Hello!My family owns a 15 story, 54 unit apartment building in Chicago, and our current cleaning "crew" consists of a woman who lives in the building with significantly discounted rent as a trade for cleaning public a...
hello everyone,My name is Dan. I'm work in a family business. I am looking to learn and contribute. At the moment I'm researching to see if it is worth creating a real estate holding company to purchase a commercial b...
Just wondering what parameters are standards in lending and loan calculation.Is one year classed as 12 months or 52 weeks or 365 days, or is there an allowance for leap years by using 365 1/4 days.Simple interest or c...
some rookie questions ahead, hopefully others will benefit from the answers. What’s the best way to find a hard money loan, private finance, etc? Ideally enough for purchase & rehabHow to determine reliable renta...
New Chicago house hacker here, moving in and starting with a bathroom gut in my own unit. Doing as much of the work myself as I can. My 3-flat was built in 1905 and "rehabbed" in 2006. Should I get my materials tested...
We are looking at a loan on a 7 unit apartment building including a house on the property. The bank is saying that a five year resetting rate on the mortgage is normal. Is this true? Also they are saying there is a pr...
I've been a mortgage broker twice as long as I've been a surfer but I think the professional experience might truly be about to pay off! lol I'm originally from South Florida and buying an investment property near sur...
Hello. I’m purchasing a single tenant commercial building and my cpa said I should purchase the building as 50/50 separate ownership like tenant on common vs a partnership llc because it’s easy to sell and he can do o...
Two tenants have reported stolen packages from the common area open to the public. I have also noticed open Amazon boxes on the ground in the common area.What should I do?Should I even do anything?
I've heard a few people, in particular from the Pittsburgh area, mention that they will never again by a house with a "dirt foundation, often citing that it is not possible to perform repairs. To date, no one has bee...