Logan Ward
Advice: 1st Property Under Contract
Currently going through the purchase process for my first property. The buyer accepted my offer and now all the paperwork begins. Hoping to close in early January on a side by side duplex (2) 1/1’s that will have 1 si...
Andrew Peters
Section 8 Housing... Pros & Cons
I am considering starting to look at purchasing some SFR that have Section 8 tenants. I am curious about the pros and cons outside of the obvious issues that come with these types of properties i.e neighborhoods If yo...
Mikhail Pritsker
Sponsor underwriting. Part 2.
Part 2.
Detailed Due Diligence
Conduct in-depth due diligence, including background checks, reference calls, and site visits to assess the sponsor's operational capabilities. This is one of the most critical steps ...
Joshua Michael Hauman
Mental Accounting Pitfalls
I have witnessed countless individuals fall victim to the pitfalls of mental accounting when it comes to their property investments. I know wholesalers that have booked a vacation expecting an assignment fee only to b...
Marcele Johnson
Security deposit in Chicago
For landlords in Chicago should I request a security deposit or first months rent or how does that process go?
Charles Giovanniello
Just closed on first rental!
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $115,000
Cash invested: $38,000
This is my first Investment Property! I'm renting a 2 unit apartment to stud...
Account Closed
Insufficient Work Documents
Hello Everyone, I recently went through a pre-qualification process with a loan officer. One of the things that stood out to me was the requested documentation. I am in my early twenties and have done freelance work a...
Samantha Kincaid
Bank Account per Property?
Should we set up one checking account per property?My husband and I purchased our small single family a few years ago. We are in the process of purchasing a duplex with additional rented storage space where we will mo...
Jacob Haskins
Vetting Applicants with Pets
Good morning, BP Community. I have been reading the forums about allowing tenants with pets. It seems the community is about a 50/50 split between allowing pets in rentals or not. I was originally leaning towards a...
Cedrice R Young
a newbie wholesaler working on her first deal
Hello all, I am a newbie wholesaler and I am in the process of working on my first deal! Math has never been my strong suit so I am trying to be meticulous in my research and calculations. Please please PLEASE let me ...