Working on creating my policies for becoming a landlord in Chicago, IL before i buy my first building because of the highly ambitious goal of having 1000 rental units by the time I'm 40 (which will be in 13 years from...

Would you open our envelope (picture in comments) and read our letter? How can we make it stronger? What type of follow up would you send? How soon after the original letters?We've read a lot about "yellow letters" an...

I have my first rental property and my first tenant is a needy one. He literally calls at least once a week about a problem. Some were legit, like a running toilet. Others, not so much; such as his wife thinking there...

Hello, Im planning ahead and wondering how some of you have managed the rehab and your contract. Once you have the contractor/GC you are wanting to work with, how do you both set expectations of what will be done and ...

I hear stories that people have bought houses for 10 cents on the dollar at sheriff's sale/auction.  How is that possible?  Why would a 50% equity homeowner default when he/she could put their property on the MLS at 7...

I have a duplex building I purchased in 2005. It is a pristine building that I update between every tenant and most of my tenants stay two years or more. I have a you lower twenties couple I recently rented to and the...

I'm in the initial stages of purchasing a multifamily property. I've been preapproved for a mortgage and I'm looking at properties that I find on Realtlor.com, Redfin, and Trulia. I contacted a Realtor and told him ...

Hi BP,I am starting a website to attract leads while also educating them so I am their source of info and can find their best option. I plan on using wordpress and host gator. I don't care if the site is aesthetically...

Two of my tenants have a washer/dryer installed in their units.Eventually down the road when I build up capital I would like to put a coin-op in the basement. When this happens how can I have them remove their washer/...

Hello beautiful people of BP! So I work for a company that purchases preforeclosures and specializes in short sales. I want to build genuine rapport with the sellers I get into contact with and I understand that a loa...