my hunt for my next 3 to 4-unit building to house hack, ideally in Lake View, North Center, or Ravenswood.This year taught me that real estate investing isn’t easy, but it’s undoubtedly worth it.

This is just one example but without some intense research online you may not learn this, but by speaking with someone very knowledgeable in your chosen areas you not only save time but may find even better opportunities.Best of luck!

Consider offering concessions the seller might value, like a quick closing or flexible closing date.

You can look those up online through the Secretary of State website most times.Hope that helps!

There is an online calculator that tells you how much interest you have to give them (no it doesn't matter if you actually made that amount of interest or not on the deposit).

I mainly want a site that offers advertising the property, online payment options, maintenance requests & at least a basic accounting aspect.Thank you in advance!

Investment Info:
Large multi-family (5+ units) commercial investment investment.

Purchase price: $420,000

Cash invested: $195,000

2023 Purchase Price - $420,000
Renovation Cost - $165,000
2024 Re...

I've seen a lot of bad excel templates online...