Good morning BP,I'm currently considering a deal for a ranch house in the south suburbs of Chicago, and when I went to look at it with my agent, we noticed two cracks in the slab (no basement) of the property, pretty ...
Hi everyone,
I'm considering investing in an older multi-family (~100 years old) around the Boston area. I only have experience with significantly newer properties and want to make sure I run the numbers correctly. D...
I have a SFH with 6 bedrooms and 3 1/2 baths, I tried renting the property myself and did not like that route. So I'm hiring a property manager to take care of the top three floors of the house while I occupy the ...
It's my understanding that using seller's cash-back is fraud when you are inflating the price beyond market value. Here's an example:Scenario 1
FMV: $300,000Sale Price on Contract: $350,000Cash back from sellers for ...
I am looking for a way to refinance repairs to my parent's old home that suffered fire damage some 8 years ago. It's been in a state of disrepair for so long due to funds being unavailable. My parents both no longer w...
Our only unit in Chicago had a pipe burst over the winter, and our current property manager has been a disaster getting repairs even started. Looking for a property manager/agent with a team to get the damages repairs...
Are holding costs deductible if you end up living in the house between vacancies? Electric, water, etc.?
Hey BP,When it comes to a flooded house, is there an average cost that it takes to repair flood damage?I have a motivated seller who’s house flooded 23 inches and is trying to sell quickly. Any thoughts on flood repa...
Okay so I purchased my first rental property, yay! I paid a total of 39,154. The home rental value is somewhere between 700-800/ monthly. I listed it for 750 and have several people interested in the house who I have ...
I have a couple thousand to invest and seen a property in auction that I want. I don’t enough for repairs so should I bid on it. If I do how can I find money for repairs?