Seb Ko
Cost & process for water line expansion replacement?
Hi BP Chicago, I'm looking to add an ADU but will need to increase the water supply line to meet code. Unfortunately it will likely have to cross the street (small residential street in Wicker Park). Has anyone gone t...
Larry Pruitt
Real Estate 100% LTV Loan
Hey guys,I was contacted by a mortgage broker offering a real estate investment loan to purchase multifamily properties. He said that the loans offered have no upfront fees and the origination loan fee is taken out of...
Joseph Scorese
Refinancing Your Mortgage: When It Makes Sense
Refinancing Your Mortgage: When It Makes SenseImportant considerations for when refinancing is a good financial move.Refinancing your mortgage can offer a way to take advantage of low interest rates -- or, if your mor...
Dolan Bradley
MTR management commissions?
Any suggestions on MTR commission splits? I've seen 25% a lot how ever with the rent rates varying from insurance rentals, vacation rentals, travel nurses, etc. Do you ever alter what your take-home is? Also any recom...
John Su
Jerome Village Income Charge
Is anyone familiar with Jerome Village? On its resident fees page, it states that the Jerome Village Community Development Authority can charge up to 2% income charge. It sounds like it's a 2% income tax. "Income C...
Henry L.
Should I buy this triplex in Kearny?
Hello All:My question is this: am I fooling myself by thinking that it's still a good deal even if the cash flow is -$212/month, and the Cash on Cash ROI is -3%, because I probably won't need the 10% property managem...
Dave Chan
Building a Backyard ADU in SoCal - Cost?
Hey guys, I am currently thinking about putting an offer for a house. I spoke to a few GC about a 500 sq feet 1bed 1bath detached ADU in the back yard of the house. They gave me approximates of 100-120k. Does this sou...
Yinan Q.
New Construction Cost in Seattle
When I analyze fix&flip deals that require extensive rehab, I always wonder if it makes more sense to tear the house down and built a new one. I have a pretty good idea of estimating cost for flips but not so much...
Megan S.
How difficult is it to refinance?
Hello, BP! I'm a new member - this is my first post. I've recently been diving into the world of real estate investing, trying to familiarize myself with the terms, different financing options, etc.I have a question a...
Tim Nethers
Investing in my First Multi Family Property
I've been throwing around the idea of investing in a multi-family property for a few years now, and I've been running the numbers on multiple properties. I've singled down on one that I think I would like to purchase ...