In order to show a unit I require that a prospective tenant has a monthly income of 3x rent.  But that leaves more room for error for a single tenant than for a family of 4. would it be discrimination based on familia...

I recently brokered a sale at 1566 Mark Avenue, an 8 unit apartment building in Elgin, IL. The sale price was $430,000 ($53,750 Per unit, 7.66 Cap Rate and a Gross Rent Multiplier of 13.04). The property sold for 93%...

Dear BP community,

We'll be moving to Alpharetta GA in next couple of months and currently looking for a house in the $500k range as our primary residence. We are currently having that $500k cash in hand but don't wa...

Hi,So, I have a couple that is about to rent our house and she has sufficient income and has been verified. Though, the husband's income is much less, should I have both on the lease or just the wife?

Introduction:

My name is Peter Firehock, I am currently an Acquisitions Associate for a multifamily investment fund in Washington D.C., BPG Holdings. Multifamily real estate has traditionally been a stable asset cl...

I talk with real estate investors almost every day, and the number one question they ask is, “How can I leave my W-2 or at least become work optional through passive investing in real estate?” I’ll cover a simple but...

Hi,looking to rent out a room in my home, and would like to know if I should list the shared common area furniture & appliances in the lease agreement? The rented room itself is not furnished, but other areas of t...

I am in the process of rehabbing a rental house. It is in a low income area, rent should be around $650/month. I'm trying to keep all cost to a minimum. There is a dryer hookup in the kitchen and a washer hookup in th...

Im looking to start working with an tax professional that specializes in REI clients. Im pretty sure I need to do an amended return. I didn't take any depreciation, I did a bit of improvements to the rental half of my...

I have had a interesting discovery recently. At the end of last year, I was finishing updating my financials and I realized that my networth had reached over 1 million dollars. That had been one of my financial goals ...