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I currently own a pre-fire 3 flat (aka VERY OLD, 100+ years) in a very desirable neighborhood of Chicago and when we purchased it, we purchased it for the land value (tear downs all up and down our block). The house i...
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Dear BP members,I was wondering, what factors could possibly affect a property's value?If there's a public school across the street, is it a plus or a minus?If there's a bodyshop next door, is it an advantage or disad...
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I've got a 5,500 sf vacant lot and unapproved (not submitted yet) architectural plans for a tri-plex I'm looking to build. The builder I had lined up came down with COVID and doesn't think he'll be close to 100% any t...
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I'm in the process of buying two brick side-by-side duplexes in my neighborhood for $568K (4 Units/3BR/1BA each- Currently renting for $1200, comps in the neighborhood rent for $1800+). A very similar duplex just sol...
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Hello All, I am a first time poster, but have scoured these forums and read a lot over the last year. I still have some questions. First off, I do own my own communications company currently, but am looking to expand ...
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Ive found a house that Im interested in buying, however its priced inexpensively because it needs foundation work (thus the title of my discussion). Ive called around everywhere that I know of and cant find any fou...
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While discussing multifamily investing, the question was asked what are the most important issues when doing due diligence. When we analyze potential deals we look at:
*Last 3 yrs financial statements, occupancy, con...
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We found a great, recently redone 4-plex in a location that our property manager says is ideal. The sale is as is and will be our first long-distance property that we will not see before placing an offer. We found out...
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What Would You Do? Knowing what you know now from experience ?So i was having lunch with a friend of mine the other day and he said something that I know but at the same time really hit home. He told me that you cant ...
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A few days a week, I catch myself looking through the commercial forum for articles or posts of people making investments or asking questions on industrial/warehouse style buildings. With the lack of information on th...