If one goes with a private lender (good relationship) vs. bank or prof. hard money lender, but seeks 100% financing for the first deal - is it better to go with a debt or equity partnership? Would love any input from...
My question... how do you all know how much reserves is enough?? What is "safe" or responsible to start? I've read 6 months reserves on all fronts, but I've also read people "making it" with zilch to their name. Do yo...
Hello BP,
Today is the first month of the lease where tenant was to pay by either mail, person, online. I was at the property doing a quick fix a few days before rent was due and tenet said they mailed the check. It ...
I've been landlording a while now and I've now come to the conclusion that unless the numbers support a full rehab (and by "full", I mean completely redone the way I want it), I'm not interested in doing it. I've bou...
Hello BP nation! How important is credit in regards to real estate investing? And also where can I find a credit repair personal?
Hi All!I posted several weeks ago when my curiosity was first piqued in the world of Real Estate. Now, I've developed a more defined plan that has me in the market within the next 1-2 years for my first rental propert...
Looking to make an offer on my first rental property. It is a two bedroom, one bath condo unit in Oak Lawn, a southwest suburb of Chicago. Neighborhood is a nice, middle class area.
Listed as short sale on ...
I had a tenant who I also knew personally for years ( I know big mistake) She has been a pain from the beginning. Never paid her entire deposit, owes late fees, had unauthorized pet, did not take care of appliances an...
I'm currently looking into investing in my first property and doing a fix and flip. I've been able to find a property that's selling really low, so I see it as a great opportunity to get my feet wet being that the ris...
So long story short i own a 4plex property and i did it with the help of a mentor thankfully. So before and after all I've done is listen, learn and read about REI everyday that my fiancee said i talk about it in my s...