Shannon S.
Question- condo to apt conversion- Chicago N. Center/Roscoe V.
9 March 2017 | 9 replies
If it is possible to de-convert condos back into apartment building and the recent comp sales of a similar type 3 unit multifamily are more than the sum of what the 3 condos can sell for (again using comps) then i would choose whatever option makes most moneyIts just laying out the 2 options and finding out which option gets you the most money (cost benefit analysis)Curious to know how they would come up with the break out of the sale.
Gustavus Adolphus
Etiquette in dealing with contractors
12 March 2017 | 10 replies
Cost of job is one thing ,, were both companies equally insured, timeline the same, craftsmanship the same, sometimes it's hard to compare bids when the 2nd contractor suggests another way to approach the job, when this happens I call 1st contractor and ask if they could also include a bid with the "new change detail" and make sure the contractor I've got out presently gives me bid both ways also.It's a hard knock life, and not everyone works well or meshes.But your back and forth with the A to make B meet his rate could backfire, and you get to start all over again.
Jason Crow
HELOC for Investments - Good or Bad Idea?
17 April 2019 | 27 replies
If you borrow through a HELOC at 4% you automatically should be gaining 6% as opposed to losing your present 6% return on your own money.
Ryan Todd
Seeking Partnership Advice
14 March 2017 | 5 replies
We have talked the thing to death and I have even presented him with an operating agreement to sign and have plans in place with the accountant/LLC to bring him on.
Maria K.
Insurance Claim question
23 March 2017 | 5 replies
Does anyone work with a company that would be able to work with me in this scenario considering I have a recent claim for a future purchase in MD, PA, DE or SC?
Shannon Hogan
First mobile home park investment! Help
14 March 2017 | 6 replies
If their honest and provide all the documentation you need (i.e. rent rolls, tax returns, past and present invoices, etc), then it's just a matter of going through the numbers.
Jeremy Long
Here's a weird one: residential development
14 March 2017 | 2 replies
And presenting a business proposal to potential buyers and the owner.I need to create a plan to the potential investors in the area, which I have contacts for, but I need to come to them very professional insights and comps and information that will make them see that it is a great investment to buy lots and build houses on this land.Has anybody done something like this and have any advice?
Ben F.
Passive Investment Deal
16 March 2017 | 8 replies
That total amount is than annualized, and than there is a formula that gives you a return based upon the Net Present Value of money.
Valentina Manco
Newbie in REI from Switzerland
15 April 2020 | 9 replies
Presented by the BiggerPockets Podcast co-host, Brandon Turner, it covers a different topic every week.
Charles Jones
Researching opportunities in Oregon and Illinois
22 March 2017 | 7 replies
At present, I live in Corvallis, Oregon, but I am originally from (and have family living in) rural northern Illinois.