I just won the bid on a duplex that I plan to househack as an owner occupied. I'm working on the inspection and rest of the closing pieces at this time.As I get closer to closing I need to start thinking about rentin...
Hello everyone, I am just starting my journey in this industry, so please excuse my "newbie" question! If I were to receive a loan from any one of the recommended sources, such as private loans, hard money, seller fin...
Hi BP Community,I am currently in the process of closing on my first multi family property, but the issue I’m having right now is if more than 50% of the duplex was damaged the zoning would have to be brought into com...
Hello BP! Does anyone have experience with zoning? I'm looking at a property that is listed as a 2 flat; however when I went on the chicago zoning website, the zoning class is B3-1 which does not make sense since ther...
My tenants of 4 years are moving out and they showed me a hole in the carpetThe carpet is kinda old and I think it was normal wear not anything they did wrongTenants are expecting to pay for it out of their deposit bu...
Hi everyone,
I currently have around 800k in equity on my primary residence and after consulting with my lender can put a 500k HELOC in place. That said, in the event I loose the property to foreclosure or some fina...
Hi,just curious what your thoughts are on renting property on an acre plus vs track home on a smaller piece of land. In your experience how do rents, quality of tenants, and trying to find tenants vary?
Thanks!
So I bought a foreclosed home in auction and plan on paying for sale tomorrow.. I was in contact with the owner 3 weeks ago that said the tenant has not paid him rent in some time and that the tenant was one of his fo...
So I'm buying my first triplex. We negotiated down to $105,000. And we are a few days out from closing and it got appraised at $117,000. What does that exactly mean because the bank told us that means instant equity. ...
Hi everyone i'm Spencer Cleary, 20 years old sophomore currently a student at the University of Maine Orono. As of right now i've just been trying to read and soak up as much information on real estate as i can. Hope ...