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2 July 2024 | 5 replies
You're really investing all over the country.
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2 July 2024 | 5 replies
Any recommendations on an AirBnb Manager in Chicago to take over an existing asset?
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1 July 2024 | 22 replies
Is there a way to remove the mortgage from their DTI once I take it over?
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3 July 2024 | 4 replies
My current property manager has failed us in so many ways over the past couple of years that it's time to move on:1.
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3 July 2024 | 8 replies
I’m not sure what to do , I’m trying to minimize loss and see if there’s any smart options from other investors Perhaps it would be good to know this info as the loans may be worth keeping especially if they were written over the low interest years.
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3 July 2024 | 8 replies
reaction.A $500K building should be bringing in $5k/mo. (1 percent rule)If is bringing in $3700/mo total then it is either under rented and the rents need to come up, the building is over priced, or it is simply a bad deal.
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3 July 2024 | 5 replies
It took a year and a half and a lot of work, as well as significantly more dollars than I was insured for.We had a slip and fall medical claim a few years ago that resulted in a settlement of over $200,000.
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3 July 2024 | 6 replies
Consider whether you aim to build a substantial real estate portfolio for ongoing income or diversify investments over time.Risk Management: Assess risks associated with property ownership, including vacancies, maintenance costs, and market fluctuations.Risk Management: Assess risks such as vacancies, maintenance costs, and market fluctuations associated with owning multiple properties.Tax Planning: Work closely with a tax professional to develop a balanced strategy that maximizes current income offset with depreciation, while planning for depreciation recapture and optimizing use of 1031 exchanges.
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3 July 2024 | 6 replies
However, I did not get most of what was promised AND they charged me after I canceled before the trial period was over.
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3 July 2024 | 4 replies
We found that for every 100 sq ft you build over 1600 you lose about $10 per sq ft off of the resale so our underwriting has $200 a sq ft resale or about $340k.