Patrick Medeo
Multiple Investors Starting from Scratch
There are 3 investors involved and we have a solid starting fund. Collectively, we have limited to no experience in real estate investing. Our goal is to begin investing in income producing properties and build a port...
Scott Dixon
Hello BP community from Champaign, IL
Where I am from:
Originally from a tiny town in north central Illinois called Tiskilwa but now I live in the Champaign/Urbana area very close to the University of Illinois
Background/Goals:
I am a agricultural eng...
Steve Wilcox
Registering a Biz- NAICS
I am in the process of setting up an LLC for my flip bushiness. I am incorporating for liability protection among other reasons which have already been discussed at length in other threads. I am using a licensed contr...
Justin Boyd
Opportunity to buy an old bank
Question: When buying an old building (constructed in 1900 with an effective build year of 1960), what should I look out for and ask about? The paint is chipped so I'm assuming there's lead paint and there will likely...
Pablo R.
Potential renters UNTIL they open up about bad habits
Hello BP community,So I posted a week ago that i just got a duplex, got one side rent ready and have been doing showings ever since. I do have a phone "screening" questionnaire and has been doing good with filtering ...
Bett Rogers
Estimating ARV of a Chicago area duplex, first time investor
Greetings,
I'm hoping to begin my investing journey with a house hack project in a Chicago suburb. When calculating ARV of a multi-family unit is there anything I need to be attuned to beyond the typical process of f...
Hannah Canario
NJ Wholesaling w/o license
Hello!I recently moved to NJ from NYC and had to leave my job in the city so I started thinking about pursuing opportunities in real estate. I'm having a hard time convincing my husband(he doesn't like to take risks a...
Frank S.
Section 8 Apartment Feedback
Hi there, I have an unit under renovation and would like to approach section 8. This unit is located in a mostly Hispanic area, plenty of families, and with considerable but acceptable crime rates. It's South Lawndal...
Heather C.
Should we even proceed?
Here’s the deal we are looking at:House last sold for $122,000 in 2008, asking price is $69,100.
There are 2 potential problems with the house:
1.There is a small spot of mold in the master bedroom closet....
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Question on Morgages and Insurance
Hi,
I have a question. I have posted this on various forums and have yet
to get a real answer to this. I would like to buy some basic 3/2 houses and rent them out and eventually form a LLC and sell these to the LLC....