Hey BP, I have a 3 unit property in Logan Square, Chicago. I have a PM management company that takes care of it, and in the past 5 years, didn't pay much attention to the numbers. As I started scrutinizing the numbers...
We are in escrow on a duplex zoned R2 that has a detached garage that was converted into an additional unit without permits. The housing department states that it needs a new certificate of occupancy because it's no l...
Name something you've learned from someone on BiggerPockets (podcast, forums, blog, whatever) and tag the person from whom you learned it. Name as many people as you want, but please limit your posts to one-person-per...
At one point somehow I accidentally paid my mortgage on an investment property twice in the same month.
That was dumb, I thought, after realizing my mistake. However, instead of calling the bank and trying t...
So I just got off the phone with my financial advisor and he said I'm doing well but he's concerned I'm over leveraged on real estate. He's concerned that if we experience another recession that I will be stuck holdin...
Hello BP People!I figured this might be the best place to post this and get feedback. Through networking, I have perhaps stumbled upon the golden goose that all real estate investors seek. No offense to a the hard mon...
If a house sells 50 k and rent for 1000, it meets 2% rule. But actually I think it is not necessarily a good investment.
Assuming SFR, 1500 sf, 3 be 2 ba, in small Midwest town. Move on ready. 30 years old. No renov...
I got a letter from Wisconsin Department of Professional Services Division of Legal Services & Compliance. They received a complaint from someone on my direct mail list of probate properties. My marketing lett...
After watching a YouTube video from Ken McElroy stating 2020 is a wash, 2021 is the time to save up, and 2022 is likely the time to buy (when properties shift from motivated sellers to foreclosures to REO) I decided t...