Jimmy Ready
Numbers on a Multi Family Property
Hello all, my question involves the number on a multi family property and how to go about calculating them if you live in one of the units. Im confused and I want to talk out load to see if this makes sense or if anyo...
Art Maydan
First Time House Hacker - Start A Holding Company?
I'm looking to buy a 2-4 plex using FHA in Chicago to house hack soon and start a career investing in real estate. I like the buy-and-hold multi-unit strategy (for now); that means I'll be buying more units in the fut...
Peter Lombardo
City Housing Forcing me to install additional meters, boilers.
I was recently fined summons that a 4 family unit that was built in 1952 with 2 electrical meters must have 5 meters for each floor including a landlord's meter, 2 additional boilers, 2 water heaters etc...The strange...
Steve Seslar
changing a single family home into a duplex
Hi,I am a new real estate investor looking at a purchasing a single family home as rental property. I have gotten comps for SFH rental units in my area and I feel like I have a handle on the numbers for this scenario....
Jill Good
Does occupied property deter investors?
What about tenants who come with the property? Does it cause concern for potential investors, or is it considered a good thing to have tenants in place?
I'm a broker, but new to wholesaling properties. Not sure wha...
Daniel Sager
When does it make sense to refi and cash out?
I just purchased my first 4plex a month ago and have been doing some upgrades in my unit and now, with a unit (thankfully) getting abandoned, an empty unit. My current plan is to hold this property for the foreseeable...
Leah Gaspard
Accounting for living in a rental property
I'm considering a property that's marketed as a 2 family with 3 bedrooms and 1 bath upstairs, and what is actually a 1 bedroom apartment on the first floor (there is a finished basement, but can't be utilized as a liv...
Nick B.
Underwriting apartment expenses - small properties vs. big ones
Hello BP!Are expenses per unit significantly different in small apartments (10-50 units) versus large ones (100+ units)?I came across a couple of listings for small apartments (16 and 36 units), where stated actual ex...
Jonathan Yeh
Dilemmas about purchasing a rental unit this year in Airdrie/Calgary..What to do!?
Hey guys, I'm an investor living in Airdrie right now, and I have been holding off to purchase a rental unit for the past year or so due to inflation and the forever-rising interest rate.However, I plan to buy one thi...
Ed Ibañez
FHA - BRRR - when to refinance?
I purchased my first House Hack using an FHA 203k loan. In your experience, when should I refinance? Any things to consider? Any advice? Thanks,Ed