Hello, I'm house hacking a 3 unit in Chicago. The first floor unit gets really humid. There's no AC. It gets humid with the windows closed. With the windows open, it helps circulate air more of course but doesn't do m...

Hey all,I'm a real estate newbie and I wanted some ballpark cost estimates (maybe 20K range?) on a project I want to do. The property is a ~12 foot wide and ~33 foot deep 1914 brick rowhome in Baltimore City. I want t...

So me and my wife have been doing rental properties for 3 years and 3 months now. Usually in the beginning i was doing bare minimum pretty much to get then rented out which realistically most of them have payed for th...

I am going to put an offer on a bank owned REO, but the issue is that all the utilities, i.e. heat, water and electricity have been shut off. There was a pipe leak in the house and plumbing issues. How am I to do a ho...

I am finally interviewing several contractors and GCs about starting work on a 3bd 2 ba in Long Beach, CA.  Some of them are referrals or have good reviews online.I have some questions that I plan to ask, including if...

Good afternoon everyone.  I need a second pair of eyes to take a look at my numbers.  This will be my second property and I want to be sure everything looks good to before moving forward. I am open to any advice or po...

Hi - Many of the multi-family properties I have been looking at were built in 50s or 60s. Rarely did I see newer properties built after 80s/90s. Do you only buy properties that were built after certain years? I am wor...

My sister lives in a aprtment building with 5 other units. All but 1 of them is rented. There is her and 1 other female living in the building. The main drain backs up every other month, and the landlord told her it w...

This brings me to another question. I’ve read where buyer pays closing costs. ( regular wholesale deals). Do I need to adjust my price to buyer to compensate for this? If I do, what are approx. closing costs?
Say, c...

I got a call today about a tri-plex in Ft. Worth. These are the numbers the "finder" is giving me:
Investor price: $105K
Repairs: $30,000
ARV: $165K
4/2 rents: $900/mo
two 2/1's rents: $600/mo each

What seems fishy t...