Hello all. I closed on my first six-unit in March. Before than I had several single families and four-unit multi's and had used my trusty insurance provider for everything. I feel their rates/discounts are relative...
So I recently bought a foreclosure duplex that was built in the early 1900's for $260k. Went thru the rehab process to bring the building up to date and spent about $120k on the renovations. Now the identical sister...
I have formed an LLC in Indiana to hold my investment properties. According to the checklist on the IRS website I do not need an EIN. Also, according to my bank website, when I go to set up my company bank account t...
Hi, Everyone I've found a property that has a AVR value of $103,000-$140,300 and the original value of the home is $122,000, but they're asking for $83,900.Is this a good deal for me? Viewing the property tomorrow. A...
I am representing a buyer-client who has a quad under contract. The bank is having trouble justifying the value of the property because of lack of 'established marketability' and good comps in its rural location.We se...
Welp... just had a really bad appraisal. My buddy and I have been doing the BRRRR method and we just completed a house and currently have it rented for $1,100/month. It's in kind of a weird location as houses one stre...
Does anyone have any idea on how they’re getting around debt to income ratios restrictions when they’re ready to acquire their 7th or 8 th property? I’ve thought about transferring the loans in my wife’s name so I cou...
EQUIFAX SUFFERS MASSIVE SECURITY BREACH Equifax, one of three nationwide credit-reporting companies that track and rates the financial history of U.S. consumers, says a giant cybersecurity breach compromised the pers...
I'm looking to see what are some of the multi-unit in and around Chicago area to buy in?
Hi friends,I am a newbie real estate investor, and bought my first property in June 2023. Decent deal, and we worked to put a good tenant in ASAP. We used Zillow Rental Manager's (ZRM) in-built screening features to s...