Hello everybody!So my family and I are selling our family business, and we are looking into investing in real estate in Illinois. We are going to be doing a 1031 exchange, and we will have just around $600,000 to inve...
I have recently opened a Home Equity Line of Credit and wanted to hear people's opinions on using a HELOC to purchase an investment property. Interest rate is low and if I can find a property that cash flows more than...
Hey Folks, looking into using a second home mortgage for financing. Does anyone have recommendations for a lender they’ve used to do this in the Durham area?Additionally, curious as to how that works if the house purc...
I’m planning on doing some Black Friday shopping for some tools/gear to use for doing some rehab work. Likely just light cosmetic, fix ups, bath and kitchen remodel, landscaping. What do you guys suggest as must have,...
Hello BiggerPockets,My former Chicago landlord just mailed my security deposit back without interest. I know it'd be only about $1 but it seems he should know the procedure for this sort of thing and should not be tak...
I will be going through my first city inspection in a couple weeks, what I should be prepared for? The city where I own the home doesn't have a check list or sheet to give me before the inspection. So I am just wond...
Hello, I am hoping someone can help provide some feedback/advice on my current situation. My husband and I own a multi-family home, that we bought about 2 years ago (so we are new to being landlords). We live on the ...
What are the minimum standards you set for tenants applying for your rental properties? Obviously following fare housing laws. For my area it is a lower income area. Not the best part of town.
I was curious if anyone else is trying to add additional clauses to their lease agreements to give themselves a way to evict a tenant other than for non-payment of rent during this ridiculous eviction moratorium. I w...
Why does my lender claim they can only loan 4 mortgages? Where does the 10 mortgage limit come from? And are there LTV restrictions (75%LTV?)...