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Hey everyone!
I'm diving headfirst into property development here in Chicago, and honestly, I could use a little help from the community.
Here's what's on my mind as I kick off this journey:
Finding the Right Deal:...
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I have agreed with a Seller on price and all other terms and conditions, except one. This property is a 2 unit building. One tenant informed the owner that he is moving out earlier this month. The tenant followed b...
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Hello. We make our application accept/deny criteria very clear to our applicants. We would like to add a clause that states something to the effect of: "Your application may be denied if you or anyone residing on ...
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I have read several posts from investors who are in one part of the country buying rental (buy and hold) property in another state / area of the country.
My question is how do they perform the due diligence to check...
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Hello BP Community, I am new to landlording...just closed on my first property about a month ago, I'm in the southeastern PA market, it is a side by side duplex with a detached barn I rent out for storage. I inherited...
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Hello everyone.
Thoughts on structuring this deal. What to look for? What to be aware of? Simplest way to put it together. Suggested steps to take or a great general outline from beginning to end. Advice from...
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I am in the process of obtaining landlord insurance for 2 properties:1. 2300 sq. ft. home with 3 car garage and in-ground pool worth ~ 560K2. 504 sq. ft. condo in La La Jolla worth ~ 285K I am getting suggestions on c...
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I have a tenant in good standing who has a good job, pays on time, is responsive and responsible. He broke up with his partner (happens) and has a new partner who is moving in. He was very upfront about this and intro...
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When rehabbing a property, at what point do the expenses become tax deduction? I realize that it will raise your basis, which will effectively reduce your tax burden when you sell.
Here...
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I have just posted my first rental "for rent" on the market. First question. I am looking for a solid game plan to collect rent that allows my tenant a couple of options to pay. I DO NOT want to door knock monthly to ...