Last week we had Auben Realty’s Brent Voepel talk about “The Price of Property Management” and specifically discuss (perhaps even justify?) why a 10% management fee could be a bargain for excellent property management...

We recently purchased a three-unit rental property.We want to do some renovation work immediately, and plan to conduct more extensive renovations on the property over the coming years.Currently, the water heater and t...

I just got a call from my loan officer and I’m kind of worries, my escrow is set to close on the 26, it’s an FHA loan and the appraiser just did the report on Monday. We did a walk through a few weeks back and I had a...

Hi BP Community! I wanted to get you opinion on potentially purchasing a triplex with a nonconforming unit. We’re in the process of purchasing an off-market deal. Our realtor, seller’s realtor, and seller claim the p...

I am buying a 10 unit apartment building for $550k. Each unit rents for $650/month and taxes are $15k/year. I am getting a Mortgage Rate of 4.25% and it’s 5 year fixed, 10 year balloon, 25 year amortization - 30% cash...

I met with a realtor and contractor today for a look at a foreclosure. The outside looked worn but repairable. Then we went inside and found active termite damage, ruined ceilings, mold, and a 6-7 foot crack in the fl...

There is a 6 unit multi-family building in Chicago’s Douglas Park (subpar) neighborhood that advertises a “14%” cap rate as a “guaranteed subsidy.” Aka section 8. It’s also on the MLS. The building is $380k. Fully occ...

Hello all,I've been looking for window contractors in zipcode 48235 for a big project to prepare my home for city inspection. Basically, I just need to replace 5 double-hung windows. I have a property manager on the g...

I am at the beginning of this endeavor and have made a few offers. So far I have not had an offer accepted and was curious to others experience with this. How many offers did you make before one was accepted?

Since many condos have outside and structural maintenance built in to the HOA fees - do the rules still apply? I realize that some maintenance always will be necessary, but it seems some of the bigger ticket items can...