If this were you, you would........

Assumptions: house under contract
Buyers credit: not great
Buyer has equity in primary residence.

Purchase price: $365k
Downpayment: 10%
Rehab: $50k
ARV: $600-$620k

Buyer has a H...

I just read an article about a system called the "Purchase Option" system. Basically, you find a motivated seller and offer to lease their home for a number of years and then have the option to buy them out at the en...

Hi Sean,
Can't help with the local info, but I can address your first question. If the second lien holder is the one foreclosing, and they (or anyone else) buy the property at the sale for the second lien, they're bu...

I have decided to jump in the real estate investing game. I have been analyzing about 2-3 "deals" a day for the last 3 days just to practice and understand the data and what it means. To be blunt I do not know what to...

There is a 10+ unit building that was under contract and the deal fell through due to DEC records of soil contamination from a previous nearby gas station leak.  The owner of the property has had it for over 30 years ...

Hello I have a question, if anyone might know.  A rehab property in a co-op has been put up for sale. The co-op is the one selling it since the original owner didn't pay their taxes the co-op became owners. So now the...

I listed a townhome for rent in my very tight rental market on Monday and I've received well over 100 inquiries.  I've been responding via email/text with a link to my application and application requirements and the ...

Have about $400K for investment, which is the best realestate investment probably with a leverage of 3x (LTV 30%), I am new to the real estate investment , i had been doing lot of research , unfortunately i couldn't c...

My dad isn't much on hype, but he sent the passage below to me via email this morning and I felt compelled to share it as a reminder to everyone how precious life is.  Seize the day and make the most of it because the...

Greetings BP members,Currently, I am in the midst of acquiring my Illinois Real Estate Agent license and am situated in the Lincoln Park region of Chicago. My past experience encompasses SFH flips and a history of mil...