Illinois is enacting a statewide minimum wage of $15 per hour by 2025. Have any experienced landlords had this happen in their state or city and what have been the effect on rents? Drastic increases or gradual incr...
Hello,I am a seasoned real estate investor (for over 16 years) who worked primarily with residential real estate, specifically single family homes. I am looking into a commercial real estate property of 5mn and puttin...
Hello,I bought a condo last year and financed it under my name. I had read that it made sense to have the rental property in a LLC to minimize liability. What's the best way to accomplish this now and what are the imp...
How do you feel about a $700k purchase price with a non owner occupied 4plex DSCR loan 3yr prepayment penalty, 10yr interest only 30yr fixed after$560k loan amount (20% down)7.750 par rate with no costs. monthly payme...
I'm an investor trying to formulate new policies around the new statewide NY Tenant Protection Act of 2019 that was passed in June. After speaking with countless lawyers, property managers, and RE investors all over ...
I finally got a deal! I'm in the process of completing my first deal. It is a duplex. I'm doing a fha 203k loan. I'm going to live in one side and rent the other out. I want to get some thoughts from others. Purchase ...
Hi all,I'm working on offering a free report to commercial real estate investors and multifamily property owners as a way to build my authority, credibility, and expertise in my local community, and I'd like do get yo...
You guys gave me some excellent advice on a problem tenant that I acted on and am way better off for it. I wanted to get your advice on what my direction should be going now.
My situation is this.
My husband and I b...
Hello Fellow Landlords,I purchased a two family residential property (vacant) that has a commercial unit on the property but complete separate (occupied by a pet grooming store). This is in Binghamton NY. The groomin...
Hi All,I'm currently have a fourplex under contract here in Denver using FHA financing for 630K, and it appears to be a fourplex with four different entrances, plenty of parking, four kitchens, four bathrooms, and suc...