Long story short, we had a sewage backup in the basement at one of my properties. The plumber came out and fixed it and recommended that the tenant flushes twice on their solids due to the pipes being older. Tenant is...
I was just informed that the insurance for one duplex (with an outside stairway to the upper) will cost as much as two other mixed residential/commercial properties combined. Anyone experienced this? I had Rural insu...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $350,000
Cash invested: $30,000
Sale price: $589,000
This was my first deal! It was supposed to be a short term...
We own a 3 unit building in Chicago. Do we need to keep security deposits in a separate bank account? Any information I see on the matter only references larger properties. Just wondering if there are any rules smalle...
Hello Everyone,
I have a quick question, please help
How do loan officers help when it comes to investing?
Hi all, I have an opportunity to work an owner finance deal for my Seller client. We have secured a qualified buyer and both buyer and seller have come to terms (price, down payment, int rate, amortization, closing d...
HiI am currently searching for multi unit properties to purchase, specifically property with value add potential in the midwest. I am looking at some properties that would most likely achieve higher rents with some up...
Hey all! There's an amazing vacant and off-market parcel I'm vying for currently for a project I've been working on and in spite of best efforts (letters, door knocking, phone calls, etc) myself and my agent have been...
Due to unforeseen circumstances discovered by the lender, I as the buyer had to ask the sellers to extend our closing date to the following week from 11/15 to 11/22. Seller agreed to extend if I terminated my unilater...
Hi All, My husband and I are partnering up with another investor and are about to take on one of our first deals, besides renting out our primary residence. We are purchasing a townhome in an urban area. The agreed pu...