I am interested in investing in new to me multifamily markets in the US and have found a ton of data.
I have a ton of criteria to look at and understand it. But the question is, after all this data gathering and sum...
Hi all. I’m a prospective buyer located in Chicago looking to purchase a 2/1 condo and rent out the second room to a friend. I’ll be able to put 10% down on a roughly $350,000 unit, and will be using this opportunity ...
Hello,My name is Lynn and I am in the very beginning of my journey to become a successful Real Estate Wholesaler. In this quest I have quickly noticed there are certain forms I will need and certain ones that do not ...
Hello all, I have a counter offer on a duplex that I am trying to purchase. The owner has never occupied the property, so there is no property condition report. They added in an "as is" "where is" addendum to the offe...
I had question about the mortgage interest deduction on my primary home. I understand that I can deduct mortgage interest up to $750k on my personal residence. Let's say my 1st mortgage balance is $600k and I want to ...
Hey BP, an agent found me a decent deal here in Los Angeles for a buy and hold. I told her I wanted to make a cash offer. She started asking me to see my bank accounts, etc... My question is, is this standard just f...
Hi BP!I'm in the tenant screening process with my first rental (a duplex in Philly). The bottom unit is a 2 bedroom that's roughly 700ish sq ft. I would prefer to limit the number of tenants in that unit to 2 (1 per b...
I purchased the PA Landlord form from BP as we are getting ready to rent our first duplex. In it is a section on Indemnification insurance, 20.B for those of you that have it. I read this section as the tenant needs r...
This may seem like a simple question but why are so many landlords against renting to Section 8 tenants; when it seem like a pretty guaranteed payment. I've always thought renting to Section 8 tenants would be one of...
I was wondering if there are any tax deferments for selling of a 2nd home and using proceeds to lend to someone for an investment property. Do the standard tax deductions apply when selling a 2nd home? Can you roll th...