Hey BP, I have a 3 unit property in Logan Square, Chicago. I have a PM management company that takes care of it, and in the past 5 years, didn't pay much attention to the numbers. As I started scrutinizing the numbers...

I'm writing this post to shed some light on a problem I keep encountering with aspiring investors who are new to real estate.
They read a book or two, hop on BiggerPockets and learn about a few ways to analyze a pote...

I posted on the multi-family forum a month or so ago regarding the multi-family 50+ unit market heating up. We've lost out on many offers from buildings ranging from 20-150 units. I've been mainly focused on Cinc...

My offer was accepted on a 14 unit apartment.  I knew it needed new windows and was built in 1950.  In the purchase agreement forms we signed, he wrote NONE in the disclosures.  He showed the best (only good ones) 3 u...

There is a bill proposed by Chris Ward district 78 called the California Housing Speculation Act that proposes charging a 25% additional tax (an income surtax) on the profit (above the regular tax collected on the pro...

Hi everyone! I am in a big jam, here's my situation....One of my recent aquistions was a 12 unit apartment building. After the 1st month, I received an astronomical high water bill/sewer. Where I purchased this buildi...

Good Morning,We have a tenant that stated they will be late with their rent for June.  They asked if they can pay $400 on the 1st and remainder $475 by the 15th of June.  She didn't mention paying the late fees of $50...

Hi Everyone - long time lurker and researcher here on BP which by the way is one of the most useful sites you can possibly use to better your REI goals.So i have spent the last 9 to 12 months researching and learning,...

Hello all,Long time lurker, first time poster so be gentle.I live in a small college town and I found a 6-unit apartment that I'm considering purchasing. I have a friend currently renting there ($600/mo) but he's movi...

What single piece of advice would you give to a newbie to share the hind sight you've no doubt experienced by this point. Knowing what you know now, what would you have done?