We purchased our first short term rental property on July 3rd in Fox Lake, IL. We did a lot of research in the are and strategically bought in this city since they allow short term rentals per their ordinance. Part of...

What’s the best way to draft a purchase agreement without realtors? I’m attempting to buy a house from an elderly family friend who would like to sell the house to me. We aren’t involving agents, and I need to draft a...

I have a fixer upper house which I bought for 4,000 in an upcoming area. I have contacted a contractor who suggested that we would partner together. The discussion was that if I buy the materials, he'll take care of t...

I have good tenants that gave me several months notice that they were moving out. Now there is about 2.5 months left, they just read the lease and see that we don't give the security deposit back until up to 45 days a...

Has anyone gone through the process of applying for the tax credits associated with renovating in a historic district? Question I have: 1) How difficult was it to renovate to the historic architectural standards?2) Di...

So maybe I'm overreacting, but I need to know what my fellow BP members have to say. Here's the story.  I'm working on my first flip, I chose to use my friend and contractor of 18 years, to do the rehab. Today as we'r...

Hi all!I am new to the community and thought the BP forum would be a good place to get started.  I am looking for some advice/guidance on how to break into the multi-family segment.I currently work in commercial real ...

We have an interesting twist on a new property we are negotiating. The owner has a home sitting on roughly 2 acres which for the most part only 1 acre makes up what would be considered the yard. The remaining land has...

I have the opportunity to buy a mobile home park. I asked a broker I know about multifamily investing opportunities and he showed me this property.  It is not listed on the MLS. It is 5.7 acres, currently has 12 mobil...

Curious what everyone does to keep track of all utility accounts and monthly bills for your properties. We have 7 units across 3 properties right now and varying accounts for each one - Gas, Electric, Water, Trash, Se...