Let's see if I can keep this short and sweet. I just closed on a 7-unit building in Chicago for a very good price. My biggest and most expensive decision is whether or not to convert the massive boiler/radiator system...
For beach properties that are within a few blocks of the beach, how often are you having to repaint the exterior of your house? I’m trying to have some idea to calculate for reserve capex needs. Thanks for any feedback.
I am curious. If your goal is a quick "high" return and you had $1o,000.00 cash as a starter fund, would you attempt to be a lender or would you attempt to flip or would you take some other route in the REI realm a...
i have been playing with the BP rental property calculator. and i have been using info off of zillow on a specific property. like for instance zillow tells me the estimated mortgage, taxes, insurance, market value. ar...
Obviously I need to actually talk to a lender about this but looking for general information on how this could/would work. I have a 1st Mort on my PR, balance of about $97K, I also have a $50K Heloc with a Balance of ...
My wife and I recently purchased a three-flat in Berwyn and are house hacking for at least the next year. The property has a single furnace, so we cover gas and heat for all three units (which can get pricey in Chicag...
Good day BP. As many have said, it is AMAZING the amount of information on these forums. I am interested in fix and flips as well as rentals for long term cash flow. One of the things I see debated a lot on BP is t...
My husband and I are in the process of renovating our basement to be a separate 4 bedroom 2 bath unit. We are debating whether we should turn it into an Air BnB or have a long term rental. Does anyone have any experi...
My tenant is requesting central air be installed this summer. We agreed to check into installing central air this spring when the sign the lease last fall, with the knowledge that the rent would increase if we did in...
I have started and am running a new service in my company for helping property owners and landlords take advantage of the short-term rental phenomena! I am a broker, and investor myself, and a year ago I decided this ...