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Hey BP Community,I'm a new investor on the north side of Chicago and I am in the final phases of a gut rehab of a condo unit that is my first property. Bought at $155K, $50K rehab, hoping to sell/exchange at ~$215K. I...
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A tenant just moved out of my rental property and there is a urine odor throughout the first floor. The floors are vinyl planks (Allure Trafficmaster). She had a cat and signed a pet addendum that obligates her to p...
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Hello,I am new to this site and wanting to begin my journey into real estate investing. I am currently a business owner and in order to prepare myself for that I made sure to self educate in areas from marketing, reta...
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Hello my fellow BPs, I'm considering of starting my first investment property soon. I have been doing my own research by reading the BP blogs, listening to the podcasts, asked people questions (including my CPA). Howe...
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With a fairly low income (43k) I have been searching for investments that will increase my income so I can then snowball the larger amount of income into more investment's ultimately creating long term wealth. After s...
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Hello BP family.4 months ago I rented to a young man and did not do my homework. (lesson learned). There is no lease, he rents month to month. The first 3 months went pretty well. Rent is $850.00 a month. This include...
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I have the following situation. I have two properties, each in their own LLC. If I have an expense that's only related to one property, say a utility bill, than I can expense it under that LLC. However, sometimes I ha...
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Evening BP community. I am a 28 year old who has climbed up the corporate ladder the past nine years to be in a high salary management position available in the next few months. The dilemma I face is that I look at th...
BP community, Earlier last week, I closed on my first investment property, a duplex for 330k (25% down, conventional loan for 30 yr @ 4.875%). One unit is currently unoccupoed, and the other unit has tenants until the...
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I have just purchased an investment property in Cleveland and just transferred Water/Sewage into my LLC name...Asking the water company what the average monthly usage is, i'm in sticker shock! Obviously past and curre...