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I asked my loan officer (conventional loan) the following question and the answer was NO.   If I wanted to do what I proposed the loan officer said the loan will have to be "commercial" :>>>>>>>&g...

Question: I came across a deal in the hottest part of town for a deeply discounted price. The caveat is that the property is zoned for Hotel use. The trick is to charge monthly rents without a lease. What can I do wit...

Just starting out with real estate investing and I haven't talked to the CPA yet.Let's say you have a day job that pays well, $200k/year.If you acquire 2 rental propertiesproperty 1rental income - expenses - mortgage ...

As far as I know, you're required to carry homeowners insurance when you have a personal residence.

If I, as an investor, acquire a property subject to owner's existing financing, what about their homeowner's insuran...

This is my first post. I have been in the RE business since graduating from college. The past 15 as a loan officer with dabbling in building 12 years ago and flipping home right out of college 20 years ago. The dis...

Hi my name is Javon. As of right now, I’m trying my best to gain as much information on the fundamentals of Real Estate but I’m having a hard time wrapping my head around “Equity” and why it’s beneficial. Can someone ...

Hi BP,I'm trying to purchase a 4plex with my VA and live in it while I fix the property and get all my processes down. My question is if I make offers that are 20% lower than asking price and my offer gets accepted, a...

My partner and I have these two particular Illinois properties that we acquired via tax deed. We hired realtors to sell these properties for us only for the realtors to discover that the houses are occupied. Now, we k...

Hello my name is Marcus and I am just starting to utilize my BP profile for something other than the podcast and calculators. Just looking to network with people in and around the Chicagoland area. Always looking for ...