Chicago is a hot market now but the State, County and City all have significant public employee pension and healthcare debt (that cannot be reduced except maybe in a bankruptcy). Property taxes are already high, but ...
Dear Pocketers,
How do you harden / bullet-proof your rentals?
While I've never had anyone utterly trash a rental of mine, I've seen the damage they can do first hand (typically when buying the rental and seeing ...
Well, Minneapolis and Saint Paul decided last night that 99% of Nobel winning economists just don’t know economics as well as they do and decided to adopt rent control and save the cities. A 3% maximum rent increase e...
I just got an email from my realtor regarding my decision to wait a little longer for prices to come down more. She said this:
"Sad to say that all indicators show that prices will start ticking up not down. The buil...
I inherited a property that is in the process of being sold. Once the deal closes at the end of the month I am looking at paying off all debt and have the opportunity to continue investing in real estate in the sum of...
How long does it take you to evict a tenant in your market? What are the most common reasons for delays?
Dear BP friends, hope you all had a great Thanksgiving holiday! A tenant of ourshas just complained today about vent cleanness after he lives in the unit for 10 months. He sent us a pic of the ceiling after bathroom e...
My very first deal:Purchase price: $205,000Down payment: 11% + 2% closing costsHouse Type: Single FamilySqft: 678 (WHAT? This isn't even a tight market nor a great neighbourhood. How did I get sold this crap lol)Locat...
Hi guys,
I've been messaging with a couple of local aspiring investors, and we thought it would be fun to do a casual meet up for drinks/dinner and real estate conversation, of course! Monday, 10/14 at 6:30is...
Why shouldn't I buy a duplex as a first time investor in Cleveland vs a Single family home? Assuming getting pre-approved and cash for the down payment isn't an issue what are the reasons to avoid a duplex?I assume it...