Just curious if someone could explain to me how the 20% tax credit works for an old building. My husband and I are looking to invest in a 100 year old 2-story building in the downtown area of our small town. The buil...

I’m just curious, Is a brokers license required in Ohio to complete a wholesale transaction through assignments?

I have a friend who is under an owner financing contract. Here is what I know for details on his contract:
$12,000 option paid 2 years ago.
$38,000 balloon payment due very soon.

He can't get the financing and is con...

I know I already posted an introduction, but I wasn't sure where else to post this.  I'm addicted.  I love this process of taking a complete dump that has been neglected and turning it into something nice.  I love the...

Hello BP Friends,I  just closed on my first multifamily property (out of state) and one of the units is currently occupied with a month-to-month tenant. I have mailed a formal introduction letter letting them know how...

So long story short I have a friend in Florida that is selling his house. They signed the contract for it 4 days ago, but yesterday his wife was put on bed rest for the next few months. So they will not be able to mov...

We are a team who are venturing in to constructing a multifamily unit from groundup.
We don't have any prior experience in construction and are looking for financing loan options. Does any one have any leads on lende...

Hi there! I am currently prepping for the State (Illinois) and National exam after completing a 2 week accelerated course. I've purchased 'Examsmart' and am scoring in the upper 70's on my practice exam (my weakness p...

Hi Everyone!
Currently, I have a 10 unit apartment building being renovated. I issued a draw to our HVAC/Plumbing contractor to get this project to the rough-in inspection.  The HVAC is ready for rough in and plumbi...

Has anyone ever been in this situation? I'm renovating a triplex I just acquired, in a neighborhood which is currently going through transition from low income to high income.  The problem is it has been a low income ...