I'm the owner of a 4-plex that shares a rear paved "street" with 5 other 4-plex owners. The condition of the street has degraded over the years to the point where we now need to do significant work. I'm wondering if...
How do you decide on the land/improvement split on new acquisitions? My purchase price is about 30% higher than the tax appraisal basis, but the county conducted an tax appraisal in 2015 (last one had been 2012). Ca...
Hello BiggerPockets!I am a high school teacher on the South Side of Chicago and students have brought my attention to two gang/drug houses on streets adjacent to our school building. 6 of our students have been robbed...
Hello! I am in the process of improving my credit score (currently at a 700), I am paying off debt, good income to debt ratio, an credit utilization on time payments, etc.
But I would like to expedite the process..
...
So I am about to be a proud new landlord and am wondering what others have done to lower their cost of insurance on older (1900 ish) multifamily rentals. This will not be a house hack just a good old fashioned investm...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $129,000
Cash invested: $29,800
3/2, 1200sqft SFH with detached garage and great backyard in a solid working class ...
As an investor, I've completed a number of 1031 exchanges over the last several years, and as such have become familiar and very comfortable with the process. I also find them be a great tool to creatively structure d...
Don't over-improve rental property. To keep your cash flow at optimal levels, don't spend too much on upgrades for a rental property that will likely need maintenance and repairs during turnovers anyway.
Hi,I own a couple single family rentals and a primary residence (PR). I want to turn my PR into a rental and purchase a new smaller house to live in. I'm going to have to invest quite a bit of money into my PR (thre...
Hello BP,I recently did a small amount of improvement (<$1000) on one side of a duplex that I am now living in. Projects included installing vinyl plank flooring in two rooms, refinishing kitchen cabinets, and inst...