Fred Mejias
Refinancing (Mortgage or HEL) and tax implications
I am looking to looking to cash-out re-finance my current mortgage. I looked into mortgages and they are anywhere from 70-75% LTV. I was told by a local bank that they can do a Home Equity Loan (HEL) at LTV 80% and th...
Bob E.
Probate Laws in Illinois
So we have a Non Performing note in Chicago and the borrower is deceased. Can anyone advise how I find out who the executor is for the estate? Would this be in public record somewhere?Bob
Allen McGlashing
A tenant pays for a broken door right?
Hey guys so here's the situation about a week ago I get a call at 7am from one of my tenants saying she locked her keys inside her apartment and she needs them to get to work. I gave her 2 options I can call a locksmi...
Luis Capriles
Eviction
Hi all Im a newbie in the real estate game, joined biggerpockets.com about a month ago and just got my first investment property located in Lynn Massachusets (2 family home) I'm a full time chef,full time student and...
Elijah Ochoa
Roaches and Mice in multifamily potential purchase
Hi all,I'm looking for advice regarding a fourplex property I'm looking into buying. Financially, the purchase makes sense. That is to say it cash flows roughly $800 per month after expenses that I would be able to ap...
Patrick Dawson
To Hold or To Sell - pros and cons?
Hey everybody, I’ve got a question or 2 that I need some help with. Roughly 6.5 years ago I purchased the home that I live in now. Like most people, I purchased it hoping that it would appreciate. It’s a 3/2 on a doub...
Daniel Lozowy
How do you find a discount rate for a DCF Analysis
Title says it all. How do you find a reasonable discount rate when doing a DCF analysis. Let's take an example where a value-add project is financed: 60% long-term debt. 4.00% 25-year amo. 5-year term.10% by a junior ...
Mason Aulsbrook
[Calc Review] Help me analyze this deal
View report
Thoughts on this property? This is a BRRRR property. Would you use the Total 80% from appraisal to minimize out of pockets which generates less cash flow or use less and more out of pocket for more cash f...
Charles Wheeler
Hello from Chicago, I just got my Real estate license, now what?
I decided to go the route of attaining my license before I started investing. I am looking for some guidance on the route to take while investing. I live in the Chicago land area. I was thinking of acquiring a 3 or...
Jesse DeArmon
How To Purchase An REO Property
How Do I Purchase An REO Property When the Bank Doesn't Know They Own It?I'll start by saying I've always wanted to purchase a foreclosure but never really had the guts or understanding. But I think I've found the on...