It’s about what buyers in that area are willing to pay for the difference in land, not what looks better on paper.

A cheap 25k house that rents for $850/month on paper might sound good at first.

But for Chicago’s tenant-friendly setup, the paper trail really is your best friend.

I have the county assessor wanting a Certification of trust form filled out due to one of my properties being titled in the name of my trust. in order to avoid reassessment.I’m wondering if I really need an attorney To prepare this for me, since it appears to be such a simple form to fill out, and avoid an attorney fee.

It appreciates 10%, so you made $50,000 on paper.2.

To be transparent I had disorganized mess of paper notes, receipts and spreadsheets - it was a huge stressor. 

if you want the basics of being a landlord and dealing with teh day to day, they brandon's original book on rental properties was the one that made me realize "oh it is actually just this simple" the numbers in there are likely dated at this point but the principles are the same.most of this industry and world is relationships, and communication, so candidly if you want to be successful spend some time studying how people make decisions and what goes into market trends and manipulation.  

But if you can make it hyper-local, customizable, and dead simple to use, then it’s less about competing with ChatGPT and more about giving investors a tool that speaks their language in their market.Curious — how are you thinking about the renovation cost side?

Keep lenders and potential LPs warm with a credibility packet: simple story, three past deal snapshots, and your underwriting template.

They purchased using a program that finances 100% of your purchase/rehab on paper, and takes a 15% deposit as cash-collateral that they hold until you refinance.• $60k purchase• $35k rehab• $95k total rehab loan payoff• 15% deposit = $14,250 "down payment"• $126k ARV (confirmed via refinance appraisal, borrower expected this to be higher)• 80% rate/term refinance ($100,800 loan) @ 6.75% [700-719 FICO]• Applied $4k of deposit to payoff for an updated payoff amount of $91k• Cover closing costs with 80% r/t refi + $2k back to borrower at closing (still considered a r/t refi if under $2k) + remaining $10,250 deposit reimbursed after payoff = $12,250 total back to borrower• $4k of his deposit + closing costs for rehab loan = his "cash" in the deal• $1,250 market rents• Total PITI = $765.62• DSCR = 1.6327 I do not see the hold costs.