Lesley Resnick
How do I price this?
There has been a lot of discussion on BP around rent to own, lease to own, etc. I have offered this type of deal on a few occasions, but it was never accepted. We all are big fans of the idea of, give me a big down ...
Chinedu Akunne
Pay to split water meter? Or Surcharge tenants?
Analyzing some deals on ways to increase cash flow on multi-family properties...One of such deals is a 5-plex, with one water meter. Current landlord pays about $60/unit/month on water, sewer and garbage. That's $300/...
Cody Lindstrom
To buy at 7% or not to buy? That is the question
Our HELOC on our primary finally came through and it appraised at the top of the market! We are pleased with that 1.25% minimum pmt at @7% interest, 10 year draw with a balloon at the end. We are excited but also ne...
Jason Krasavage
Chicago Rentals - 2021 Property Tax Hike, Passing onto Tenants?
Curious about everyone's thoughts on this. 2020 was a weird year for so many reasons, but one result of the pandemic here in Chicago was a temporary decrease in Assessed Value of properties for the 2020 fiscal year. O...
Marielle Walter
Is doing "for sale by owner" detrimental for a home sale in NV?
Hello! I am for the first time trying to do a "for sale by owner" sale to sell a family home. I posted the house to Zillow, but have not had contacts yet. I wonder if the price was just too high at first (we lowered i...
Alfredo Chavira
Question about paying off student loan versus investing
Hello, I am faced with a decision and would like some advice. I currently have a full time dependable job and about $13,000 saved up. I am wondering if I should put all of my extra income (amount of money left after a...
Grace Wang
Finally got my first deal under contract, but start self doubting
I saw a expired listing for a 4-plex on MLS, and the asking price was 285,000. The first thing jumps out at me was this is the first 4-plex in the area that is under 300,000, The quoted rental income was 780/unit/mont...
Fletcher Clardy
Moratorium Effects 2021
Wednesday, May 6, 2021, Judge Dabney Friedrich overturned the national eviction moratorium that the Center for Disease Control and Prevention had put in place on September 4, 2020, due to the Covid-19 pandemic.
If ...
Will Mejia
Fixing current rental or selling?
I own a 2 flat brick building in Chicago. Over the years some brick cracks and other outside work has accumulated. Some concrete areas around the building need to be fixed. I would guesstimate 20-40k in repairs. I h...
Jeremy Segermeister
Thoughts on leasehold units?
Hi All,Curious to get everyone's thoughts here on buying leasehold properties from an investment standpoint. I'm looking to purchase a condo in the $400-$800k range, and plan on making it a STR. Undecided if I will se...