17 April 2025 | 13 replies
If it's possible house hacking a 2-4 unit and using a renovation loan is the cheat code to get started - don't worry about hitting a home run just find something where you aren't negative cashflow is you move out - that was just my model that worked well...As others mentioned check out some of the in-person events - here is a list of some Chicago events coming up: https://www.biggerpockets.com/forums/521-real-estate-events-...
16 April 2025 | 19 replies
You could request it all at once if you choose to set it up that way.
16 April 2025 | 0 replies
Purchase price: $350,000 Cash invested: $96,000 Picked up this 4-plex in North Syracuse from my grandpa the day after Christmas 2024.
16 April 2025 | 17 replies
They want to pick up the phone and call or text and get an instant response from their cleaners.
14 April 2025 | 7 replies
I follow the property rehab through a company cam that gets updated regularly, so I am aware of the work that is going on and the product I’m receiving before and after.
11 April 2025 | 6 replies
Quote from @Alex Ross: Hey all, I am writing this post for anyone who would be interested in setting up a time/location/zoom meeting for people to come together and cooperate on projects, questions, or anything they may need to, am open to ideas, feel free to reach out.
10 April 2025 | 12 replies
You're following the same path that I followed Jaron.
12 April 2025 | 13 replies
So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.
14 April 2025 | 26 replies
Which brings up the fact that I hope you’re getting a discount off what it would sell for on MLS.
16 April 2025 | 8 replies
That will mean you'll need to come up with 56k down.