I wrote this blog post the other day and thought I'd share it here to share as well! Have you heard stats such as “80% of millionaires attribute their wealth to real estate”? Or heard stories of living the good life o...
Value-add in real estate is one of the most common strategies when it comes to investing in real estate. The concept is simple but if you’re not familiar, it’s going into a property that’s underperforming (rundown or ...
I have never sold a property that I've previously 1031'd into. I am confused on how to think about my potential tax liability and I've had different opinions from professionals. The scenario is that I bought a house f...
We are kind of new investors, started out last year. One year is about to end on one of the properties. What should be the general annual increase rate in rent? And if we want to give the month to month option how muc...
I have 3 rental properties in Chicago. I find that I’m only increasing rents when I have a turn (every 2-3 years). I’m debating if I should implement rent increases for current tenants during lease renewal, even if it...
I'm not looking for legal advice here and I won't take any comments as legal advice; I just came across a property here in Philadelphia for about 30k where a tenant is in place paying 900 a month Section 8. My questio...
As a commercial real estate operator, one of the most important things you need to focus on is increasing your net operating income (NOI). NOI is essentially the income that your property generates after all the opera...
Which is the best?
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How do go about increasing current tenant rent for section 8? The tenant has been there over 1 year, and I seen what section 8 pays in Romeoville will county, Illinois.
So I have one income property only so I’m new to this. It’s a detached duplex so basically a mother in law suite. 1/1 with laundry unit, their own electric meter, water meter and tenant pays all utilities. I’m in brow...