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Hello,I was looking up fair housing laws in Chicago because I am trying to rent out a unit, and I came across an article online that said we are not permitted to say that income must be three times the rent, because i...
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I have been analyzing properties for the last 8 months without making a just yet-- We've been busy doing many other things. However, we're finally at the point where we'd like to start making offers.At the moment, I ...
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1% Rule seem hard to achieve (at least harder to find) in "hot" growth RE markets (i.e. Austin, Seattle, etc.) but easier in some RE markets (i.e. Ohio, Missouri). Would you rather do a buy & hold (holding period ...
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I'm underwriting a deal right now, trying to determine a generic rule of thumb people use for expenses. The deal includes: - Four 4-plex's totaling 16 units- 100% occupied (although I like running my numbers at 89%)- ...
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Everyone says to buy multi families but are they worth it....In my area a retail priced multi family is expensive, and often you only profit the value of 1 unit after the mortgage. And Often low income rent prices! So...
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A fellow contributor here, John Carbone, sent me a link yesterday to a lot for sale in the Smokies. The price certainly seemed reasonable. It so happened that I know the owner of the lot. He is one of our homeowner...
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This is my first attempt into REI and appreciate advice you can offer for acquiring this multi-family property with creative financing. I have some initial details and expecting more information on the property within...
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I have been contemplating using money from my IRA to fund an LLC and get started in multi family. I know I'll be taxed and pay penalty for early withdrawal, But I feel I can make up that money plus more with REI. I ju...
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Any advice for new landlords are welcome! Thanks
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My wife and I are in the process of building a house that will hopefully be ready around November. At the same time, I would like to start my venture into real estate this year. What worries me is if I found a propert...