Josh P.
Quick Question about the 50% rule.
When I'm using it to figure my monthly payment and therefore the max I should pay for a property, am I to go by the monthly payment amount for a 15 year or a thirty year mortgage?
Ryan Aurand
Availability of Hard Money Loans in a Struggling Economy
Hey BP members!I'm in the early stages of preparing to buy my first single family home. As I start to think about the availability of obtaining hard money loans (and other sources of financing) over the coming years, ...
Luke Carl
Crazy Guest or New Cleaning Lady? Or Neither....
Had someone check out today. She was weird from the get go. Texted a lot. Said she drained cleaned and refilled the hot tub then later said she just added some water. Paid for 4 peole later found out she had 5. Cleani...
Henry Lazerow
Chicago prices have now dropped 20.6% off their highs
Chicago prices have now fallen 20.6% off their highs! Definitely will be some more opportunities out there this spring/summer. I have seen inventory drastically up since the holidays but have also had many buyers come...
Angel-Ty L.
Facebook's Recent News Feed Policy Changes, Could It Affect You?
First off, I'd like to state I am actually in favor of this change. With nearly 6 million advertisers on Fakebook's ad platform, the news feed has become full and as a result, it has now become a battleground for ad c...
Jason Mak
Offering my Retail Tenant a Credit line on past due rent
Hello Bper's
I recently acquired a retail building and I have a tenant who has trouble paying his rent. His rent is 6k a month and he is sometimes able 3000 in two separate payments. His business is somewhat seaso...
Steve Smith
Financing a Short Sale with Repairs in IL
Full disclosure I am a short sale newbie. Situation: I found a deal in my area, far north suburbs of Chicago, and was planing to fund it via a conventional mortgage live in it for a couple of years and depending on t...
Scott Trench
Is a 20-25% Crash in Multifamily Asset Values Realistic?
I've been noodling on this for a few weeks, and the more I think about it, the more I'm starting to convince myself that large multifamily is one of, if not the most, riskiest asset classes in America right now. Here'...
Bob Malecki
The Big Short: Michael Burry on the Next Financial Crisis
If anyone who is newer to note investing needs a refresher course on what caused most of the NPLs we buy to be available, read The Big Short or go see the movie. Fascinating how corrupted Wall St. brokers and rating a...
Steve Londeau
Stocks - Big mistakes you've made?
Ha! I'm NOT a stock investor. I gave it a shot, and well, let's just say I should stick to real estate!!
Bought a little ADR - "SAY" Just google it, and laugh at my misfortune. Basically, the Indian version of Enron...