Evan Cruz
After Repair Value Question
When estimating the maximum purchase price of a rental property using the 70% rule, do I subtract only estimated repairs from ARV*.7 when calculating the maximum purchase price or do I also subtract pre-rent holding c...
Gary Wright
Risk on Contract for Deed, Subject To, Assumables
I was studying material provided by Brian Gibbons last night on Money Section. I haven't finished reading yet, but noted the following questions while I was reading:1. Is it practical to do Subject To on HOA Liens? ...
Francis Rusnak
Insurance brokers taking extra?
Have a homeowner insurance broker who is quoting us for our flips and rentals and he's giving good rates; better than what we have currently.
My fear is he is able to maneuver the rates so they look like a good disco...
Grant Viola
Bad News for Chicago Wholesalers
JB Pritzker just signed a bill limiting 2 properties for every wholesaler here in IL. At ILGA.gov you can read the letter of the new law in SB1872 - as amended - Section 1-10 (5)
"(5) Whether for another or themselve...
Clarence Johnson
New Member from Massachusetts
I am a beginner and I would like to get started in investing in long term multi family RE with little or no money down.
Blake Piedrahita
1st House Hack in HCOL Area
Investment Info:
Small multi-family (2-4 units) other investment.
Purchase price: $322,000
Cash invested: $5,000
Combining the strategies of 'house hacking' and 'live in flip' I am living in the mai...
Darrel Henegar
Does real estate still excite you?
Has 2020 affected your ability to grow like you planned?I feel like we was able to do better this year than we projected.Did anyone have to try a new strategy, and succeeded?Hoping to share some encouragement..
Benjamin Sussman
How to get the snowball moving faster
I’m a newbie real estate investor from Chicago. I bought a 4 flat in Chicago at the end of October and I’ve now saved up enough cash to put 20% down on an investment property in the same area as my current property. ...
Don Wortmann
Dodd Frank compliant Lease Option Sale
I understand to stay Dodd Frank compliant I need to keep lease separate from option to buy.Do I collect a security deposit on the lease? And collect an option fee also? If I collect an option feeand the t/b follows th...
Brian Gray
Backing out of a deal.....
I have an opportunity on a house (first REI opportunity for me) and have been advised by some folks to just "go get it under contract, then take it to the BP Marketplace."Clearly risk there.What are the ramifications/...