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Hi Friends,
So....as an out of state investor investigating my next market, Chicago has made it to my short list. I've been warned. And warned. And, I've also heard from some Chicagoland locals on BP not to believ...
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So, my first property in my REI journey is a house hack. 2 weeks ago i signed a lease with a tenant and i literally got a call while i'm out of town that he is going to be breaking the lease. We signed a 6 we...
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A friend of mine is looking to relocate to Chicago for a new job. I used to live in the Midwest (metro Detroit) so he asked me, but I don't know Chicago that well. I pointed this out to him on a map. Still, I figu...
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When I was 35 I set my first real estate goal: to own a multi-unit commercial building by the time I was 40. I'm an accountant, so I knew that I would have at least one tenant. I also had some particular areas of town...
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Hey All,I have very few comps because of how different my local market is from the rest of Oak Park so I'm not able to easily look at comparable units w/ and w/o HVAC in my area. I know that I'll cut down on my paymen...
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A mentor of mine with 400 units had said I can use a large seller credit to cover most of the down payment on a property I'm looking at. The DSCR lenders and Commercial bankers I've spoken with don't know what I'm tal...
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Investors, and in particular those that do *not* manage their properties - how do you track your properties? Is there a program or software that allows you to easily observe all the properties in your portfolio, as w...
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To my fellow Chicago investors, wanted to share that the city is now posting a list of "problem" landlords online. The city's rationale and list is linked below. Interested to hear thoughts on this from other people....
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I have been hosting on VRBO here in Winter Park, CO (my home away from home in GJ) and have been doing well with the revenues on the condo. I am really liking the renters. For the most part people have been great. O...
I suppose I could ask my cpa but Ill see what you guys think on this first so he doesnt bill me for consultation fees...situation: my partner and I wish to finance a property. due to the deplorable lending market, its...