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Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $1,200,000
12 unit multi family building in the heart of Edison Park in Chicago.
What made you interest...
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Short answer, for us, was YES!!Here's the stoy...We found a 3b/2b SFR and wanted to make an offer. We also had someone that needed to occupy the property IMMEDIATELY! Problem is ..We didn't own it!! How do we rent i...
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How do you determine vacancy rates for a certain market?I am looking at buying my first multifamily property, however I am having trouble finding what the average vacancy rate is for the area I am looking. Any suggest...
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I just joined as Pro last week. Was looking forward to diving into to work with the calculator to run some numbers for an off-market multi-family property. We did not get assistance from Support to assist us with fig...
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As of right now I have 2 units with 6 tenants, with different end dates on their leases. I am a renter myself. My landlord has us all on the same leasing schedule. I am wandering if I should follow his example?
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I've generally waited until current tenant moves out before advertising and move quickly to make any necessary repairs and painting so that I don't lose out on an entire months rent. It's worked out so far since I've ...
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If you have a short-term rental with no cancellation policy, and the tenant gives notice they will be vacating on week 1 (they fell at a restaurant) are you obligated to give money back if you re-rent the unit?The con...
Hey BP nation,I'm a college student in the midwest and just have some questions about looking into a wholesale deal. I've done my research for the most part, but am unfamiliar with the legality or "morals" that go alo...
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I am just getting started, I would like to know how much liquidity do I need prior to contacting a hard money lender for a deal?
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Hello Everyone!If you know of any real estate investing groups in Charlotte, please let me know! Looking to learn and possibly find a mentor. I passed my school realestate exam and I am now waiting to take my state PS...