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10 December 2019 | 2 replies
I'm looking in Lincoln Park/LakeView, Bucktown/Wicker Park/Logan Square, Little Italy, Gold Coast/Old Town (open to suggestions of other neighborhoods to consider) I'm trying to understand what properties are "a good buy" and what are overpriced but I am struggling to identify appropriate benchmarks: I keep reading about the 2% rule as method to identify "good deals" but I can't seem to find properties that meet this requirement (and I kind of suspect that this is not realistic in Chi).... and I am not even sure what rule of thumb to use to evaluate properties for AirBnB.Anyone willing to share wisdom or - for people owning a similar property - willing to share approximate numbers?
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18 December 2019 | 3 replies
Let's examine a typical quote from this article:Mobile home parks are profitable because there are so many families struggling while income inequality and debt ratios are at their highest in history.
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4 December 2019 | 7 replies
You are going to struggle getting less than 30% down anywhere now.
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5 December 2019 | 3 replies
With current rental prices in the city, I shouldn't have too much of a problem hitting the 1% rule.Where I'm struggling right now is understanding how much to offer on these properties.
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11 December 2019 | 6 replies
This would ultimately help eliminate the things I struggle with (repairs/maintenance) and also allow me to rent to more qualified tenants.
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12 December 2019 | 11 replies
That said, let me know if you're struggling with anything or if there's anything I can help you with - as a novice, sometimes that fresh set of eyes brings a new perspective.
7 May 2020 | 65 replies
I have a large network of SFR buyers, but I’m struggling to find serious MF buyers.
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11 December 2019 | 3 replies
I am not seeking advice trying to pull me away from buy and hold as a primary strategy.We have been presented with three financing possibilities and I am struggling to decide.FHA 3.5% down 3.49% interest - Required mortgage insurance is $128.74Conventional 5% down 4.25% interest - Required mortgage insurance is $96.27Conventional 20% down 4.25% interest - No required mortgage insurance.We have plenty of cash for any down payment and for the renovations.I am struggling with:- The idea of paying mortgage insurance
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20 December 2019 | 55 replies
Fortunes are made in times of great struggle just as they are in times of relative stagnation so just use common sense.
14 December 2019 | 1 reply
It could cause downward pressure if they struggle to fill it up or could create demand if they fill up fast.