Hi all. I am under contract on a Chicago property that has 3 cashflowing units but the zoning cert says it is only a 2-unit + commercial space (which has been turned into a 3rd unit. It is zoned RT-4). I am wondering ...
Hi BP community, this is my first post! I am looking for a 4 unit multi-family and have identified some candidates. I want to know if using 7% (of gross rental income) for repairs, 7% for cap-ex, and 7% for vacancy is...
I need recommendations for snow removal. Used to do it myself but pivoting now to hiring this out. Have a couple of small 2-4 unit properties in Albany Park and Lincoln Square, about 10-15 minutes from one another.Tha...
Good afternoon! Im currently under contract with our first investment/house hacking property and we have come to a small halt. The property we are looking to buy seems to have had an addition added to the top making i...
Hey all! I am considering getting a 203K or Homestyle loan to house hack a 3-unit property in Chicago. I know that the 203K is not competitive in this market, but I am wondering if a rehab loan is a terrible idea beca...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Albany.
Purchase price: $219,000
Cash invested: $54,750
Sale price: $219,000
Large 3300 sq. ft., 8 Bedroom 2 Bath, His...
Wanted to introduce myself to the BP Community.I acquired my first 3-unit property a few months ago in Albany, NY. I'm looking to acquire more properties in the near future, and would like to connect and potentially p...
Hello all,
I just purchased a legal 3-unit in Logan Square/Avondale area (Thread). Big kudos to @Henry Lazerow. I’m a bit handy and will like to do as much work as I can because I want to learn and be better.. of co...
What's the best property management software for owners of smaller number of units? Like 25 or so units? Thanks, JT
Hello BP,I'm a beginning investor and waiting on my pre-qualification to come through from a lender (should find out on Sunday), and I'm working hard to build a really solid team that I can trust. A little backgroun...