I have a 4 unit multifamily in Chicago and would like to upgrade the vacant unit. The unit is large (1750 sq ft) and is a 3bd/1.5 bath, but the building is old and the units don’t have a/c or dishwasher. PM thinks i...
I was informed by my property manager that the standard time to find a new tenant would be 45 to 60 days. This seemed very long to me, so I wanted to see what other peoples' experiences have been. How long does it t...
I am planning to use a flat fee real estate broker to sell a house in Nashville TN market because it's a hot market and low inventory. I'd like to avoid the 3% buyer fee, but the broker said I have to post a % profit ...
Residential lending standards have come a LONG way since the 2008 GREAT recession. It is much harder to qualify for a mortgage today than it was before the 2008 recession. Today 95% + of loans qualify show income in...
Hello, I would like to increase the visibility of my rentals beyond the standard postlets/craigslist route. Anybody had any luck paying for advertising anywhere online?Doug
"Industry standard" seems to be that you pay a percentage of the total lease to the realtor that found the tenant, for the full term of the lease, and that is paid up front.
Why? Why do we do this?
Most of our prop...
Hello, BP.
I first wanted to say thank to so many of you for the insight over the years that I've been listening and reading your input. This is my long overdue first post and it's based on a strategy that is a mixe...
Hello BP community,I am currently assessing the markets I want to really focus on. I know in The Book on Rental Property Investing, Brandon discusses using Greatschools.org. I have used it and do like it, but I want...
Does anyone know what the industry standard vacancy rate is for self storage buildings?
A standard for buying
20% below market value10% forced appreciation 3% appreciation after 1st year Cashflow 300$ per door10% ROI1-2% rule- 100000k house must rent out at least 1-2%
Are these numbers to unrealistic?