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Need some advice...Im renting a condo unit and have gotten lots of interest but seems like every time I run a credit screening Im seeing very low scores (with substantial old debt). Im starting to think Im being too h...
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Grateful to find this site! I have some equity in my home and am currently trying to decide wether to cash out refi or HLOC to invest in an ADU in my backyard OR use to purchase a separate property, SFR, condo, vacati...
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I won't even try to convince anyone who wants to own a multimillion-dollar real estate portfolio that they can easily do so within a few years. In the process of acquiring a multimillion-dollar investment portfolio ov...
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I don't understand how investors say I dont pay taxes, is that for the advanced investor with many properties or assets? I have 3 buidings and from what I gather, I want to show on my schedule E that my buildings are ...
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Good morning everyone.
I was wondering how long you HAVE to live in a home if you househack. I know it is illegal if I would never plan to live there but is there a set time you have to live there? I would appreciate...
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So I just recently purchased a duplex back in May of this year, we have inherited the tenants who have been there for years and they seem to be good and even paying rent early. One of them brought it to my attention t...
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Hello BP Community,I have some regular tenants that caused water damage to my bathroom floor and drywall as well as the downstairs neighbor's bathroom roof because they were filling a water can and forgot to turn the ...
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Hi everyone, My name is Jim and I’m just dipping my toe in to real estate investing here in the northwest suburbs of Chicago.I was an electrician for 15+ years, a small business owner (a restaurant/bar), and spent a c...
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I have a vague understanding of the concept of wholesaling properties - i.e. the wholesaler finds a distressed property and/or motivated seller, puts it under contract with the right to assign, and then finds a buyer ...
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Hi,
I am a new real estate investor. I want to know what is the best way to start investing in real estate, particularly in multi-unit properties. I am looking for good residual income and appreciation. Th...