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Dear Real Estate Experts,I have an investment property that has been challenging to rent out. Recently, I received a proposal from a potential buyer who is unable to secure the loan they need. They are interested in p...
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Hi everyone. I am in the process of closing on my first out of state (Tennessee) rental property. (Sept 8 is expected closing date) I have a few questions. I am doing my research on setting up an LLC and one thing I...
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Today, I came across a term for me: Assumable Mortgage. As delved into it to learn more, I found that these loans are virtually non-existent anymore? Is that for the exception of FHA or VA backed loans? Diving even de...
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When I bought my first duplex I planned to house hack. My mortgage payment was a supposed $906.59, and it was, for the first two months. Then I got an escrow statement in the mail. This letter made me aware that my mo...
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Last month I targeted out of state absentee owners in Queens, New York. I sent out about 700 postcards and only got 1 call back and it was obviously unsuccessful. What should I change up? Should i target a different b...
Hi BP friends. I did the ultimate no no, my niece and her union plumber husband needs a place to stay in town, and I let them stay with me if he plumb my bathroom and does a little fixing up. Was specific in verbal fi...
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Hi All, I'm exploring to be a private or hard money lender. Went to a meet up today and learned that a developer, who seems to have a good track record based on his own account, usually borrows at 70~75% LTV of ARV f...
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I'm no expert when it comes to loans. Below is what I got from my credit union. Is there any thing below you would ask more questions about or be suspicious of? Seems like relatively good terms to me, but I don't k...
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Despite the local temperatures in Chicago still regularly hitting 90 plus, the cold winds of winter are barreling toward us like a freight train. That said, I wonder how many of you have started projects with snow on ...
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Looking to hire a property management company to manage my duplex, which I have been managing since 2018. Just wondering what to look for and ask before hiring? What are reasonable prices/fees to manage a duplex?