Hi BP Community,I'm entering into a JV to purchase and rehab a property where I will be the operating partner and the 2nd party will be the capital partner.We're working on JV agreement and we need a clause in there t...

Hello everyone, my name is Dustin, I am 30 years old and I am from Central Illinois. My occupation right now and for the past 6 years has been a photographer. To be honest, I have lost my passion and am burned out w...

I will be purchasing a multifamily unit 2-4units with an FHA loan that requires me to occupy one of the units within 60 days of closing. My question is what if all units are occupied? Would they have to have new lease...

I'm a complete noob to property investing.There is a local derelict property in my area (Ireland). I've identified the original owner to be a man who went bankrupt, leaving ownership to his lender. But, the property w...

I posted this for a CPA originally but thought I would open up to the rest of the BP family. 
My background; I have been a landlord/investor in Illinois for about 21 years. I currently have 2 LLC's the oldest of whic...

Has anyone had success getting cat pee smell out of carpet? It only smells in a small area of the living room. I tried shampooing and it still smells. I'd replace an area of padding and clean more but I'm not sure if ...

Tenant sent me a certified letter cancelling our tenant at will lease agreement.  They gave me 30 days notice and told me that the property had been vacated. It had not been emptied of much of their property.  I left ...

I am moving out of my primary residence (mortgage and title in my name) to make it my first rental. I set up my LLC (two member my wife and I) a year and a half ago with the ideas of creating a great vast portfolio o...

Several of our apartments have CVT tile flooring. It has withstood years of abuse and is great shape but has not been cleaned/stripped/buffed in years and really looks rough.

These are not large areas (maybe 450 sq f...

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $237,500

Cash invested: $60,000

Sale price: $314,000

This was a house hack 3 bedroom townhouse used as short te...