Tito Q.
Abandoned Property Next Door
Good afternoon BP family,
I am analyzing deals for my first multi family purchase on the south side of Chicago. I found a vacant 4 unit property where the numbers work, is on an okay block in a lower end neighborhood...
Josh Edelman
Las Vegas Market Recap for September + News!
Good morning!
Here are some data points from the month of September! Interest rates continue to stay and climb slowly since last month. With the newly started war in Israel and its potential impact on oil in the m...
Richard Guidolin
Resolving Dept of Building Violations from old owner
Hi All, I'm going through due diligence on a property and discovered that it has two outstanding DOB violations in Cook county from 2017 and 2020 from the Original Owners ("OO") who are not the Current Sellers ("Selle...
Hoang Nguen
Question about depreciation for remodeling of rental house
Dear All,I added two more rooms to current rental house. The remodeling was finished on November 2017 and Tenant moved in these two rooms on December 2017. Below is the list of items in the contract with constructor.C...
Michael Trees
Understanding zoning creates big gains
Investment Info:
Large multi-family (5+ units) other investment.
Purchase price: $300,000
Cash invested: $75,000
Live in fix and flip of a demolition house on a quarter acre in the path of progress i...
Jared Sorrentino
Wholesale a burned property
Hello all I am a new wholesaler working on a deal right now and i was hoping to get some advice on the risks involved in this deal. The seller is asking for 60k for the house as-is but it has come to my knowledge that...
Emin T.
Construction Insurance
HiMy company funds a construction. It owns the house with no mortgage on it. A project manager will find general contractor, get permits and handle the all aspects of the project. Do I have to get insurance for my com...
Eric H.
Condo Conversion NE Washington DC
Greetings BP Fam,I have a prospect looking to sell a multifamily in NE DC, 1300 block of Bryant street. 4 units, 1 bed/1 bath each. Seller wants approximately 600k. From my limited knowledge of the DC market I think t...
Michael Macquarrie
Is Your Financing Strategy Costing You More Than You Think?
As real estate investors, we’re always focused on maximizing our returns. But what if your current financing strategy is quietly eating into your profits?
Let’s discuss the hidden costs and potential pitfalls of trad...
Account Closed
Cautionary Tale
Below is a link about a recent Ponzi scheme that involved a lot of lower valued properties in the Midwest.http://www.mlive.com/news/flint/index.ssf/2016/04/...