Andres Bernal
Upgrades to boost your rent
23 March 2018 | 13 replies
I agree with @Ray Harrell - you need to understand what is common in your area.In Chicago, I would never recommend a landlord put in unit washer and dryer unless they are already doing a full rehab of the unit.
Rick Shurtz
2 flat / 3 flat in Chicago
10 January 2019 | 10 replies
It's common to have an illegal basement unit in Chicago but it's obviously a risk.
John T.
How to tax a co-investor?
26 February 2018 | 5 replies
It may be a tenants in common relationship.
Denzell Hoover
Potential MHP Purchase in Blytheville, Arkansas
5 March 2018 | 6 replies
Inquire about any past maintenance done.
Raymond Kovats
HELOC to start house hack
27 February 2018 | 4 replies
I have never done it but it is fairly common for some to get started house hacking a smaller multi family property.
Bill Baldwin
Ripped off by my Property Manager / Agent - Advice Needed
28 February 2018 | 9 replies
She put us in touch and he agreed to take my property on, and we both signed a property management agreement in January 2016.I won't go into the details, but he stopped sending me rent claiming high maintenance expenses to which he coming up with excuses for why he couldn't send me the receipts for.
Stephen Murdock
Visiting the Twin Cities this weekend - what areas to check out?
13 March 2018 | 13 replies
Most are in Mpls or St Paul, but you will find some first-tier suburbs with large duplexes. 3-4 plexes are as common as a Vikings Super Bowl outside of the two cities.Within 45 minutes of MSP airport: This will be no problem, everything is within 45 minutes of the airport, especially in multifamily.Areas with a small town/ neighborhood feel are a big plus: South St Paul would have this feel so would Stillwater but that is probably more than 45 minutes from the airport with any level of traffic or bad weather.
Harsh Patel
Investing in turnkey properties - Pros and Cons
4 March 2018 | 13 replies
Otherwise I would expect the story above is the most common.
Adam Duffy
vacation rental viability
28 February 2018 | 5 replies
I'm a little leary to think that 6 nights (3 weeks * 2 nights) is going to be enough to cover mortgage, insurance, property tax, maintenance, cleaning, furnishing, 100% of utilities, cable, internet, etc. but maybe I'm all wrong.
Yoni R.
What do you think of this loan? Is it a good deal?
28 February 2018 | 25 replies
$1650 rent less $1375 PITI less 5% vacancy ($80) less 10% management ($165) less 10% maintenance ($165) less 5% CapEx ($80) = Negative $215 per month cash flow.