Rick Roberson
Please check my math and thinking
Hi, Got a chance to buy a quad and wanted to see if you guys agreed with my math and thought process.1 unit 2/1 rent $5252 unit 1/1 upstairs rent $4101 unit 1/1 downstairs rent $425.Owner pays garbage & water/sewe...
Patrick Howe
Chicago Building Code Violation
I recently purchased a 3 unit building on the Northwest side of Chicago that I also occupy in June 2015. There is a single story addition on the rear of building with a master bed and bath. The addition appears to be ...
Jamal L.
Ideas for commercial space for lease
Hey BP Fam, Im looking for some creative options to lease a commercial building I would like rent for on a long term lease. I will need some build out time approx. 30-60 days and would like to have rent reduced or mak...
Artur A.
Need guidance: Property manager transparency & high expenses on old property (1910)
Hi Everyone,
I'm facing two issues with my rental property and would appreciate your insights:
1)Property Manager Transparency: My property manager doesn't readily share details or invoices for expenses, instead ask...
Rick Wiggins
Help finding the Right insurance Company
Good Morning BP, I'm not a complete newbie but I am with owning multiple properties at the same time. I'm having major issues with Allstate. We have multiple SFH's, a duplex, and 2 more SFH under contract. Each proper...
James Zhang
Question regarding the title of a property from a Tax Sale
Hi All,
I purchased my first judicial tax sale last year. I thought that I did enough research into it but I clearly did not. So I had to learn the hard way that most title company wont underwrite a title insurance...
Bienes Raices
At what point do you need a GC?
I'm a little unsure about when you would use a GC vs. not.
As a hypothetical example, if the house needed painting, new carpet, cleanout, and had some holes punched in the walls that needed to be repaired, would it b...
Rob Ward
8% ROI Good for prime location?
I'm new here and I figured I'd see what everyone has to say about an 8% return on a retail/office building in a prime downtown area.
3200 of the 6000 sqft are currently rented out, 1500ft is rented for $2300/month, 5...
Erik D.
Seller All of a Sudden Cannot Afford Pending Assessments
I have been working on buying a condemned duplex for quite some time now.I've gotten bids from general contractors, a structural engineer's report, etcEverything is set for closing, the lender is ready, I am ready, al...
Tiffany M.
How many comps are needed?
If a house only has 2 or 3 comps within the area and 6 month timeframe but the comps have the same features of the house in question (ie. same bdrm/bath/sq ft/age) and the comps are rehabbed properties, will 2 or 3 be...