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Hey Illinois BP investors! My wife and I just got started with our first rental property in a small town in central Illinois. 2 duplexes for about $45k per unit. We're new to the game, so I am soaking up as much knowl...
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I'm looking at an STR that has been on the market for some time. Looks like it was purchased in 2019 and on and off the market since 2021. I am very interested in approaching the seller with a seller-financed deal or ...
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One of the major considerations when buying a home is the down payment. A down payment is the amount of money you pay upfront when purchasing a home. It is a percentage of the home’s sale price, and the rest of the pa...
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Hello,
What am I missing. Seems like NNN is a
Slam Dunk At 6-7 Cap Rates.
If you can borrow at similar costs to
cap rates and put 30-40% Down. Seems like a no brainier.
For Example
$2,000,000 property at 6.7...
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I have a home I am wanting to sell that has a great interest rate with a conventional loan.
I would like to make this loan assumable so that the interest rate will help it sell fast.
Also curious if I can increase...
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Hi,Looking for some advice. I bought a rental sight-unseen 3 years ago through a friend. The purchase price was 56k, which, in retrospect was rather high for what it is. The first year was great and brought in 950/mon...
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Have you ever wondered if you’re paying too much in taxes? For buildings that are mixed-use meaning to have areas that qualify as both commercial and residential spaces, the tax law can be even more complex and confus...
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I am thinking about taking out a HELOC (~$1M) to buy rental properties. I do not have any rental properties in mind yet and am planning to apply for a HELOC, after approval I will then look for suitable properties to ...
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I'm looking at a new property, and the outside looks over grown and dumpy. It's in a pretty decent location.I've read somethings on BP about how to increase rents by rehabbing the inside of a property, but any one hav...
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I am preparing to rent out my property. It has a washer and dryer hookup. I am wondering if I should include a washer and dryer with the rental.With a washer and dryer in the unit there is the potential Pro of increa...