Getting ready to close on a 2 flat brick building in Chicago. I've cranked away on the numbers and they look good enough for the property to just barely float using the 50% rule. (Assuming I only receive income from...

Hello everyone,I'm currently rehabbing a house. In fact, it's my first rehab, and I just got an estimation date for how long it would take to complete the rehab, 15-20 days. I don't have much experience with how long ...

I am wondering if there is any regulation that requires one porch light per unit? Since owner is responsible for maintenance of exterior, less fixtures the better. Porch light might anyway make the apartment look bett...

I am an attorney in NC/SC with a very active Loss Mitigation and REO practice, which covers the whole state. Last month I closed 10 Short Sales and about 20 REO deals.

I advise many real estate brokers who are negoti...

The new tax law made it so that the gain on the sale of personal property can no longer be deferred through a 1031 exchange (1031s can now only be used for real property).Likewise, the new tax law made cost segregatio...

My in-laws are moving to the US from another country.  They would rather not go through the paperwork hassle of purchasing another house here themselves; they would prefer that my husband and I purchase a house in our...

Greetings! I've been lurking and reading off and on for a few years now and just decided to get active. This is a great community of some very knowledgable people. I hope to meet a lot of you and hopefully even make s...

I am currently making about $350,000 of rental income profit per year. I am a full time, licensed realtor. Will be selling two properties that may generate about $700,000 of profit. Being that I am a full time, licens...

I’m learning some states have laws against door knocking pre-foreclosures/distressed homeowners. I see a lot about “equity skimming” which is very specific and doesn’t mean every investor is looking to skim because th...

Hey BP community, wanted to know if any of you have any good resources that clearly map out laws/stipulations of operating an air bnb out of a property in Westchester, NY?

Thanks for the help!