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I live in Washington State which is very tenant friendly. I have read and used The Book on Managing Rental Properties as a reference and have always approached the Section 8 question from potential tenants with "inco...
Hello! Seeking help!!
I’m a landlord in Chicago, I work in a hotel and was laid off due to the COVID coronavirus crisis. I also am receiving less and less of my rental payments. My gross income in 2019 of $80,000 doe...
Hey BPI'm in the early education/planning phase of my REI journey, laying out a road map to financial freedom, and I'd really like your input.I am leaning heavily toward a focus on multi-family rentals and want to see...
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I recently purchased a 3,125 square foot empty lot in the 27th ward area of Humboldt Park Chicago and I was wondering how difficult it is to re zone from RS-3 to RS3.5 or RT 4. I was hoping to do a new construction Du...
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Right now, I'm pending a duplex for a client: 3241 N College Ave. I cannot reveal the contracted price as that's not allowed but asking price was $410,000. Mortgage is around $2500 when you factor in taxes / insurance...
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Edit: Unsure if this is best suited in Starting Out, or Investor Psychology...My wife and I are pretty new to this whole thing, and we have a lot to learn. We currently have 1 unit and it's working well for now. As we...
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Hey All,So the question for the day that I have is for all you Multi-Family owners what are some of the best systems you have in place right now that allows you the least amount of headaches, not having to physically ...
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So, basically I wanted to start practicing analyzing deals. I saw a house here in Atlanta for 14,900. The last 5 homes sold anywhere from 58 to 68k the closest home comparable was sold for 65k. The home is 3bd/2bth b...
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I am an wholesaler who recently had a double close. i would like to know the following?
-Are my proceeds subject to capital gains tax?
-If so, What portion of my proceeds will be subject to the capital gains tax?
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I have been listening to Bigger pockets podcast and have been thinking of getting into buying my first house for a flip. I have a stable job and currently living in an apartment. I have 750+ credit score and $5k in sa...