I have a house now that is very behind on payments. I want to give the owner some money and fix it up than sell the house. I think the best way to go about doing this is to give her like $5k and get a contract with an...

Hello Everyone,I just need some clarification on the JV 50/50 Split and wanted to see what experiences people have had using this financing structure.The money partner pays the purchase price and rehab costs and the r...

My tenant in Chicago send a claim from a lawyer, stating I owe 27 thousand dollars in damages for not returning the complete security deposit.  The security deposit was 10 thousand dollars, she did not pay the last mo...

I went to a meeting two nights ago and heard a pitch for startup money. The basics of it were if you have a credit score of 680 or higher you can get up to $150,000 for a 10% flat fee up front and 0% interest for the ...

I have read this term, for example, "buy it 30% below market value" or something similar a lot on BP.My question to you all is, isn't market value relative to what people would sell it for anyway? So how do you know o...

Hello BP,I just had to share my recent experience with Section 8 rentals, and I couldn't be more thrilled. Initially, like many others, I harbored misconceptions about this program only hearing the negative connotatio...

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:...

Tenant left state.  I have their address, and they owe me about $2500 after damages and back rent.  I'm in Alaska, and will be sending her the security deposit statement tomorrow.  If they don't pay I can sue them in ...

Hi Everyone,I recently found an off market deal and will be touring the property on Thursday. They are asking 150k for a 2 unit that needs some rehab. I have a realtor but i assume since the deal is off market they wo...

Hello,Has anyone had any experience in choosing their first rental property to invest in EVER, to be out of state? Like the full experience of acquiring a property, managing the rehab, and then managing the rental aft...