AJ Smith
Chicago Househack Analysis
Hi all -been analyzing Multifamily Househacks in Chicago and am getting some crazy numbers. Would like to verify on BP and seek critique for any assumptions I'm making.
PROPERTY INFO
Property ...
John Asher
DSCR loan low rental appraisal?
I just got an appraisal back for a property I am trying to cash out refi. I bought it for $100k and the appraisal came back at it being worth $210k but only worth $1000 a month in rent (the rental comps are nowhere n...
Justine Scheuher
$1200 for a CPA a reasonable amount for W2 and small LLC?
I used a CPA for the first time and just got my bill $1200. I am a W2 and have LLC with 2 properties that I've kept good records for. My return was only for $1,200...
Dannielle Givens
Are you lowering your rents for new tenants?
Hey BP Chicago Fam, I recently read this article on redfin and wanted to get feedback from those more experienced than myself. The article basically states that asking rental prices have seen a decrease and areas such...
Kevin Wheeler
How often should you 1031
I'm new, but it seems to me that in general Real Estate doesn't make much sense without loans. It seems that by using your cash as a down payment on a loan, you are able to get a bigger property with better cash flow,...
Richard Dee
What % discount to buy a non-performing 2nd note?
I am looking at purchasing a non-performing 2nd note on a property that is barely above water on the 1st mortgage. It hasn't been paid on in over 8 years and am curious what the typical discount would be for a $110k...
Brittany Hilt
Where to move in Atlanta?
Hello! My husband's job is relocating to Alpharetta so we are looking at purchasing a home in the Atlanta area. We explored some areas and liked Martin's Landing in Roswell and certain neighborhoods in Atlanta like Ca...
Sean Bizjack
Trusted Turnkey Providers
Who out there has worked with a turnkey provider who provides investment opportunities for SFR, duplexes, triplexes, and quads? Please only recommend companies who you trust in word and deed and have high cash flows w...
Andrew B.
Checking my math on 1st deal for turnkey near Little Rock, AR
Hi all,I am trying to make sure my calculations with my due diligence are accurate upon selecting my first deal for a SFR rental that would be a newly renovated turnkey managed by a PM. I recently fed my numbers throu...
Nathan Barshinger
Analyzing a rental properly
I'm having trouble analyzing properties. I'm trying to analyze one every single day, just something on the MLS, it doesn't have to be a deal. However, when I look at the property description there's a lot of missing i...