Bryan Hancock
Inflation - Does It Really Help REI?
I am reading a book on hyperinflation and depression right now. This seems to be a popular target with all of the mess going on so I figured I would try to educate myself some more. The author is a renowned REI auth...
Benjamin Sulka
Paying a Contractor Before the Work is Done
BP, Recently, a friend of mine was having his flooring replaced and he paid the contractor IN FULL before any work was done. The contractor now won't get back to him and hasn't shown up for work two days in a row. I w...
Yury James
Mislead, Help with financing and for a 2 unit with violation
I've been a longtime lurker, but this is my first venture and post, really need help/advice.I've been under contract to purchase a 2 flat in the Jeff/Portage Park neighborhood of Chicago, it was a not approved short s...
Cory Lucas
Hey BP, tough convo needed with realtor, advice?
So I’ve been working with a realtor for the past few months that I know from childhood. He’s a great realtor in my opinion, I’ve watched him grow into what he’s built and it’s impressive, I’d say he’s in that 20% cate...
Adam Moehn
Do you update electrical in your rentals?
When I'm looking at houses to purchase as rental properties, a decent percentage still have fuse boxes. Many also have all or mostly two prong outlets. I feel like a lack of 3 prong outlets is impractical for modern l...
James DeRoest
12v lighting wiring and NEC
This is for my home that I'm renovating at the moment, not a rental. Just so we're clear.I want to put in a set of high ceiling lights, but going 12v led rather than full blown 110v downlighters. There will be about 6...
Daniel Fernandez
What is a Good Price for this Package Apartments
Ive come across this package "deal" These are apartments in a good area of LA
20 units: $89,508 Annual NOI
60 units: $185,100 Ann. NOI
30 units: $167,975 Ann. NOI
16 units: $63,253 Ann. NOI
Ok. these are on the m...
Andrew B.
Small to Medium Basement Leaks
I purchased a duplex last month that was built in 1921. There have been 2 days in the past month where we have gotten a TON of rain and we ended up with some small to medium size puddles in the basement. Is this cau...
Breelon Bryant
Evictions across America: Landlording
Evictions suck for the landlord and for the tenant nobody wants to see anybody get evicted and sure as hell landlords do not want to evict however it is necessary so that poses a question. 1. Because Home owners are ...
Tony Nguyen
Am I Over-Leveraging?
November last year, I bought a vacant 9 unit for $210k, put in $40k to renovate and after fully leased, it appraised for $440k. In April, I pulled out 80% or $318k and used $200k to pay off the private loan of the 9 u...