I'm looking to buy an owner occupied 3 or 4 flat in Chicago. Of the properties I've visited with my realtor it seems that about half of those properties will be vacated at the time of the sale. As a full time real est...
Hello! My husband and I are active real estate investors and both left our corporate jobs in the last two years. Since we haven't been doing this for 2 years, we won't qualify for a conventional mortgage. We're starti...
Hi FolksI am a newbie in real estate area and looking for passive income sources from Rental Properties. I currently live in NY so would look for out of state option only. Being a Software Developer by profession, I w...
Hey ya'll! So, 2 parts to this post.First, simply wanted to share with everyone that as of June 1st this year, I secured a tenant for the vacant bedroom in my house! Long story short, I moved out of my house to live w...
Hello BP,So I have been doing a lot of reading and research on this topic and am still a little confused. I have potentially found a deal in the Bay Area that I would like to move forward on. I am looking to find a ha...
I am putting in my first offer on a house rehab. The asking price is $250k and the ARV is $520k. Total repairs of around $150k. Holding costs at $20k. There is a lot of competition on this house. I am sure someon...
Good afternoon BP,
My partner and I purchased our first duplex in October 2021 and quit claimed it to an Ohio LLC. We are in the process of completing our taxes and our tax agent is requesting a lot of data and is es...
I stumbled across BiggerPockets while watching YouTube videos about Real Estate investing. Already I've learned so much about investing and what to expect. My story is the same as the majority of the BP community. I'v...
Hi, I need some advice on how to use other people’s money without creating a tax liability.Situation is; I have a family member who is willing to lend me money toward a deal. What is the best way to receive and use t...
When someone sends me an off-market deal, I find a property on LoopNet or on the MLS, the first metric I look for (kind of my first filter) is the cap rate. If it has a competitive cap (using MY expense ratio and the ...