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Hello all, I'm buying a rental property that I'm going to move into from my grandfather at a discount. When I told my lender he suggested I use a "gift of equity" as the down payment and that way I wouldn't have to co...
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Greetings fellow BP members. I've seen a lot of posts regarding questions on what cities are getting fix and flip investors good returns. Let me share how the Chicago Land area currently looks. Please share ACTUAL num...
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Hello I am here to buy and hold a few sf homes as a side project/new career entry. I am especially interested in negotiating homes in the preforclosure process, or maybe note purchases. I see some guys (likely members...
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Hi, all. I just bought my first owner/occupied duplex at the end of March, renovated it, and signed a lease for the lower unit while my partner and I live in the top unit. As of now I don’t have an LLC, but am wonderi...
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I seem to be encountering more discussions re: cities either proposing new lead abatement laws on rentals, or who have already passed lead abatement laws.
My question is directed to investors (mainly those with r...
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Spent 3 years managing SFH around the SE suburbs on the city. Loved the pace but was ready to try something new. Went on to manage a senior living facility handling tax credit residents. Definitely was not for me! ...
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I'm just starting out and am analyzing a property that is a 2 unit place in Harvard, Massachusetts. I'd be looking to buy+hold, update and rent out both units. My question is would you go anywhere near this place gi...
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Hello, we completed our first house flip recently. We were doing it as our first foray into real estate investing for my husband's carpentry and renovations business. Did not charge HST on the sale of the house. Do...
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Hi everyone, I have a quick tax question I'm looking for some guidance on regarding a duplex. The top unit is rented, and I am currently moving into the bottom unit. I plan to do a few upgrades (mostly cosmetic) to th...