Stewart McMillan
HOA President purchased 2nd unit in 3 unit building
The HOA president purchased a 2nd unit in our 3-unit building. This has rendered all of the units in the building unwarrantable and will make it harder for me to sell my unit which I intend to do soon. All owners in ...
Brooks Rembert
Lease Option for Homeowners Behind on Payments
I've heard of folks buying houses from sellers who've fallen behind on their payments, then leasing the house back to them to avoid the pain of moving, etc, but another idea came to me, which I'm positive is not an or...
Patrick R.
Best Places To Buy For Long Term
I'm in my 20's and have about $55,000 per year in discretionary income. I need something to put it into and figure real estate rentals are the best bet thanks to the combined returns of rental income and the accrued v...
Kate J.
Chicago agents, advice needed
Hi All. I am having trouble to sell the property in north subs of Chicago. I've listed it in end of May, and had 2 offers which I stupidly turned down, as I expected it to sell for higher price. Between mid June and n...
Billy Gullett
investor from Louisiana
Hi. I'm pretty new to the real estate scene. Just purchased my first rental property/future flip house last month. I'm looking to expand my horizon and learn as much as possible and hopefully become a full time invest...
Trevor Schmitt
STR cleaning fees
Hello BP crew!I am seeking opinions and advice from those who have some experience/knowledge with strategies around the cleaning fees charged for your STR. Currently, I have 4 STR listings on AirBnb... my occupancy is...
Michelle Svetlitski
For a mortgage, if you are an employee of an LLC you own are you self employed?
My husband worked an employee for a medical device company for 20 years. In September he opened his own company to become an independent distributor. At that time we did not consider the implications it would have for...
Taylor Robertson
House caught fire day before closing. What to do?
I was set to close on my first home today. Last night, the tenants on the other side (duplex) caught the fireplace ablaze and caused substantial damage to their side of the house. The inspection report stated the fire...
David Gleason
How to maximize leverage on 4 SFH rentals to get to that "next step"
HI BP community! I currently have 4 SFH rentals in the southeast, 3 of which are owned free-and-clear save for property taxes and insurance. The 4th has a LTV of 40%. Combined rents on the property net roughly $420...
Derek Sperzel
Flooring Options
I own a house I am going to rent. The carpet is trashed, and it has original hardwood floors under the carpet, and I have refinished hardwood floors in the past.
My question is, am I better off refinishing the har...