Zamir Kazi
Where to find bigger multifamily deals?
16 February 2017 | 7 replies
The seller is expecting to co-op the commission they are paying out in most cases anyways.
Lee L.
Ultra Allure Vinyl Plank flooring on Sale Today Home Depot 3/19/15!
9 December 2015 | 3 replies
That can't be the Allure Ultra the OP was talking about.
Alex Gershbeyn
Judicial Sales & Foreclosure Seasoned Investor from Chicago
26 October 2015 | 11 replies
Hi @Alex GershbeynYes - I'm focusing on OP and River Forest but would consider Berwyn, Forest Park or Elmwood Park if it was the right property.
Justin R.
So a hoarder tenant moves into your unit...
31 July 2016 | 17 replies
I lived in a co-op and many were evicted for one reason or another.
Arin Whedbee
How honest should a wholesaler be?
15 March 2017 | 31 replies
No disrespect meant to the OP...but I find the question almost funny!
Marv Nettles
Owner-Financing Quick Deed Deal...how quickly can I refi
4 March 2017 | 13 replies
Hi @Marv Nettles,You said in OP that you would "love" to refinance in six months, but somehow I got that you wanted to refinance "immediately" in my head.
Llewelyn A.
What happens to House Prices if Mortgage Interest deduction ends?
15 February 2017 | 35 replies
@Joe SplitrockThanks for pointing out that I AM talking about 2 different kinds of deductions.I'm the OP of the thread.
Luis Moreno
I have an LLC question.
4 December 2016 | 12 replies
Bottom line I just wanted to correct you for the sake of the OP.
Lesley Resnick
Washer/dryer dishwasher in units
3 November 2015 | 11 replies
@Lesley ResnickI'll sound a different chorus than @Michael Noto.We have moved from a common laundry room to en-suite laundry in all five our <=6 unit buildings We are even in negotiations on two larger buildings, one of which has laundry hookups in each unit - I've already negotiated 16 laundry sets for $15K on the anticipation we will close on this building.Our experience with a common laundry room and coin-op machines was:the capital outlay for the machines was 1.5+ times the cost of a high efficiency residential laundry set;landlord carries the utilities and, typically, the coin-op laundry brought in enough revenue to cover its operating costs;vandalism was greater with a common laundry room;convenience to the tenant is lower with a common laundry room.
Jerod Smith
Looking at another BRRRR, Your thoughts?
31 October 2015 | 20 replies
My guess is that you'll make ~$25/month.Mortgage Rate 5.00%Length of Mortgage in years 30Monthly Mortgage payment $386.51(PITI of about $750 - $185 = $565)Taxes $95.83 (PITI of about $750 - $185 = $565)Sewer and Water $- Trash $- Heat/Utilities $-Cap Ex and Ops $150.00 (this you need to save for replacing everything from roofs to water boilers)Insurance $83.33 (PITI of about $750 - $185 = $565)Mgmt Fee $90.00 (even if you want to manage it yourself, pay yourself for the time)Vacancy $72.90 (8.3% is 1 vacancy/door/year)Total Expenses $878.58Total Revenue $900.00 Cashflow/month $21.42 Cashflow/year $257.06 Cash on Cash Return 4.67%