Timothy Hood
Concerns about 1st Deal
Hello Everyone,I'm going to write an offer on a Fannie Mae REO condo marketed by HomePath.The property is 2bed/1bath unit listed at 45K. Another unit in the same building sold for 35K earlier this year so that's what...
Bobbi Martinez
Mission Statement
Hello!I'm quite new to BP and to real estate investing. I've not purchased my own first home, let alone an investment property. However, my goal is to learn all I can as I prepare to purchase my first property withi...
Freddy Hernandez
BRRRR - Evicting Current Tenants it New Purchase???
Hello BP!I’m in the process of closing on a 2 flat + living space in a C-/D part of Chicago that is on the outskirts of a very up and coming neighborhood.- Was on the market for $120k 3 months ago- Dropped to $100k 1....
Mark N.A
Grease Fire - Security Deposit Question
So there was a grease fire in one of our units last night. No one was hurt but the fire did some half-way serious damage, especially since the children's sitter tried to dump the burning grease down the sink.
The in...
Lisa Monroe
How much would you wholesale this for?
I am not wholesaling anything but had a question.
You find a REO for $500,000. Market value is $3,500,000.
How much would you wholesale this property for? And would your end buyer have a problem with the spread?
Peter Morgan
Tenant brought rats from his previous residence?
One of my rental units never had rats. I used to live in the unit before I rented it out to the current tenant who has been living in the unit for little over an year.While vetting this tenant I found this tenant work...
Shawn Stiteler
1st time advertising a rental, and need help with 2 things
Ok, this is my first forum post (on any platform) so hopefully this comes out clear.I just advertised my first rental and we have been getting calls and I have come across 2 things I was not prepared for.1. We have a ...
Maria Teo
Architect referals, now what?
Hi BP folks. I am remodeling a unit - adding a bathroom, laundry unit, and updating kitchen. My PM suggested an architect, rather than a home designer or draftsman to draw the plans. He referred a couple options but h...
Daniel L.
Consolidating multiple parcels for urban condos/infill development
For those of you that can tolerate a novel...Here's what's going through this novice investor's mind : ) After a year of REIA meetings & a reading a shelf of books I’ve just gotten my first property under contrac...
Kyle B.
REI Clubs in Chicago
Hey everyone,
I had a quick question for BP's Chicago-based investors. Wanted to know if anyone here is involved in an REI club located in the actual city of Chicago. I've done some basic searches for this, but have ...