I am thinking of buying a building on the South Side. It is in a bad neighborhood but has a great cap rate. Does anybody have experience with this type of property? Do you recommend it?What goes wrong that will affect...

Hello there BP land!
I purchased an adorable 1920s two bedroom home I am planning on buy/hold in for a while. When I walked the building inspector through he assured me the frame was strong and there was no knob and ...

Good Morning BP!I'm about to begin a project in Ormond Beach, FL, and the house will not pass muster for a normal homeowners policy at the moment.  I'm told by an insurance agent that I need a "Builders Risk" policy t...

Hi everyone, I just bought a single family unit in Dallas 9 months.  It's considered a Class A property, and in an area where schools are all rated highly.  My tenants just moved in 6 months ago and claims that they h...

I need to replace a refrigerator for a tenant that i think may stay in house for a long time.  Instead of just buying some $500 fridge has anyone proposed to give the tenant a $500 stipend to purchase a fridge of thei...

I put a new refrigerator from Lowes in my house to sell.  During negotiations, the buyer said he worked at an appliance store and preferred a lower price and no refrigerator.  So, I saved it back for my next project. ...

Hi BPers!I'm getting close to close on a property and there are cracks in the foundation that the inspector found. I'm asking the inspector for a more detailed analysis of these cracks so I can decide if the foundatio...

Hey Guys!I closed my first investment property near Atlanta a month ago and I haven't got a tenant yet.  Here is what I have done so far.  Should I be worried (yet)?Property type:  Type B. Demographics: Decent demogra...

Hello BP Community -
I have recently bought a property through Wayne County Auction - (Detroit, MI)
Located in Highland Park Michigan.
A Duplex!
Occupied by Past Owner in one unit, the other unit is empty.
I hav...

Hello fellow BP'ers, I have a slight issue at hand right now. A few months ago, I acquired a solid deal - 2 two-families that are adjacent to each other in Paterson, NJ for $125,000 each. They were off-market and I kn...