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About to take the plunge into real estate investment. Before I buy a house and start renting, do I need to make an LLC? Or maybe make a business of a different type? If so, what are some good resources? I'm located in...
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Just got an $85K insurance policy for a quadplex for ~$1400 annually (300k liability + 2500 deductible) from Farmers. Has anyone had better rates than this on their quadplexes? If so, what insurance agent did you us...
Hi Everyone,This is my first post on BP, but I've been reading posts and articles for a while now. Anyhow, here's the scenario: I'm debating on whether or not to make my first RE purchase 1) A 2 or 3 Unit that I would...
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Hi there,I am a landlord in Chicago. I own a unit on the 3rd floor of an apartment building that I currently have tenants living in. Last month, I had a leak in the refrigerator water supply line that caused some wate...
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Hey all,My name is Jack Jones and I am 22 yeas old and was in the army from May 2013-May 2017. I have just gotten settled back in my hometown of Vancouver , Washington and my baby boy was born on June 23rd :). So life...
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I'm buying a duplex in PA and the general inspector was quite shocked with the electric wiring in the house. Exact words:"Fuse boxes present for main services. This system creates a hazard with exposed electrical con...
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I am currently living in Richmond Kentucky while I finish up my degree here at EKU. Here is my question to you guys: I live in a mobile home right now that is about 1 mile away from campus. It is a nice place this is ...
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I was discharged out of Chp 7 Bankruptcy in Aug. 07. I have made some bad choices and now I am moving foward. The question is that I am trying to obtain a mortgage and wondering is there is a lender out there that wil...
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My husband and I are beginning our search for our first rental properties. We are looking at areas like Lithonia, Lawrenceville, McDonough, and Conyers.It seems like we can get decent 2 unit duplexes in the 70k-80k ra...
Hello BP gurus,I have a duplex that's over 3500 square feet, with a large partially finished attic that appears could easily become a third unit, though it will need a fire escape for a second egress.I would need zoni...