Hi @John Warren, another Chicago property owner looking for insurance if you could send it to me.

Before diving in, make sure your mortgage allows for owner-occupied multi-unit properties, understand local regulations, screen tenants carefully, financially plan for potential costs, and have a clear exit strategy for managing the property in the future.

We are still raising rents to catch up to the large market increases from 2020-2022.From an inflation standpoint, the information above is a good thing as market rents and owners' equivalent rent are a huge part of the inflation calculation (and also one of the reasons the fed has pivoted positions as they understand the lag impact of stabilizing/declining rents in the calculation).

Hi there, not sure if this is the right forum, but I'm interested in starting a real state service business on the side (I have a full time job and rental properties), and recently came across a carpet/ flooring cleaning company in Austin TX that is in the market for sale, the owner started this business a few months ago and ran that for 3-4 months, the demand was solid for the start (revenue around $20k/month with one truck/van), he wanted to expand but got into family emergency issues and now he's selling the business, there are no financial statements as he says he's basically selling the assets (van, machines etc.).

A 40+ page owners agreement/ property management agreement is a red flag.

(Not just an owner.)  

if there is a DTI issue you or any family member could go on the loan as a "Non-owner occupant" to help with DTI and again if its paid off quickly when it sells it would be a short duration family would be on to help.

My understanding is that Seller pays closing costs as per this contract, including Owner's title insurance, settlement fee to title company and any other Title and Escrow/Settlement Charges.

Something like one owner says I will buy your half or sell my half at thsi price, what do you want to do?

I found this listing on Zillow, looked at the numbers and everything checked my boxes, so I contacted the owner and kept a close eye on the listing.