Philip Tun
Advice on wholesaling a potential deal.
I met with a seller that wants to get rid of her property but from the sound of it she wants close to market price because couple wholesalers tried to give her a price and did not budge. The condition of the house is ...
LaMancha Sims
Building Vs Rehabbing
Real Estate Investing, in reality, is not as easy as it looks in movies and reality shows. There are cost overruns due to many unforeseen issues that comes with renovating a property. Making already slim margins to st...
Jonathan Forouzan
Investing in Chicago - 2-4 Units - Austin Area
Good afternoon,hope all is well.I am in escrow to buy a 2 unit flat in Chicago Il. Price is about $150,000, both 3 bed rooms and the building is ~2,900 SQF. There will be renovations taking place after the close of es...
Mikisha Simms
Property management
What kind of education is needed to build a successful property management business? My area doesn't require you to be a real estate agent or have a brokers license. I'm thinking about getting a Masters in either ...
Benjamin J Paoletti
Applying for HCV Program in Chicago
Hi All,What have other landlord's experience been like applying for and working with the HCV program? Pros and Cons? How long does it take to register your multi-family home as an owner?I have two tenants in two of my...
Scott Brown
New Jersey construction / mechanics lien issue
Hello everyone.I purchased a property I intended to flip back in June. This is a residential, SFH, 2 story colonial about 1200 SF. I hired a GC to handle the renovations from top to bottom and for the most part, eve...
Sampson S.
Tenant requesting improvements
So - have a tenant that moved in, and during her walk through, asked for a couple of improvements. I've been down this road before - so I rolled my eyes. But then she snapped me back to reality, and said that she ...
Nick Scapellati
How long do banks take on short sales?
Hey all. I have made an offer on my first short sale and was curious as to how long does it take to receive a decision from the bank. If any of my fellow BP peeps have bought a short sale I would love to know your tim...
Christian Nwigwe
1031 - finding replacemant properties
Hi fam - doing a 1031, need to identify a value-add multi fam/ apartment in 30 days. Any tips for finding off market value add deals?
Rob Hayes
6 unit Multi Family (No expenses from seller?)
I am looking at an out of state 6 unit multi family unit. The seller (Realtor) tells me there are no previous record of expenses to evaluate. The landlord (potentially me) is responsible for gas, water, sewer and comm...