I'm about to close on our first out of state multi family property.  My brother and I have an LLC setup.  I'm the one who found the deal, worked with the lenders, found the property manager and will manage the propert...

I understand with the new tax law that if you use a HELOC on your primary residence to purchase (possibly improve) investment/rental property, that the interest on that HELOC is deductible.  Will this interest be list...

Hi BP members,Could you please share your thoughts regarding the optimal age of the building in which you are ready to invest? I faced with challenge of “young” multifamily property shortage in Cincinnati. Almost all...

Hello everyone, I am closing on a three family unit next week. The first floor is 3 bedrooms with washer and dryer in the unit (1,000 rent). The second floor is 3 bedrooms slightly smaller without washer and dryer (85...

Hello all, need help seeing what I'm missing. I'm a loooong time reader/watcher and first time having a seemingly perfect opportunity fall into my own back yard/ neighborhood. Been looking for a tri / quad forever in ...

I am contracting with a seller and am trying to understand my options on the close for my first land deal.  I am considering a buy and hold or a flip.  If I buy and hold it would be considerably less than if I flip it...

Hello all.  I'm appraising a three flat in chicago with an illegal garden unit.  Owner says an old water bill/document shows 3 units but city says two units.  Any thoughts as to the likelihood of getting the city to c...

Hey everyone!

Everyone heres location, location, location all the time. Is this really true? All the multifamily homes I find that the numbers work are in areas that aren't that good or safe.

For exampl...

I just got under contract today for a property listed on auction.com. It was on the MLS for $69k back in January. It was lowered to $58 then $54k just before auction.com got the listing. I did a pre-auction bid for...

I once lived in CA and in 1988 I bought a small 2 BR in a working class neighborhood. I have not lived in CA for 15 years. I sold the house this year and there was huge appreciation. The escrow company is insisting th...