Jason B.
Suburban Chicago: One of the Hottest Rental Markets in the U.S.!
15 January 2025 | 10 replies
I’ve had to widen my search radius to smaller suburbs or target properties needing light cosmetic work to make the numbers work.Value-add opportunities: Adding amenities tenants love, like finished basements or upgraded kitchens, seems to justify rent premiums in this market.Navigating the competition:Be creative with financing: Seller financing or partnering with other investors has been helpful to secure deals when conventional offers didn’t cut it.Work with local agents and wholesalers: They often have their finger on the pulse of off-market opportunities, which is critical in a hot market.For those new to suburban Chicago investing, I’d say the key is finding the “sweet spot” neighborhoods—ones on the rise but not yet maxed out in price.
Ben Callahan
Californian new to REI - looking for out-of-state rental property
4 February 2025 | 19 replies
I like markets with diverse job drivers, and it is always helpful to have major corporations locally.
David Rutledge
SBA loan for small hotel
4 February 2025 | 14 replies
One person had to go through 30+ local commercial lenders which are the easiest to work with!
Kris Lou
PM Fees in Indy
30 January 2025 | 6 replies
@Kris Lou Many factors go into PMC pricing:1) Locality (city/state)2) Neighborhood & Property Class (time to manage Class A < Class B < Class C < Class D)3) Property condition (slumlord properties hard to manage)4) Number of units (some economies of scale, but not as much as owners think)5) Owner expectations (some owners really want a personal assistant!)
Kelly Taylor
Recommendations for a Self-directed Roth IRA Custodian - Equity Trust anyone?
6 January 2025 | 11 replies
Is it an automated voice attendant, is it a call center where you are routed to someone else eventually to get an answer, or is it a live, well trained staff member?
Robert Ok
Best Real Estate Coaching Programs
14 January 2025 | 11 replies
Even if you're in a local 50+ league and want to be competitive, a coach is probably over-kill.
Brian Lubeck
Help getting titles for trailers
14 January 2025 | 4 replies
Thank you@Brian Lubeck I believe you need to call the local DMV for where your trailers are located and go through the process for a replacement title.
Carsyn Childress
Are wholesalers using BiggerPockets?
29 January 2025 | 18 replies
There is some but you FB or local event would produce more.
Niranjan Sathish
Lancaster City - Short term rental investment advise
14 January 2025 | 5 replies
Thank youBest,SathishkumarI would potentially try starting out being a cohost in that local area or work for a cohost company .
Brett Riemensnider
Seeking Eviction Advice
4 February 2025 | 7 replies
@Brett Riemensnider Following @Caleb Brown's advice, you need to contact a local eviction attorney asap and let them know you have demands for nonpayment of rent that have expired and you'd like to start the eviction process.