Michael Hartman
First REIA meeting
BP,
My friend and I are going to our first REIA meeting tomorrow and I have to say that I am nervous but also extremely excited. The agenda of the meeting is Real Estate law and there will be a lawyer discussin...
Ashley Pimsner
Chicago contractors rule of thumb for costs to rehab
Hello BP community.I have been looking at several 3 and 4 flats on South side of Chicago and was wondering if some local contractors could give us a general rule of thumb for costs to gut rehab each unit?Light rehab, ...
Eric Roloson
Help! A walk-thru of seller financed deal
Seller is willing to carry a contract for 5 years. We agreed on the purchase price of 60k with 6% interest for 5 years. Smaller down payment to cover closing costs (negotiable). Balloon payment at the end to pay off o...
Peter Tavolacci
How to switch management companies?
Hello Team - what is the best way to switch management companies? We currently have two management companies covering our rental properties and we are thinking of consolidating all into only one of them and halting bu...
Phillip DeBernardi
Income consideration for a multi-family loan
I have been a real estate investor since 2009. I started with one duplex and now own 5. I am interested in attempting to obtain financing to purchase an apartment complex. Being unfamiliar with the process of obtainin...
Enrique Roth
How we overperformed our target ARV
There are probably many posts that contain similar information to this one, but I thought it would be of value to future and existing investors who are starting their journey.We recently completed rehabbing a duplex w...
Trevor Fritz
Buying in the Chicago Area
Hello to all my Chicago investors (and everyone else). I currently am looking for some guidance to help me narrow down my search for my 2nd property. I currently own a condo unit in the NW suburbs, but am looking for ...
Richard Davis
Emotional Gut Check for a Rookie Real Estate Investor
So, I just started listening to the podcasts BiggerPockets and Real Estate Rookies to and from work and any time I am in the car. I read Rich Dad, Poor Dad. Now reading The Multi-Family Millionaire Volume 1. I am abou...
Timothy W.
EPA Lead Certification - MUST READ
This was discussed before but not in enough detail.
"After April 22, 2010, property owners who perform these projects in pre-1978 rental housing or space ...
Richard Valdez
Use VA now for single family or wait.
Hello everyone name's Richard. I'm currently renting and rent is being raised. My plan was finish my last 2 yrs of college then use my VA loan on a multi-family to house hack I have a wife and two daughters so don't w...