As an investor, property manager, and Realtor focused on selling investment properties I have seen most new investors make the same mistakes. Many times they come to us for help on the property management side and we...
Situation: I've got this deal I'm working on where a shortsale was initiated by the current owner. The sales price ($37,000) was approved by the lender and we made an offer for $35,000 that was accepted. I got the...
Hey guys,
I am looking at buying my first investment property. Here are the numbers:
Asking 160k, but I plan to offer much less
Units are 2/1’s, rent for $595 each
Built 1984
Tenants pay utilities
Income: $595 x 4...
BP community--I went under contract on a north side Chicago multifamily property (4-flat) this week (thanks @Brie Schmidt ). Basic inspection (thanks @George Foster ) and mold inspection occurred on Wednesday. There ...
I'm getting ready to do a "2-fer" and, with a partner, rehab two homes for rentals. My partner is experienced and I intend to ask him the same question I'm asking here (and I know he will thoroughly educate me which ...
My wife and I are extremely grateful for @Jay Hinrichs deciding to partner with us on this. We know that it’s a huge opportunity for us and those of you following this project. The Duplex: I will be updating this thre...
I had 2 rental properties in Chicago (I dont live in neither). One of them became a nightmare so I sold it a few months ago. I sold it for way higher than I bought it. I have all this cash in hand and I feel IRS is go...
Good Morning BP community,My name is Mike and this marks my first post on the forums after being an active podcast listener and forum reader. Here is some background info and then I'll get straight to the point:I am 2...
Summary: I want to become a real estate investor in Hawaii. And I have a bunch of questions. Any advice is appreciated but specific answers preferred.1. Should I sell my $400k home in Alaska or try to rent it out?...
Do people still buy property in California for any reason other than the weather? Seems like everything else about California sucks. High taxes. Soft on crime. People just stealing whatever and whenever they want. Hom...