Hello BP Family!I am a new member here on BP and have been voraciously reading everything about beginning my RE journey towards financial independence. I am almost done reading 2 books written by Josh and Brandon, and...
Hey everyone! Just had a question regarding LLC formation and what you guys think is the appropriate way to approach this. My brother and I have just gotten an offer accepted on a home. We want to form an LLC but are ...
I do electrical work for flippers, I can't believe the things home inspectors come up with. The owners say go ahead and do it, its cheap, but they (the inspectors) are just wrong! The most common thing is they want wa...
Looking to finance a purchase- it will either be a flip or rental. Currently don't have any income and my tax returns don't offer anything that would help qualify. Having a hard time finding a lender that will lend ba...
Hello all, I am trying to determine my first move whether that will be a Multi Family house hack in the Chicago area or a small house flip at first to accumulate some capital. I would need some time to accumulate a do...
Was wondering if anyone could provide a brief summary of what all is involved when lending to a rehabber. I found one that I am interested in lending money to for his projects but do not know what all is entailed as ...
I found another great buy and hold, however it has a pool. I am not really comfortable renting a home with a pool because of the liability factor. However, i got to thinking if i bought it right maybe i could fill it...
Hello fellow BP mates,
I just got started with my real estate investment journey. I live in the neighborhoods of Chicago and am looking to purchase my first rental property within IL. I am primarily looking for singl...
I’m making an offer on a MF and my realtor included my pre-approval amount with my offer. I offered $25,000 less than the asking price as there’s no comps anywhere near the asking price. Granted this building is much ...
Hey BP,I came across this listing on Trulia, and I'm hoping that someone else can check my work.I did my analysis on google sheets here, the result of which is that I expect a healthy cash-flow. Overall, its $46k to ...