Hi, I'm in Chicago. I have very little equity, roughly 10k. My goal is to buy a single family home and rent it out. I guess my question is that is 10k a little too hopeful when it comes to looking for a fairly decent ...
Dear BPersI am considering to partner up with a friend on purchasing real estate properties. In general, I have perfect credit, low DTI ratio, but very busy with my full-time job. He, on the other hand, is relatively ...
Hi, so I just got a 30-day notice that my tenants will be moving out. I plan for my property to be available for rent on August 1. There's one issue, the tenant pointed out that the garage door does not close correctl...
Hello fellow BP’s,I have a novice question. I am looking to buy a single family home and potentially do a brrrr. I have capital of my own and want to partner the deal with a family member. Basically take a loan from t...
When house hacking are you looking for positive cash flow or enough just to pay of your mortgage. How do you properly run the number on a property I know it's a little different than a standard single family home. I c...
Hi!I turned a blighted property into my first rental property. I formed a LLC. What type of insurance coverage do I need for the new LLC and for the property ?Right now I have a cheap vacant dwelling policy but wil...
Hi all, I am brand new to the real estate game and to the bigger pockets family, but hungry and eager to learn as much as possible. Currently located in Florida, I am looking to get going by finding my first rental un...
hello again,
i have worked out a 'soft agreement' for seller financing from a sfh seller.
they own the subject property free and clear. asking price is 475,000. Just in talking and building report, seller offered 45...
When you're hiring a contractor, how do you handle payment. Will they want payment before? If so, it doesn't make much sense to pay until you're sure the work is complete, right?
It makes sense to me to pay half be...
I have a seller willing to seller finance me a condo in Cleveland Ohio. Is there anyway to structure the deal so that I can get the tax advantages . Seller is willing to take $600 monthly payments over a 30 year perio...