Hello all, I had a question about the FHA 3.5% down payment loan. To my understanding, for instance if it is a 4 unit property, to qualify for this loan, 3 of the 4 units must cover the entire mortgage. Does anyone kn...

It's common sense that a property with a high vacancy is bad. Probably the worst.
And I'm told that if a property is 100% occupied you're not charging enough. 
Soooo I would assume that there is an occupancy rate th...

Hi guys. My name is Matt and currently my wife and I have been living at the same apartment in Chicago for 3 years -- never late on rent. Long story short: My landlord raised the rent by $40 year two and $60 year thre...

certain politicians in Springfield are pushing legislation to pass the Illinois legislature THIS WEEKEND.  I am requesting all landlords and their employees/agents/other stake holders to click the link below (to conta...

I know people say not to accept tenants if they have no active income, but this is a medium-term tenant who would stay 3 months and they can pay the entire 3 months upfront. In this case, is it a risk to let them stay...

Freddie Mac’s website explains the Homepossible mortgage as “A responsible, low down payment mortgage option for first-time homebuyers and low- and moderate income borrowers”. What Freddie fails to explain is how gr...

Not sure there is a perfect sub-forum for this question, I am trying to find emails and phone numbers of a previous owner of a property I am in the middle of renovating.I know the name of the owner who owned the prope...

Hey everyone! I would like to get some opinions on whether or not I should do this deal. It would be my first investment. Here are the details:It is a triplex for $32,000 in a low-income area in the Midwest. Property ...

Hello Everyone!Currently I am working a job that requires my time for 40-50+ hours per week. The job often requires me to stay later or schedules are put up on the fly at times and due to my position I cannot argue th...

Hi everyone,I have a sfh rental in Elkhart Co. Indiana.  I have/had the tenants on a lease option that expires today, April 30th 2015.  I trusted these people since we've known each other for a few years prior to them...