Dear BP members,I am studying for Cal Real Estate Principles course for my salesperson license. The textbook suggests"... a contract that conveys an interest in real estate must: * be in writing  * contain a legal des...

Hello fellow BiggerPockets members. I recently graduated from university and am looking to break into real estate development either for myself or working for a developer. My background is entrepreneurial. I started t...

I am looking for input on how your credit is affected by a pre approval.  For example you get pre approved and don't find a property within the window that the respective bank has.  You then have to get pre approved a...

So, this is my first flip. My project has gone four months beyond the original completion date agreed upon with my original contractor. I had an inspection done today, and hope to have the property on the market by th...

Hello, I’m looking for a few people that have done a prehab to tell me how much they paid to get that done. I’m looking to buy a building in the Chicago area. I plan on doing the lawn, clean the outside and inside of...

Im in the process of purchasing a trailer park with 16 lots along with 2 commercial buildings.  I am moving my construction business into the buildings.  My question is with no experience with trailer parks is there a...

Hi, My wife and I are moving into a new personal residence in January. We are planning to rent out our current place and the numbers seem to work to us. Just seeing what people with more experience think. Our mortgage...

I own a tri-plex in a lower rental area. Not get neighborhood and tenants.
Question is can I sell that property in a 1031 exchange for a primary residence.
I’d rather rent out my SFH I live in now. I would want to t...

As interest rates rise markets cool (some of them), though not necessarily the markets I am in. If we enter a new recession, this can impact the values fairly dramatically. On one hand, rising interest rates are good ...

Investment Info:

Single-family residence buy & hold investment in Mount Kisco.

Purchase price: $1,800,000

Cash invested: $225,000

This was our first deal and we made a lot of mistakes on it. It’s...