Hello everyone! Been reading these forums for a while, first time posting. So let's get right to the point: I have a half acre lot Chicago (Rogers Park). Building was crumbling, so had it demo'd and fenced in. I purch...
Hey! Can you share you best and worst collection experiences? Particulary once the tenant has been evicted for non payment. What tactics work and what doesn't?
Unknown to me, property manager said ok to tenant to move some larger furniture in 5 days before start of signed lease. I found out when house alarm went off at 2, 3 or 6 am. Tenant moved stuff in, had keys, and decid...
What % should expenses be in relation to gross rents for multifamily properties. For example: While evaluating a deal, for the sake of easy math, a multifamily property has gross rents of $100,000. The Actual or Pr...
I bought my very first piece of real estate 3 months ago. Its a 3 unit apartment I got a great deal on, awesome tenants and things are so far running smoothly. I have my eye on a second property. A 6 unit up for sale ...
It seem that every time I reach out to someone for help, they always have their hand out looking for something in return. I know we are all out here to make money but come on there has to be someone out there that jus...
I was driving around to day, and going door to door knocking in hopes of finding leads. I did find on really motivated seller. He purchased his home 13 years ago. The ARV of the home is $135,000, he owes $60,000 accor...
I was just wondering today about the possibility of "business hacking" - whereby an entrepreneur that needs office/retail/commercial space to operate his/her business might buy a small office piece of commercial real ...
I have seen a number of post where members would like to undrstand why & how the BRRRR Strategy works. Below, I attempt to walk through the logic of How & Why (this is my approach - keep in mind with math you...
Hello all!I am looking for information related to several aspects of multifamily investing and I'd like someone with actual experience to answer these questions:What are the typical closing and other transaction cost...