Alecia Loveless
Raised Rents Now Tenants Making Demands
I bought a mismanaged and neglected property with rents that were 1/2 market value. 4 of the 8 units are month to month so after a month of ownership and being onsite and starting to turn things around I’ve sent a not...
JJ Chojnowski
Investing within a Self Directed IRA
Self Directed IRA AccountsHi, I'm curious about the pros and cons on moving my 401k monies into a self directed IRA Account. A couple of questions.1- If I paid (for example) two four-plexes in cash from my monies wi...
Tab Teehee
Help deciding on interior paint for 20 unit apartment complex
I'm getting close to having the first 8 units of my 20 unit rehab ready for paint! I really would like some input from fellow BP'rs on this subject. Here are my thoughts....
Initially I was going satin or eggshell on ...
Valente Sosa
Accounting programs
What other accounting programs can I use instead of QB online?
Sunny Shakhawala
Using a Line of Credit vs. Cash
Hey Everyone,Today I was at the bank and I saw a heavy push for Lines of Credit. (Home, Business, etc.) There were posters, ads on the tv, stand up signs, etc. I just completed my second Private Lending deal. I'm get...
Vincent Plant
Trouble Dealing with a section 8 tenant Before making the deal.
I'm contemplating buying a property as a rental income property. The property is listed for a great price and was interested right away. I went to schedule a showing (I'm a Realtor) however the listing agent informed ...
Account Closed
Cap Rate Question
How to properly figure out cap rate on an owner finance deal? All my houses are owner finance. It's pretty simple to figure out so I thought....My first property I bought, I figured it like this: purchase price: $51,...
Shar Day
Refunding Security Deposit
Hi all, need some advice on how to go about a situation.I have some of tenants, in a unit that their lease would be up at the end of this month (Jan 31). I currently have problems with issues of smoking in the house (...
Rachel Luoto
401k vs REI: time for a change?
Hey friend :)I am currently maxing out my 401k, which leaves almost nothing left to save for a down payment. This made sense: my company offered a 25% match on 100% of my contributions. However, I am now planning to l...
Helen Fremichael
Zoning in Chicago on a multi-unit
Hello BP’ers!Reaching out to you all to see if I can figure out a zoning issue. I am currently working on obtaining a 3 unit building that has 3 separate dwellings (basement 1/1, 1st floor 2/1, and a 2nd floor duplex ...