Tom Casey
How to calculate income from Section 8 vouchers in Chicagoland
Hello BP fam!!Hope everyone is having an excellent day/week/month/year!Today I want to talk about how to calculate how much monthly income you'll get if you rent to section 8 tenants with vouchers. So many rental mark...
Tucker Walser
Determining ARV of residential multi family properties
Hello!
I understand that when determining the ARV of a prospective property comps play an essential role, however in some markets determining the ARV of a residential multi family property has been a challenge for me...
Jon Tripp
Alexandria gold mine
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $271,000
Cash invested: $13,000
Sale price: $449,000
Bought this as a property to live in initially and then re...
Simranpreet Saini
What should you offer a partner investor?
When you want to bring in a partner for a deal, say for bringing the down payment, what should you offer them in return? 50% of all rents and equity? Or something more creative? What does a partner actually want from ...
Jarred S.
Move Out Notice Policy
I have a friend in an interesting situation - he provided his property manager (leading agent in a big complex) notice that he would certainly not be renewing over a phone call. He then received a move out notice deci...
Ray Danishyar
PROPSTREAM - Truthful Thoughts??
Hello Team,
I ran into a friend who uses PROPSTREAM - the site looks almost too good to be true based on their claims on the site. From comps, to marketing, to analytics, etc. All these features are time consuming an...
Sooyeon Kim
Bought as a two family but the city says single
Hi bp experts,My friend recently purchased a two family house in the union city, nj. When he applied for permit to separate electric panel, the city said it is a single family and gave him violation for the non-confor...
Charles E Shaffer
Using Virtual Tours for Investment Properties
I talk with Realtors and investors daily.One topic that I like to discuss is using interactive virtual tours (iVT) for Investment Properties (iP). The first thought is always, "not worth it". I disagree.If you focus ...
Aaron Moayed
Real Estate CPA Website Article Garbage? Depreciation Recap OppZo
This guy's article states that depreciation recapture exclusion is not possible with the opportunity zone 10-year-hold:https://www.therealestatecpa.com/blog/real-estate-...Yet these other articles are stating that cap...
Sarah K.
Sell or hold Chicago south side rental?
I purchased an apartment in the Chicago area near my university campus while I was studying back in 2006. Of course they gave a full-time student with no real income a mortgage with just 20% down payment back then. An...