Paul Winka
Have you had to hard wire your smoke & monoxide detectors?
During a walk-through of my property today, my contractor says that my 1966-built single family with basement will need hard-wired detectors: Plain old smoke detectors in bedroom, and combo smoke/monoxide detectors ne...
Adam Martin
Rehabbing a Rental Property Using a Contractor
So I agreed to a binding deal last Sunday on what would be my first investment property. It's a single family home in the neighborhood I've lived in for the past 4 years, and knowing what I know about the real estate...
Clarence Gong
Old house over 110 years. Is it an issue?
Hi BP family,I am looking at these old houses converted into Multiplex build over 100 years ago in Cleveland area. They have been rehabbed and renovated, and you know what, they looked pretty nice and not cheap either...
Cristian Nicolaie
Chicago area 0% down financing
I have been talking to various lenders in Chicagoland area and most of them look for 20 - 25% down on the investment property and even worst 65% commercial, 70% to value for refinance options. I was wondering if anyon...
Ray Dixon
thoughts on buying older properties?
I have heard from of few seasoned investors that i should try to stay away from properties that are 15 years or older unless the property has been previously renovated. My game plan is to hold and rent and with that ...
David H.
Attn: SBA Disaster Loans for Landlords
Attention!!!!
Landlords / rental property owners in affected areas of the Covid19 pandemic
The SBA Economic Injury Disaster Loans (EIDL) are available for rental property owners if your state has already made th...
Thomas Kennelly
Buying my Parents House with 0$ down but having 20% equity
Hello Bigger Pockets! This is my first post so feel free to give me any and all advice!
My Wife and I currently have a 2 year old girl and another one due in May. Instead of paying for the apartment we had in the loc...
Angela Yan
One must b Renovate RRR. In this buyer’s market. Do you agree?
Hey there! (Sorry, i wanted to change the title above to ‘seller’s market’ but BP won’t let me). I keep hearing from many investors that “numbers don’t make sense,” “not enough cash flow...”. I think when someone is...
Joanne Tsai
PM charges too much fee to get it rent ready?
Dear BPers:we typically identify the specific areas we'd like to invest in and find the PMs to serve as our realtors and future PMs.In this situation, we bought a house through the realtor/owner of the PM, and we are ...
Jordan Burnett
Net Income and Distributions Calculation
Pardon my ignorance, but in reviewing some income statements for investments I'm trying to make sense of some napkin math concerning Net Income and Distributions. For distributions to occur for a multifamily property,...