Hi! Just bought my Multi in 2018 and now just got my adjusted tax bill. It went from $$$$ to $$,$$$. Almost 2.5 folds. I guess assessor went on purchased price of the property. Anyone tried fighting this? I was ...
Hello,
I have an out-of-state rental that I've relied on the property management to take care of it. I have owned the property for about a year and there has been minor fixes that already turned my first year cashflo...
My question is mostly out of curiosity. Does anyone on here have any example of you or anyone else being sued and losing the entire asset, business or worse?I hear so much about asset protection and it just gets me th...
Hello,I closed on a property that I intend to rehab and rent out. SFH in a class B neighborhood and rent is $1000. It has 10 windows, and most of them are in decent condition expect that they don't open properly, or w...
Economic Update
(Monday, March 29, 2021)
This pandemic has really exposed the fault lines in our workforce demographics. It has exposed the divide between those who can work from home and those who can’t (deemed e...
It is with great excitement that I am writing this post. I am going through closing on my first home! It seems like a dream because I have been researching for so long and I never knew when the right property would co...
We are closing in a few days on a bi-level duplex. [It is currently empty] Both units have a space for a small stackable washer/dryer BUT there are no dryer ducts/exhausts/vent AND in the upstairs unit the plug would ...
Can someone please help me understand the the reason why these low cost properties are so popular?
It seems that many people are purchasing these low cost properties that generate a net positive cash flow of about $...
In February of 2022 we purchased a newly renovated 3 unit building in the South Austin neighborhood of Chicago. The price was 500k and we used a DSCR loan for the purchase.
We listed the top 2 (3x1) units for $1800 ...
This occurred on Sunday. Thankfully not at one of our properties, but one about three hundred yards away. A heavier gentleman was apparently walking up the stairs to his cabin, a step gave way and snapped, and his l...