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Hello BP, after months of diligent and persistent search, I've finally found a deal to put an offer on. It's a 3-unit multi, two of which are currently tenant-occupied. Based on the rental market in the area, the th...
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I recently purchased two houses on the same street. Having recently moved to the area I was unaware of potential security issues. Since Local code requires primary residency to complete work as a diy’er I am living in...
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As a professional property manager myself, I understand the essential tasks that investors are looking for from their property manager, like rent collection, maintenance, and tenant screening. However, the role of a p...
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I am looking to buy a new property and am running into issues getting qualified for conventional loaning due to high DTI. I have a rental property which cash flows, however on my last tax return I had reported the reh...
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Many people think that investing in real estate is only reserve d for those people who have huge amounts of money and it should only be done as a retirement planning. Because of the fixed misconception, many people st...
My husband was laid off during COVID and was offered a position in Las Vegas. I am worried about the market/economy there and not sure if we should buy or rent. Unfortunately, I am a horrible decision maker, already...
I'm 17 days from closing on my first deal. I locked in a 30-year fixed at 6.5% with a local credit union (included points). A family member has since asked if I'd be interested in financing $100k of the deal with them...
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Hello BP,I am currently pursuing a 5 unit Multifamily purchase and upon discussing with the potential seller I discovered he feels he is unable to sell due to having a high basis in the property and not wanting to pay...
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Hi Chicago, For all the Chicago landlord out there, do you guys do Security Deposit or a non-refundable Move In Fee (Admin Fee) ? I own a condo unit in Chicago downtown area. Someone has suggested me to do Move In Fee...
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What can I do?My scores are in the very high fives, to low 600s. I am officially paying off the last of my collections this thursday, and then Ill be collections free, and I can be debt free in less than 6 months afte...