Looking at two adjacent duplexes. Listing for $580k, the four identical units are each 3 bed 1 bath renting for $1200 a unit. Average rents in the neighborhood for comp houses are $600+ per bed. Taxes are $9600. N...
Hye guys, Chelcie here, I have a quick question for you. I am in the Jacksonville, Florida area, and I am wanting to start a property managment company of my own. 1. Do I have to be a licensed real estate agent in ord...
Hello All,My name is Phil, a real estate investor in the Chicago/Central Illinois area. I am relatively new to BP but have already learned a ton from the forums and podcasts. I am considering purchasing a condo in cen...
Hey All,I am in the process of closing on a house I have 2k tied up already. I have sent multiple bank statements that have been requested of me and recently it looks like they were able to view my account and see I d...
I met an agent that works with investors from time to time. We discussed her bringing buyers to me for my wholesale deals. She would like to enter into a simple non-exclusive agreement that sets up the terms of this k...
Hi BP Fam,
I am curious to see what everyone considers fair for allocating ownership in an equity partnership, specifically for self storage. To keep it simple, I am wondering what percent to allocate for (1) finding...
I have a four plex that I am in contract for but the inspection revealed galvanized steel piping from the 1930s when the place was built. The inspector did find one rust spot that looked like a possible previous leak ...
Hi all, I've been looking diligently for rental property, typically duplexes, triplexes and quadplexes, but with today's prices, even if I were to buy these properties at a 10% discount to asking price, I'm coming up ...
Curious, what should be the approach of wealth building through investment homes for Buy & Hold strategy for atleast 5-10 yrs. What are pros and cons to consider investing in single family vs duplex homes. Appreci...
We found a property that on paper and in person appears to be a good deal. The problem is, it's in a high flood zone that was previously heavily effected by Sandy. The properties foundation since that time has been ra...