So I recently received my first water bill from the City of Chicago. My building does not have a meter so I am billed the standard rate for a 2 unit building, it was over $900. I was wondering if anyone had any experi...

I have two partners that are interested in investing some cash to act as our own hard money fund for rehabs (to resell and hold). We own our investment company equally but their money is going to be a "side car" so t...

I have a tenant that signed a one-year lease yesterday. During the interview process she said she was downsizing which is her explanation on renting. The very next day (moving day) I get a phone call saying she wants ...

I have been reading some featured BP bloggers as there is always more stuff to learn in REI it seems.  I noticed some real big misconceptions or errors for some expert bp bloggers. Without naming names, I just wanted ...

I'm considering the possibility of acquiring properties out of state as rentals, either SFH, or small MF properties.  I'm located in the Seattle area, but rentals in the midwest are priced significantly lower with muc...

Have at it! :mrgreen:

Obviously a wise person would put away 6 months to 1 year of operating expenses for any property. Assuming that one did this, when following the 50% rule, is the property then labeled "self-sufficient?"

If this is t...

Hello,

Since I started investing, I have allowed myself to be the recipient of many gurus and people trying to sell mentoring programs and other services aimed at newby investors. Some I have found very helpful, and ...

Hello,
I posted this once along time ago, and never heard from anyone. This system apparently charges $495 in order to gain access to their network of Buyers. They offer training and materials. You then generate leads...

Some questions for people who've done deals subject to existing financing.

1. Is there any paperwork involved in taking over the owner's payments? Do you just send in payments with their account # ?

2. I heard that...