Hello BP'ers.  Quick easy question.I understand tenant security deposits go into an interest bearing checking account, my questions are:1.   Does it matter if it's checking or savings? 2.  If you have multiple tenants...

Hi everyone, throughout my research I consistently come across those who preach the 50% rule. Does this rule hold true for multifamily homes in Chicago or is this ultraconservative due to the high rents? When I have f...

I recently closed on a property where I inherited tenants and my lawyer is very adamant that I return all the security deposit to the tenants asap.  His reasoning is that there are too many esoteric rules about the de...

Hi everyone, I know this is a silly question but, do you guys prefer brick over a wood frame multi family? I really like brick, but they are a bit harder to find within my price range and there seems to be more wood f...

Hey guys!
I've been looking into the real estate side of investing for a while now, like watching youtube vids and getting input from a friend who flips houses for a living. The side of real estate i'm really interes...

I'm looking to do rehabs in the Chicago area, any investors or Agents in the Chicago area that is knowledgeable in rehabs or fix and flips in this location could you please provide any tips, tricks or knowledge on inv...

Hi BP family! Recently picked up studying real estate investing and was starting to solidify my plan and was wondering if there were any general shortcomings with my vision. I am currently a 21 year old living in the ...

Last week I got a text that said "we left something in your cabin please call us" (It is our policy not to call people so that everything can be document in text and we also rarely write back actual text messages that...

Hi All,I own/manage 41 units on the Northside of Chicago and I'm seeking a dedicated maintenance person. My portfolio is not large enough to hire a management company or hire someone full time. Reaching out to see if ...

Getting started, there are always so many questions! I tried to find a list of "estimated" costs for standard rehab projects but I haven't found anything that is very comprehensive. What I'm hoping to create is a...