Christopher S.
Unlocking Chicago's Community Development Grant Program: A Streamlined Financing Path
4 September 2024 | 4 replies
(If your project is primarily housing or incorporates housing specific funding sources, you will need to apply through the Department of Housing rather than through this program.)The funding sources that a project can receive include the Chicago Recovery Plan (CRP), Housing and Economic Development Bond (HED), Neighborhood Opportunity Fund (NOF), and Tax Increment Financing (TIF) which have all been combined into a single, streamlined grant program with unified rules and regulations.
Adriana McLaughlin
New investor: I don't want to quit my W2 but want to max investing to offset taxes
5 September 2024 | 13 replies
With a full-time job, it might be hard to meet those requirements, so your real estate losses could be considered passive.Now, on the AGI front—if you and your husband’s combined AGI is over $150k, unfortunately, you won’t qualify for the $25,000 special allowance that lets you offset passive losses against your other income (like your W-2 income).
Garrett Brown
The Top 10 College Football Town for Short-Term Rentals
2 September 2024 | 16 replies
I'm surprised that Tucson ranked higher than Scottsdale/Tempe and ASU...the combination of Scottsdale as one of the country's top party towns, with the close proximity of ASU Stadium (5 miles) should put them near the top, I would think....?
Valerie Bowman
Application/ Property Viewings
4 September 2024 | 9 replies
For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.
Abdul Kadir
DADSON Laundry contract
29 August 2024 | 3 replies
DADSON has their washer and dryer in the room.
Tommy Brant
Underwriting for 3% insurance increase - is this a joke?
3 September 2024 | 7 replies
The combined effect is that premium increases will normalize going forward.I have a feeling if I had an investor on the phone that was reading headlines about insurance premium spikes, the above would satisfy them.
Sam Gillett
60 Unit New Development in Cape Breton, Nova Scotia
2 September 2024 | 3 replies
A combination of lack of infrastructure partnered with historic highs in population growth specifically in new international students pouring into the area to attend Cape Breton University, has presented less then a 1% vacancy rate on the island.
Brandon Craig
First Syndication Deal
3 September 2024 | 51 replies
Combining so many strategies into one syndication offering is rarely a great idea.
Elizabeth Brown
Keep the ball rolling
3 September 2024 | 7 replies
only you know (or should know) what the numbers are.Obviously the “cash flow” would go towards paying back the HELOC, so we wouldn’t see any of that income for a couple of years. and if you're just paying down the interest on the HELOC and not the principal, then the HELOC will still be due in its entirety after the draw period ends. make sure you are looking at this accurately.We just always hear about people getting started buying their first property, and even on a lot of the webinars we watch they run the numbers, get a couple hundred dollar cash flow deals and call them good. yes - in a lot of cases this is because (1) the assumptions are unrealistic, (2) the buyer bought when interest rates are a lot lower, (3) the buyer is spreading repairs, management and other costs other an entire portfolio and not a single property, (4) the buyer is managing themselves and doing all of the repairs themselves, or (5) some combination.
Will Lockwood
Virtual Concierge tool
30 August 2024 | 7 replies
I need AI to help me when there's a bat flying around the cabin or the ol' "snake in the dryer!"