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3 January 2025 | 26 replies
Look for undervalued properties.Network: Connect with local real estate agents, contractors, and other investors for insights and deals.Analyze Properties: Use the 1% rule to evaluate potential properties (monthly rent should be at least 1% of the total investment).Secure Financing: Explore different financing options like conventional loans, hard money loans, or private lenders.As for timing, if you can handle the extra responsibility, starting now could give you a head start.
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2 January 2025 | 11 replies
Luckily, I did not include this unit in my underwriting when purchasing, so the survival of this property is not contingent on this situation.Continuing to optimize for management of the building when I move out, like moving everyone to online rent payments or adding remote accessible security cameras.Exploring opportunities to expand my portfolio—I've begun my hunt for my next 3 to 4-unit building to house hack, ideally in Lake View, North Center, or Ravenswood.This year taught me that real estate investing isn’t easy, but it’s undoubtedly worth it.
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20 December 2024 | 4 replies
Supply and Demand11.
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23 December 2024 | 13 replies
Pros include securing the desired property and strategic planning, while cons involve higher costs, financing challenges, and complexity.
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29 December 2024 | 15 replies
To stay secure, I’d recommend saving 3-6 months of mortgage payments, budgeting for repairs, and possibly investing in a home warranty.
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29 December 2024 | 253 replies
Agree with @Jeff Pollack on having the guts to leave the security of a JOB.
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17 December 2024 | 20 replies
Treasury's $25 billion auction of 30-year bond met with weak demand - MarketWatchYields rise after weak 10-year auction, heavy corporate supply | Reuters
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27 December 2024 | 9 replies
Depending on the application, first, last, security, and another month or two.
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26 December 2024 | 13 replies
Take that away by making it clear you will pay for, even supply, all materials.
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31 December 2024 | 32 replies
Quote from @Jeff Adolphe: @Kevin Collins How long does it typically take you to secure a house with REI?