Hello guys and gals,I am currently in the process of purchasing a 7 unit complex (built in late 1800s). The building consist of 4 studio units and 3 single bedroom units. Each Unit ranges from roughly 500Sf-650SF max....

Would you purchase a property in Chicago with a non-conforming or illegal unit? What are your exit strategies if an issue comes up? What are the insurance or legal risks? Would you purchase the property valuing it wit...

I will be closing on a 4 plex apartment building this month. Each unit in the building needs new windows and could use some updates to the kitchen and needs new carpet. IRS rules require that repairs, when done as par...

Newbie here. Any tips on getting quotes from contractors on rehab? I've sent out photos and scope of work to contractors to get quotes but I get no response back once I send it. I don't have the option of taking every...

Hi Everyone,

I am finishing up the inspection period on a duplex in Minneapolis and there are a decent amount of health and safety issues including mold/moisture in the occupied unit. I got a quote to fix it and it's...

I have a property in Port Charlotte Florida. The garage is seperate from the house and 720 square feet. What's the best way to figure out if its worth it to convert it or not? I see the market rental going through the...

Hi everyone,I am new to real estate investing. I decided to purchase my first house for a flip a few months ago. I purchased the house, built in 1950, for $49,000 with funds from my newly formed Self directed IRA set ...

BiggerPockets Members,I am a new investor seeking a location (or "farm area") to purchase my first multi-family property (2-4 units). My plan is to move to the location and finance with an FHA loan. My goal is to live...

Hey everyone!

I have a 12 unit value add deal under contract. This is my first step up to real multi family. I currently have duplexes and single family rentals.

About the deal:
725K purchase price
108K gross rent
...

1. Is it a good time to start investing in real estate because the interest rate is so high?2. How to start investing in real estate when I live in a very expensive area？ (Seattle WA)