Shiloh Lundahl
60k House, 15k in Repairs, $1750 in Monthly Rent
Yesterday we just signed a 1-year lease with a tenant for $1750 a month. We purchased the property 3 months ago. We found it on Zillow listed for 50k. The property is 3.5 acres, has a well, a septic tank, and a 1440 s...
Larry Smith
Borrowing from TSP....?
Hello BP family, So, I'm currently in the military and have been able to acquire one property so far. My wife and I definitely interested in another, but want to move on it sooner than later. I'm considering borrowing...
Frank Bonzai
where can i get multi family cold calling list? 16-50 units?
what are some good businesses where i can purchase a list? im on google and cant find anything besides reonomy
Dave Shutack
Which Chicago suburbs to purchase cash flowing multi-family home?
Hi BP,I'm looking to purchase my first MFH this year and I'm looking for advice on where to hunt for deals in the greater Chicago area. I currently live in Lakeview and love the area, but after a lot of research, the ...
Albert Ng
Paperwork process for FSBO transaction?
I searched, and there are a number of topic about FSBO. However, most only discuss about the marketing aspect of the process. Can anyone has gone through this explain to us the paperwork process? Let' say that we have...
Ian Gilligan
Initial bad cash flow - to buy or not to buy?
Hi all,
I have a verbal accepted offer on a house for $48k, with a long term tenant since 2008 paying $625 in rent (subsidized by County). The cash flow is bad at $75 on a 30 yr. But, it's a big 3/2 in a decent area...
Michael Crawford
Fleas in 3/4 occupied 4 family.
I have a situation where I am under contract for my first property. It is a 4 family, that I plan on owner occupying. 3 units are already occupied, with 2 tenants that seem responsible and cooperative and one that is...
Michael Taylor
Keep $30,000 for Reserves or Finish Basement
I purchased a 6 unit apartment building on the south side of Chicago In January 2020 that I had to rehab, it is on a one year loan with an investor. Not only did I have bad tenants that I had to evict, but then came ...
Joe Zouine
Newbie From Maryland
Hello All,
My Name is Joe. Thanks to all of you here at BP. I gained enough confidence and courage to start my own investment portfolio. I am closing on my first property next week. Comps 415-445k. Purchased ...
Sandy Uhlmann
Help! I have a motivated tired landlord and don't know what to do!
In the process of looking for properties to rehab to buy and hold, I have come across a tired landlord that wants to unload most of his rental properties. (he probably has at least 20-30) He is MOTIVATED! (his own w...