I want to stop accepting cash as a form of payment for rent. I want to accept only money orders, checks, direct deposit and or electronic payment through Zelle. I've tried to find an answer online but, I can seem to f...
In the past, I have only collected rent by money orders. Last month a tenant asked me if they could pay through Venmo. Is there any reason why I should not let tenants pay through Venmo?
I have tried to collect th...
I am browsing the internet looking at multi family investment opportunities. Is it reasonable to offer 80% of the asking price on properties that have no real issues? Also, would doing so insult the seller to the poin...
Hello fellow BP'ers, does anyone here have direct experience in converting a Basement of a 2 flat into a Legal Apartment? In the condo boom I noticed a lot of basements being converted into condo's so I would imagine ...
I bought a condo in Jan of 2013 for about 250k and now similar units in my building are now selling for around 300k.I have another house that I'm fixing up and should be done with in a few months. I'm wondering if I s...
I'm still new to real estate investing so I need a little guidance and advice on which way to begin. I already decided that I want to be a buy & hold investor. The question is do I start out with SFH or Multi-Unit...
Hi. My name is Cody. I live in Chicago with my but I'm originally from Arkansas and my family still lives there. During the days I write code as a software engineer for a small-ish startup. At night I'm either trainin...
Hi folks-I am looking into purchased my second rental investment home. My first one was a SFH in Cincy that has been doing fairly well for 1200/month rent on a 104K property. I live in Chicago but manage it remotely a...
I'm in the middle of a duplex build on a small piece of property that I've owned for a few years. I thought I'd share what I've spent so far and see if there are questions/comments I can share. I often see discussions...
Hello all,I’ve been investing for about 5 years in single family properties that I manage myself and decided to jump into multi families. My question is, is how would I calculate a deal using the cash on cash method w...