Alan Mills
Real Estate Agents: What is and is not written in the contract
Hi REALTORS,This is a question about a real estate transaction in Colorado:While most of my conversations usually surround real estate investment strategies, this time I have a question in regard to purchasing our nex...
Harmony Romano
Cannot find decent COC return for multi-units in Chicago North Side - Need Advice!
I am a new investor looking to get a multi-unit for long term rental. I live in Chicago's North Side so that is where I have limited my search as I understand the neighborhoods better. Whenever I calculate coc, the ve...
Bill Mitchell
Average Cost for Kitchen Granite Countertops?
I am thinking about purchasing my first flip here in DFW. I am trying to do some long hand repair estimates, and I was wondering what is a conservative $ estimate for your typical kitchen to have granite counter to...
Kyle D.
Question on digging into the details
I am looking at an apartment and I noticed on the P&L the owner is including the mortgage interest as an expense reducing his NOI. I thought that should come after NOI. Is this a win for me?
Nate S.
Buying my first rental property
Finally got sick of my money sitting in the bank,getting bored,and want to get in the game of real estate.What I'm asking is as a first time investor in rental's would like to read your advice for what I should look f...
Chris C.
Building a 14 Unit Apartment: Cash Flow Proof of Concept
Hello PB,My Partner Mike and I (Chris) are moving steadily through our first deal. We acquired through seller financing a two-story mixed use commercial property totaling 8,000 sqft, located at 77 South Street, Bethe...
Kathleen Hendricks
Online rent collection
I've been using Cozy.com for rent collection (11 office/retail suites and 15 residential units) but it's a little clunky and some tenants are challenged using it. Would love some recommendations for electronic rent ...
Rashaniqua Cason
Pulling Equity from property
I have a rental that is free and clear. Which I have had it for 2 years recently moved out and put a renter in. Now that I’m receiving cash flow from it would it be smart to get a equIty loan or equity lIne to buy an...
Steven Lebischak
When to apply the 50% Rule
While reading the Ultimate Beginners Guide I was introduced to the 50% Rule and the 70% Rule, and the 1% Rule I have heard was bumped up to 2%. I like the 70% Rule as a good guide to make sure you are getting a good d...
Chris Connery
Splitting taxes/income between LLC members
Hi all,IS it legal for one member of a dual member LLC to claim all of the income/pay all of the taxes on their tax returns. Leaving the other partner not claiming the income/ not paying the taxes. This of course has ...