Hey All --After many months of work, the New BiggerPockets is now here!If you're on the old site, click the link at the top orange bar and you can start using it today or go to http://beta.biggerpockets.comWe've got a...
Purchased a multiunit - 3bd/1ba & 1bd/baCost: $490,000Down payment: $200,000Renovation Budget: $70,000Mortgage: $2100/month - 30 yr fixed @ 4%Expenses: $190/Month (Utilities, upkeep, and administration) Rental Inc...
I am currently under contract with my first property multi-unit and am trying to figure out the problem and expected costs for the attached image. I do understand that the best approach is to get a contractor/basemen...
How can a landlord get away with saying you have drug activity simply because you have a few friends who visit?My landlord approached me earlier today and said to me that she had gotten complaints of "drug activity" ...
Hi All, Yesterday I served my tenant for various lease breaches and unpaid rent since then he has been sending me messages every few hours, can I do something about this with the police? The last message I felt almost...
I've been meaning to make a post like this for a while, but haven't gotten around to it until now. I joined BP in the fall of 2016, after having started reading about real estate some that summer. I listened to hund...
I just bought a cheap 1100sf rental that will bring about $800-900/month in a blue collar neighborhood.
The full bath has yellow/white tile along the walls and the shower. It's in very good shape but it's ugly as si...
My business partner and I will be using an LLC to buy and hold rental properties. I do have access to a tradional commercial lender we can use, I would prefer to avoid that because of the ballon note though. Are there...
Hi Guys,
Had a quick question that I hope someone can answer. I found a duplex worth around $75,000 (ARV) that might make a good rental property. Rents are $400 and $600. The place needs around $5...
I spoke with my attorney this afternoon, and he told me that Illinois is about the pass laws that will "crack down" on self directed IRAs and require private lenders to be certified. Has anyone else heard about this?