Hello BPers!I am looking into investing in Chicago. I have a few investments in Florida, so I'm familiar with the process of buying in the US. Can any Chicago locals recommend any neighborhoods I should look into fo...
Hello,My name is Art and newly retired from the fire service. I am looking for a new direction in life and to find my 2nd career. My wife and I have always dreamed of purchasing a business in the mountains and livin...
From what I understand the two basic requirements for a 1031 exchange are the following:1. Use all net proceeds from sale into another investment property2. Subsequent property must be of equal value to the net sale o...
To date I have been very passive in charging and collecting fees other than the normal late charges, etc.. However after doing some reading and realizing that having some of these fees help curb tenant behaviour, I w...
I understand there is a time limit of 45 days to identify 3 properties; and 180 days to close. I have few questions on this. 1) the final replacement property should be from these three ? some where I read that value ...
Hello!This is my first ever blog post, here I go:I am in my thirties and my partner and I have funds in the bank and are ready to invest in real estate (right now he does most of our investing in the stock market whic...
Hey BP! Just put in my first ever offer on a property! Man, I feel so nervous and excited all at the same time :)
Question: I'm out-of-state and have never visited the property in person (did video tour w/ my agent)....
I am looking for advice in regards to how to get around the 6 month seasoning for a cash out refinance. Does anyone have a bank that I can work with. I am running into a road block. Have called several with no luck. (...
Hi BP folks,I’m a relative newbie to the residential investing space and am currently in contract on my first property in Cleveland. It’s a duplex, has decent cash flow (already tenanted) and am now looking for my n...
Hi everyone. I am a beginner real estate investor right out of college (UNC) and studied business in hopes of starting out investing as soon as possible. My wife and I recently purchased a duplex in our home town in e...