Hi,I had my offer accepted on a foreclosure. My agent advised that a previous deal fell through for low water pressure in house.Paperwork stated " water pressure fail"Should i be concerned? Is this a dealbreaker?What ...
Hi all,I have been an aspiring RE investor for many years, but more recently decided to act on my desire to free myself from the corporate 9-5 that was taking its toll. Fortunately, I've got a loving wife with a good ...
So I'm finally posting here in BP. I'm excited to start my real estate investing journey and looking to network with like minded folks here in Chicago! I'm relatively new though I just purchased a duplex and looking t...
Has anyone taken out a HELOC on their primary residence to cover closing costs and repair costs for a property they are looking to flip? I am new to this and read many of the posts but have not seen this one. I have...
I've made a simple spreadsheet with links to low cost DIY yellow letter and business letter supplies. For my Sacramento folks who have discussed this with me recently, and anyone else who may be interested... here's t...
Hi BPs,If I flipped a property, and use the entire gains from the sale to buy another property but that second property I decided to do buy and hold.Do i still have to pay taxes on the capital gains from the first pro...
Hello BP community, I am closing on my first deal in a couple weeks. It’s a triplex in South Jersey. For those familiar with the area it’s in Egg Harbor City. The appraisal requested the existing wood siding be painte...
Hi allSo myself and several friends are interested in REI and want to work together. Some are talking about doing a multi family as a partnership. I’ve read enough to be wary of forming a 5-6 person partnership. Any a...
Hi there,Was hoping for advice from some of you more seasoned DIY / flipper folks. I am working to restore an old 1960s ranch style home. It has eight foot ceilings throughout, with old white oak flooring that was s...
So I was doing some research on the value add of an addition and was wondering if I'm missing something. Was looking at adding a ~400 sqft addition to a 2 bed 1 bath to make it a 3 bed 2 bath (it's a second floor addi...