Tony Hardy
Just closed an Apartment Building in Elgin and Beverly
I recently brokered a sale at 1566 Mark Avenue, an 8 unit apartment building in Elgin, IL. The sale price was $430,000 ($53,750 Per unit, 7.66 Cap Rate and a Gross Rent Multiplier of 13.04). The property sold for 93%...
Account Closed
Taxes and renting a room out in my home?
I rent a room out in my SFH. It is currently rented for $100 per week. How will this affect my Taxes? Will I be able to deduct a portion of my mortgage and property tax as a cost of business? What other implications w...
James Moore
Rehab estimator software
Does anyone have experience with the Rehab Valuator Lite software? I saw an ad on Facebook today for the Lite version that is free.
Tony Hardy
Just closed apartment complex in Elgin and Beverly
I recently brokered a sale at 1566 Mark Avenue, an 8 unit apartment building in Elgin, IL. The sale price was $430,000 ($53,750 Per unit, 7.66 Cap Rate and a Gross Rent Multiplier of 13.04). The property sold for 93%...
Christine Powell
Square footage & permits
I am doing a flip that has a 480 square foot room off the kitchen, 4 windows, double exit door, sub floor, dry walled, heating vents, electrical outlets. Also has a wood burning stove. It is listed on the county websi...
John Jack R.
How much to spend on the Rehab of a Flip?
I just spent the last two days in meetings with potential flippers and maybe guys who have flipped a few years ago and want back in, or perhaps some want to be flippers. I don't know. But here in Vegas everyone wants ...
E J
What's the deal with finished basements?
From what I've read, it seems like finishing a basement will not add very much value to a home unless it is a walk-out. In some cases, it won't even count towards the square footage of the home. I really don't underst...
Patrick Philip
How to identify commerical property with room to improve?
I can easily search LoopNet and search for commercial properties with high listed cap rates. But what about finding properties that have room to improve?What identifying characteristics should I be looking for?
Lenny B.
What should seller’s agent should do if house is not selling?
Hello everyone, I’m trying to figure out what can real estate agent that is representing sellers can do if the house is not selling? In our case, The house is a bit unusual for the neighborhood. It’s a highly desirabl...
Daniel Brown
Multi family question
Hey guys! I have a 2 part question. First question is how is everyone running comps on mutli family properties for their ARV? Is it by sq footage compared to other homes around it?
Question number 2. I know the brrr...