James Allen
House Hacking out of state with FHA
I want to house hack a Quadplex in a different state. The only thing that concerns me is getting qualified for an FHA loan. I've been told so far that I won't be approved cause I need to work over there and show pay s...
Wesley W.
Multi family shared yard
Hello all,Here's a question to you small multi family landlords that have properties with a shared yard. Specifically, what is your policy on its use as well as the use of tenants' items therein?Some context...I have...
Kenny Mullen
I'm very new and inexperienced but I'm eager
I have no experience in real estate at all. I am 23 and live in Indiana. I am very eager to jump into real estate. I currently work doing logistics for a trucking company. I read books such as rich dad poor dad and th...
Mike R.
Is accepting ONLY electronic rent payment illegal/discrimination?
curious if we included as part of our tenant eligibility requirements that any payments (late fees, rent, utilities, etc) made to landlord MUST be in electronic form (i.e. wired) considered discriminatory or illegal? ...
Benjamin J Paoletti
Age of Multi-family buildings in Chicago
Many of the multifamily properties listed in Chicago (in the $400k-$600k price range) are built between 1890-1920. I noticed many of these foundations have settled, cracks in plaster, dips in the flooring, etc. If the...
Jing Liu
Looking for an agent
Hello everyone,Very nice to be part of this group. My name is Jing, and I am new to real estate investment. I am located in MI and would like to start my investment from MI. I am mainly interested in the Midland area ...
Chris P.
Advice for MFH in Chicago
Hello all,New to the BP community and already finding it a wealth of knowledge. I've lived in Chicago for almost 20 years and just getting into real estate. My day job is in performing arts management but I've alway...
Jeremy Petersen
Question about qualification of a 1031 property.
Hello friends, 3+ years ago I purchased a piece of commercial property that I converted into 3 residential units with the intention of holding long term. Now things have changed and I have the opportunity to turn the ...
James York
Section 8 office response
I’m curious what others have experienced. I’m planning to list 4 homes for section 8 because they’re paying a little better than market rate. A friend has submitted his to the section 8 office with almost no communica...
Ed McIver
Buy and Hold with gravy
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $105,000
Cash invested: $30,000
I was contacted by a wholesaler who had a lead on the property. The property...