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Hey investors! Is there a rule of thumb people use when considering whether the closing costs are worth it when looking at a cash out refi of an investment property?Here's an example scenario I am looking at....to pul...
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It seems that the market in Chicago and Suburbs are quite hot! I'm hearing multiple offers for properties, even if the COC and monthly profit is not worth pursuing, at least in my opinion. For those investing in Chica...
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So my wife and I have had our eye on a forclosure up the street, two weeks ago they reduced the price to 59,000 from 69,000. We though hmmmm... We better go look again. We did and decided to put in an offer on Monday ...
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2020 was my first year owning investment property. I would love to meet with and hire a good accountant and /or tax professional who specializes in real estate investing. Previously, I had always used TurboTax for my...
The more volume we do, the more of the same old lines I hear every day. I literally sit at my desk fielding phone calls from investors who want to negotiate down our asking price-- all day sometimes. The thing is, I h...
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I'm looking at a multifamily 4 unit with a "bonus" basement unit in Illinois. Cash flow wise, it only really makes sense to do the deal with that bonus units cashflow contribution. Are there issues that could come u...
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Hi BP community! Newbie investor here - I'm currently working on purchasing my first rental but having trouble finding reliable vacancy data to include in my analysis. How do you guys come up with your vacancy rates/f...
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does anyone know of a good or better alternative than rent-o-meter for working on finding rental prices for deals you analyse
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I’m pretty conservative and seek to buy rental properties with cash or little leveraging but the concept of lazy equity is bothering me. Any thoughts?
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Hey BP,After 3 long and annoying months of underwriting for my HELOC, it looks like my funding is finally approved and I can start looking for deals. I've been hearing a lot of people say to wait until the Eviction Mo...