Vincent Parello
Analyzing Rental expenses Illinois, Chicago
Hey everyone,I had a question about analyzing rentals, I see people add the expense of Maintenance, Property manager, and vacancy along with others. And I have learned that people use a percentage of the rent to figur...
Anthony Larson
Debt Service question
Debt service should be no more than what percentag of income.
I'm looking at a 4 family and the debt service is about 1200 hundred total and that leaves room for about 50% for expenses LOL...
I'm not interested in bu...
Jeff Burdick
Educated millennials are moving to the city of Chicago(link)
https://www.forbes.com/forbes/welcome/?toURL=https...Had to share this link with all my fellow Chicago investors...especially since it seems like we've been hit with a fair share of negative news lately and it has bec...
Account Closed
Which late fee can I charge? (Error in Lease)
Just going over my lease and I realized I made a mistake on the section that addresses late fees. I have both a percentage and a dollar amount written that is to be charged but the dollar amount doesn't match the perc...
Mark Spritz
Finding Rental Deals with Solo 401K and non-recourse loans
I am just starting out. I have created my Solo 401K and started to look for some rental property investments. The problem is the ones I find are good investments if I was able to use a traditional mortgage to purchase...
Dave Bingham
Multi-family expenses
Hi Gang!I used to work in an appraisal firm that handled market studies and appraisals for multi-family such as apartments, assisted living facilities, and nursing homes. I'm getting back into apartments as an investo...
Geovani Castro
Mortgage equity technique? Akerson/ Ellwood formula
Does anyone use this formula when analyzing a potential investment?
I'm looking at different methods of analysis but I'm having a problem at one part.
Here's an excerpt: The percentage of loan paid off in the hold...
Elizabeth Cook
Partnering with a GC - what % would be good?
We're considering partnering with a GC who is a good friend of ours. We will be purchasing a SFH and paying for all of the rehab, so we'll have all of the risk. The GC has all the rehab experience and contacts. If he...
Christian Walker
Private Money Lender Payout
Hey guys! Quick question, when you use a private lender for flips how do you usually pay them back? A percentage on their money or a percentage of the profit?Thanks in advance,Christian Walker
Michael Lautenslager
Fair partnership proposal
A partner and I are purchasing and planning to quickly sell a condo. What would be a fair consession or agreement considering what we can each bring to the table?We were trying to keep it as close to 50/50 stakes as p...