All Forum Posts by: Mario Morales

I am working on my schedule E and this is what the year looks like for 2023. I see the numbers and I don't know how to interpret them. I don't have deprectiation in here and the monthly mortgage going towards principal. It's not an NOI but how would a lender look at this or how should I?

@Brian Tome I'm in

I heard at a meetup that same scenario and that the city had to come out as well. Once the city came out they noticed other things with the 3 flat and made them bring things up to code. In addtion, the city inspector saw that there werent any permits pulled. 

Has anyone worked with them or used their portfolio analysis

 Have you been to Chicago? We use the terms interchangeably. I loved how you said "as long as people can fit through a window"... Thanks Melanie

@Scott Mac so this is a three unit building, and the basement only one exit and if I can get another door as an exit, then I'm on my way to converting it into a third unit that I can rent out

@Melanie P. To get it rented as a garden unit or at least start the process of getting it to code

@Noah Bacon I have a question there are 2 sessions , one Tuesday and Thursday are those two separate sessions that are to be attended or do you just pick one as it's the same content?

Are these sessions recorded where you're able to watch them on your own if you're unable to attend ?

Hey everyone, has anyone had any experience in adding a 2nd entrance (door) to an existing garden unit, we have a garden unit that only has 1 entrance and we would like to either add a back or side door, has anyone done this before and what are the potential issues? Happy Holidays!

@Edgardo Jove I have one building in a C class neighborhood and I know that a two bedroom goes for about 13 to 1400 and they do not have quartz countertops or any smart features or an in unit laundry. So what I would do is look at what is the difference in my area between a 1200 and a 1400 unit. That will give you a pretty good idea.  But you also have to really figure it out. I have my units rented out at X, it's a C class neighborhood, if I remodel and add quartz countertops, in unit laundry and smart features and put it on the market for $300 more month I'm not going get that money. There's only so much you can do in the area that you're in. Just look what your competitors are doing and think of yourself as an appraiser you should be able to add or subtract based on what the competition is doing.