In the market that I am looking into there are some neighborhoods that appear to cash flow really well. I would describe them as upper lower class areas. A lot of investors in town own rentals in these areas. However,...
So we are about to close on our first 6 flat building and when speaking to my banker (who is also a REI), she stated that she requires 2.5 months rent for her security deposits, because we live in Cook County and evic...
I am a new real estate investor, and my current strategy is to leverage the VA Loan with a 4-plex to reduce my monthly rent expense. The goal is to free up more money to reinvest. I am aiming to have a portfolio of 2-...
Back in 2022, we tackled a property we affectionately called the "Scary House," and trust me, it lived up to the name. The home was in rough shape—think mold, a hole in the roof, and years of water damage. The owner, ...
To my BP family,When I am running my pro forma on a potential investment property, I always get stuck on whether or not my expense numbers are correct. I can accurately estimate utility costs as most util companies ha...
For those that think investing in the Ghetto really is not as dangerous as they say please take a look at this video. We actually know these particular bailiffs. They have done several evictions for us & have told...
My tenants haven't paid their rent since July. I know, I'm too soft-hearted for this business, but I'm becoming less so, trust me. After they broke their 5th (6th?) promise on Friday, I served them with a 3 day noti...
We rented our home out to a family on Section 8. It was our first rental and we made errors did not do our due diligence. We discovered several violations against their lease agreement early on but faced the challenge...
Right now many investors think its them and are now trying to time the market or stuck in wait and see mode.
the real losers are Tenants and those who wait thinking that the market is going to crash.
From my trip...
One of the tenants in my Triplex consistently pays rent late each month, the latest date paid so far has been the 11th of the month, the tenant adds to the fire by being impossible to reach, doesn't respond to calls o...