Kerry M.
Should I walk away?
1920 HUD former duplex 4/2 for $26K in a college town where 3/1 prices average in the 70's. Our contract date is 3rd week in April. The list of what needs repairs is long. Needs new plumbing on one side, including ...
Linda Weygant
Well Crap. Literally. Advice and Recommendations Requested
Saturday night, we received a call while we were out from the guy who rents the basement of our personal residence. Sewage was backing up into his bathroom and all over the carpet outside the bathroom. We managed to...
Ibn Abney
BRRRRR.. 100% cash back, 35% equity, $400 net monthly w/ pics
Wanted to share a recent deal we did. So much disrespect thrown out towards Chicago and specifically the South Side of the city, I hope the numbers will change a few minds.In the words of a local developer I highly re...
David Robertson
Detailed Scope of Work vs "Turnkey" SOW Language
A recent forum discussion talked about how an investor's scope of work said to include "EVERYTHING" in their proposal to 'gut the property, buy materials and rehab per plan.' Long story short, the contractor did not ...
Benjamin Gonzalez
How to collect security deposit after tenant move in?
I failed to collect the security deposit before the tenant moved in. He said he would pay me the next day. He did pay all the 6 months rent upfront. He hasnt paid the security. My rookie mistake for taking him on his ...
Cynthia Oistad
Business credit cards for LLCs vs Tracking rental expenses?
My husband and I own two single family rental properties, one in Alaska, one in Las Vegas. We have a separate LLC set up for each of them and a separate business checking account to collect rents, security deposits a...
Henry Clark
Self Storage- Build or Wait 2 Years?
Self Storage- Build now or Wait Two Years?
We are 100% full at
all of our locations. Have extra ground we can build about 500 more
drive up, metal units on. Trying to decide whether to Build now or
Wait Two ye...
Jason Johnson
Cost to build 4 Plex in Minnesota
Im located in Minnesota and looking to build a 4 plex. Can someone tell me an around about cost for a 3 bed 2 bath new construction 4 plex would cost? About 1200 sqft per unit.
Christopher Bell
Investing upgrade rooftop deck
I’m in the process of considering putting a rooftop deck that’s 500 sqft on an unfinished roof on a condo in Chicago IL wicker park. Does anyone have an idea of how much rent per month that would be worth? My thoughts...
Tristan Williams
Lease termination fee
Hello Biggerpockets community,
I have been renting from my apartment since 09/01/2019 and signed a new lease starting 09/01/2020 to 09/01/2021 on 12/20/2019. Due to Covid-19 my two roommates lost their jobs and I wan...