John W Pointer Sr
Need help analyzing this deal!
Good Afternoon BP,I have. A seller looking to sell his property in Lincolnshire , IL the property is not structurally sound to rehab. If luxury home was built on land it can sell for 2m. Home has to be torn down. It ...
Gary Libero
I don't lean, but my house do...
...off the hill with the mean view!Wasn't sure where to post this as it has to do with structural integrity of properties. I'm in the midst of my first house hack with a 2 family house. It's an old house, 1830 (not re...
Benjamin Timmins
Difference between home owners and landlord's insurance?
Can someone please explain the difference just in basic terms?
Account Closed
1 bank account for all properties or 1 bank account for 1 propert
So I currently have one property and pay for everything for that property on a specific debit card or checking account associated with all the repairs and maintenance ect.I was taking to my brother in law who's a fina...
John Hodson
When is a cracked foundation a bigger expense than the house?
Hi BPers!I'm getting close to close on a property and there are cracks in the foundation that the inspector found. I'm asking the inspector for a more detailed analysis of these cracks so I can decide if the foundatio...
Stephan Kraus
2400sqft Triplex listed & priced as a 800sqft Studio - worth 3X?!
Hey BP Community, I'm currently looking at a triplex with three individual small houses on one lot with ca 800sqft each, the public records confirms its a multiple dwelling / 3 unit, but only shows the "primary struct...
Kevin Yun
Considering a purchase. Question about structural warranty
There is a property I am considering to purchase, (built in late 1800s), and after visiting the property today, the 3-flat house was visibly a little wavy (caved in / settled) on one side. (Imagine a deck of cards, be...
Steve Li
Gut renovation issues, house shakes and water enters the basement
We did gut renovation two years ago, currently have a leak in basement from side of house and the house shakes on windy days, it’s a 3 family house detached, 20x60. had many issues come up, more recently had walls op...
Cesar Garcia
possible deal? advice on structuring it.
I have been in this business almost 3 months now,and I think this is deal I've been working has a lot of potential, The owner does not need to sell but he decided he wants to partner up to rehab the house, and I was g...
Ryan Fox
taking advantage of passive losses
Tax question. I am not a real estate professional. However, I accumulate a good amount of passive activity losses from rental properties. An opportunity has come along to partner or JV with a company that does a nu...