Keith Saunders
First time buying land need some advice
I have been wholesaling properties for the last 6 months and doing ok with that. But what I thought was going to be another wholesale deal has changed into a deal for 11 acres of heavily wooded land in a very well est...
Hannah Mulvey
Water bill $5,000 in one month!! HELP!
I purchased a multifamily home in a tax auction in September 2014. There was a past due amount for water which amounted to around $1,000.00. We knew we would be responsible for this, and once we received the deed, we ...
Leah C.
Newbie- considering buying 2 unit home with code violations
Hi all, two questions: is an old 2 unit house required to have 2 doors (or 2 egress options) and how much might I owe to fix it?This is the first rental I'm seriously considering- it's on the west side, 2 units with a...
Mark Reit
Sprinklers requirement in 2 family
Good morning,We are updating a 2 family in Sloatsburg, NY and we are dealing with a very difficult building inspector who is changing what he says every day.Originally, he said that a cellar (3rd floor) which we are ...
Dan S.
Water Bill missed by Title/and Municipality - falls to New Owner
Hey folks,Looking for advice on a situation where I closed on a house through settlement company on 6/29 and about a month later was sent a bill by the water company for $300 for a meter that was put in before settlem...
NIcholas Hamel
Are HELOCs only for primary residences???
Hey everyone I was looking to get a HELOC on an investment property i have. My lender said HELOCs are strictly for primary residences and not for investment properties. Is this standard for all lenders or have any o...
Matt Ferch
HELOC - where to get? Terms?
Hello, I own two rental properties outright, bought with cash. I’d like to get a HELOC? Who should I approach? What are the terms & parameters likely to look like?Thanks!
Marlon Haywood
What do you do when hit with a stop work order in Chicago?
I was hit with a stop work order in Chicago for partitions in the basement that were there when we purchased the building. I need advice on best way to move forward. I emailed and called the inspector but did not rece...
Pat Hamilton
RENTAL LICENSE renewal - BIRT / NPT taxes - "disregarded entity"
My rental license renewal is stuck in tax revenue limbo...they won't renew until cleared...I've been on the phone with them (mostly on hold) forever.Anyway, I purchased my 3 family home under and LLC but the City trea...
Eli M.
Final Mortgage Approval before closing
Dear BP community,I have a question here, once I get pre-approved for a conventional mortgage, will they check my employment status right before the closing ? And if they will, what are the possible ways they could do...