Here in Chicago commission have typically been between 2 and 2.5 percent of gross sale price but now with the new rules I have not met any agents willing to take less then 2.5% so what has happened is the listings tha...
I have the opportunity to buy someone's portfolio for a very reasonable price. I tried to just see if the bank would approve me to assume the mortgages and the owner would finance about 300k which would let me come ...
Does anyone have any guidance on this?I'm looking to essentially generate a retirement income. I currently own a duplex that is fully rented and have had it for about 6yrs. I do have a little experience and do all the...
Hello,
I purchased my first buy and hold property late last year under my personal name. I'm looking to start adding more properties later this year and decided I better get a business entity established sooner than ...
How do you calculate depreciation for a residential property?
Hi BP Family!I need you guys' assistance please...so, I've completed my business plan and will be getting my business license in a couple of weeks. I hope to start marketing soon after. I've been going to a few of the...
Greetings fam,A lien release (for a mortgage) was recorded a few years ago on a property. Not a certificate of satisfaction, but a lien release. I'm assuming the property was about to be sold in foreclosure or a short...
Several years ago, I successfully leveraged an FHA loan to purchase my first property in Shorewood, WI. I house-hacked a duplex and now own a single-family home in Grafton, WI while my duplex is a cash-flowing asset. ...
On the 14th of June 2019 New York state passed a lot of new laws for Landlords to follow. I work in residential and this is what I have learned so far from all these changes.
1. Eviction Process: There is now a 14 ...
Hello everyone I'm so new I haven't even started yet.my reason for wanting to jump in to real estate is to make a retirement for my wife and I. I would love to to get 2 or 3 multi families then buy our own personal h...