Hello BP friends, my partner and I found an interesting property and while we look at the income statement. The first thing we notice is the water/sewer expenses is huge! it's a 30 unit and they spent $22K each year o...

I have 2 questions: 
1. When you underwrite a fix and flip deal in your upfront due diligence, what figures do you us for the cost to sell? (do you use a percentage, standard fixed fees + percentage, etc)
2. When yo...

Im looking for a good word or excel example of a deal analysis sheet to present to an investor that will hopefully be funding a flip. I do not need anything complicated just something simple that hits the main points....

Hello.I'm going to load this introduction with details on what brought me here and probably weave tons of questions throughout.I currently rent, but I've been dreaming a bit lately and looking at 3 flats here in Chica...

I came across this video on youtube with a chart to quickly determine a rough estimate for repairs.  
I'm wondering if anyone can give me a similar chart with LA prices? I am aware that the best way to get an estimat...

I'm working on a deal and a quote from one of my contractors has a project management fee included in there. In the BP community's experience, is that a standard line item for most contractors? I've seen budgets with ...

I just saw my total for Bank Wire charges for the year. Yikes! They add up. I think it is time to look around for a new bank.

Anyone have a bank that offer business accounts with low domestic bank wire fees?

Thanks

Hi All,I have a bit of a situation here and would greatly appreciate any advice on how to proceed. I purchased a rental property back in Spring of this year and decided to replace the roof on it because it's quite obv...

I'm new to real estate and am in the education phase.  While reading @Brandon Turner 's Book on Rental Property Investing in chapter 10 under utilities it states that you should look for properties where utilities can...

Hello Everyone, I just bought my first 2-flat in Chicago. However, I have a large unfinished basement I would like to convert to a 3rd unit. I am trying to get an estimated idea of the cost of this project. If anyone ...