Dakota Workman
Is a 6 unit apartment a good way investment?
There is an auction in about a month for a 6 unit building, fully rented out as far as I know, for 2650 a month. Thing is, I know auctions all have their own set of rules and such. And it's an online bid type of aucti...
Anil Sharma
Buy and hold decision
Hello everyone, I understand the relevance and the idea of minimum 1% rule. Based upon online research in my surrounding areas and the prevailing monthly rent they have the potential to generate, I am having hard time...
Daisy Ruiz
Short term rentals Chicago
Hey everyone, Has anyone done short term rentals in Chicago. I have been reading thier seems to be a lot of rules and regulations. Does anyone have any pointers? Thank you in advance
Shweta Sharma
1031 exchange complications
I could not live or rent my apartment for 5 years due to mold issue caused by the building. Building finally resolved and remediated it this year and now i am selling the property. Can it still qualify for 1031 becaus...
Ted Barrett
Mortgage Rates Eating into Cash Flow Under 1% Rule
Hi all,
I've been trying to find updates of the 1% rule and whether it's working in 2024, specifically when you're using a mortgage at 80% LTV, 30-year mortgage. Looking at rates today, if I were to buy a property fo...
Lynn McGeein
Lead Paint causing violent crime discussed this weekend
Watched Up with Chris Hayes this weekend, interested in the violent crime discussion, and surprised to hear the theory that it could be caused by lead and lead based paint and how abatement is essential. Found this a...
Anjali Khetarpal
What deal analysis rule of thumbs are you using in your market?
Good day everyone! Here is a question for buy and hold rental properties.
What deal analysis rule of thumb are you using (1% rule, 2%, 50% etc etc), and for which Chicago neighborhood or suburban Chicago market do yo...
Todd Keith
Is This 26 Unit Apartment Priced Too High?
Hello BiggerPockets,Can you seasoned multifamily investors give me some feedback on this deal that I am looking at right now. It's located in a Class C area in Akron, OH. Here are the details:
26 unit property (All...
Winston A.
Building Basis - Improvements made to rental property
I bought a 2-floor building in 2010 for $200,000. I live on the top floor. Currently there is a tenant on the 1st floor. I only plan to live in building for 5 years, and rent out the whole building for another 10 year...
Victor Solomon
Check me on this first-timer strategy...
hey guys -- new to the space and community, really grateful for the resource. Have had a great year of income from private client projects and looking to deploy some capital to building sustainable structure for my fu...