I am closing my 1st apartment building this Friday. It is 8 residential units and 2 store fronts. We have an in house maintenance man. What systems do you use for maintenance requests?1. residents has an issue2. What ...
How do you build up an arsenal of relevant landlording knowledge? Through hands-on experience. Eric Drenckhahn is a "DIY landlord" who has managed his mid-sized portfolio for years and who has come across countless ma...
I am looking to purchase a steel building that has 6 bay units. Each unit has an overhead door (12 feet high?) and separate entry doorway. Each bay is about 32W x 50L and my guess is the ceiling height is between 14...
This may be me overcomplicating it, but I recently ran into a 5 plex that apparently rents at 1085 per unit. With P&I at 871, does this mean using the 50% rule, i'm cashflowing $1841.5/M (5425/2)-871=1841.5 This d...
I am up against my DTI ratio for a traditional mortgage and I have been looking in to the DSCR option and it from what I am seeing it looks like a decent way to continue to scale. Does anyone have insight on what the ...
I am currently listing an eight unit building which includes seven residential units and one commercial unit and have provided the seller of that building a pro forma income and expense statement with a 5% of e...
Hi, I'm looking at a BIG old brick building, built in 1902. The brick and granite look like they are in great condition. I've never owned a brick building before. What are some things I should look out for? I know...
Hi everyone,
I'm looking at a variety of multi-family homes right now and I found an interesting MFH. All brick, built in 1920. Much older than most of the other listings I'm into but the rough numbers indicate it wo...
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Hi all,
New to real estate investing, looking to invest in a small MFH in Chicago in the next few months. I'm trying to get my numbers together and have a question about reserves.
I've seen the recommendation for X...