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I'm looking at an off-market eight unit condo building, but the seller isn't providing NOI, so I don't know the current CAP rate. They've offered a rent roll, but that's just showing the current roll (which shows 3/8 ...
Hello BiggerPockets Community,So I am a complete newbie to real estate investing. I decided to start my search for my first deal (2-4 Unit Multifamily rentals) closer to where I live because I wanted to self manage. C...
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Hi! Wondering if there are any rules in the Chicago tenant ordinance that says tenants can request for photos not to be taken during a semi-annual inspection. We are not taking photos to list the property. We just wan...
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I put in a offer on a 4 unit, 6000 square feet apartment, plenty of potential, but to get into this gigantic house without seller hesitation to accept our offer, our agent put in no inspection clause. First I was to e...
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Has anyone else had experience with a Hard Money Lender charging fees for every draw you take during a rehab?My partner and I are working with a different lender on our second flip. We met them at a local meetup and t...
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I am in escrow for an investment SFR and the home inspection revealed issues with the electric wiring. I got two estimates for repair including fixing a fire hazard condition in the wiring coming from the street throu...
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I recently purchased a 2 flat with basement. The previous owners had a problematic tenant in the first floor who was not paying the rent and ended up opening up several false complaints with the city and eventually le...
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I need some guidance involving what to do for a maintenance check. Tenants have been in the home for 1 year (2 yr lease). We have been in the home on a few occasions for various issues but have never done a specific c...
My inlaws have a 4 unit property that should net around 10K a month. The PM company tell them EVERY month that between 4 and 7 thousand dollars of maintenance/repair is needed. My inlaws say, "well the building is old...
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I just purchased a brick bungalow built in the 1920's. When reviewing the purchase further, I noticed that the roof had significant deflection (approx 6"-8"). When getting in the attic, none of the rafters are br...