I'm looking to purchase a 2-4 unit in northern Illinois, the Freeport area seems to have tons of affordable inventory.

Currently working on a deal to buy a 140 room property that is right next to a major freeway, and hospital.

It’s also possible to have a negative net worth, which means your liabilities are greater than your assets.Examples of assets that may be included in your net worth include:Business interests Cash and savings Investments Personal propertyReal estateRetirement savingsVehicles Examples of liabilities that may be included in your net worth include:Credit card debtMedical billsMortgagesPersonal loans Student loan debtVehicle paymentsNet worth is very easy to calculate: You add up all your assets and subtract your liabilities.The net worth formula is:Net worth = Total assets – total liabilitiesHow to Select a Net Worth TrackerYou can choose from several net worth trackers to help you monitor your financial position.

This property will require about 45% down to hit the 1.25 DSCR that is the median requirement for a commercial real estate loan.If you want to be at that price point with that much for the downstroke, you need to be looking at higher risk properties with a higher cap rate.

Hello, I'm from Canada and struggling to find a good home insurance provider for my STR.

Hello, I would recommend Nationwide Compliant as a great resource to help you out.

A lot of development is happening and she is not sure if she should hold on to it or try and sell it.

As we approach 2025, this trend is expected to accelerate.

Do a cash out refinance to offset any credit card or installment loan with a rate above 9% to offset the loss until you have the ability to sell ot or transition into a STR.

Hello All, My name is Cara and I'm new to BiggerPockets.