Donald Campbell
Bit off more than we could chew...
Not looking for a pity party here, just some tips for newer investors that might save some pain for others. I'm not giving up on real estate investing and this is a learning experience so not a total waste. This was ...
Joseph Turano
203k Renovation in Chicago- Advice/General Contractors
Hi people,I'm looking for any and all advice regarding the FHA 203k Loan/ Renovation process for multi-unit properties in Chicago. If anyone has experience (positive or negative) i'd be curious to hear what it was lik...
Bienes Raices
Have you ever had too many people living in your rental?
The reason I ask is, at the foreclosure I just bought, the neighbor claims there used to be about eight cars parked at the house, and tons of people living there. He may be exagerating but clearly there were too many ...
Account Closed
Joint venture v.s syndicated
Can someone please explain the difference between a syndicated and a joint venture
Yao Thompson
Application Timeline for Prospective Tenants
Is there a set timeframe that must be adhered to between when an applicant submits and pays for an application to rent a unit and when they must receive a decision by? I am in the process of renting out a home and aft...
Brandt Welch
How to Finance My Second Property
Hello BP community!I recently purchased my first home about 8 months ago and I'm looking to buy another in the area to rent out. I had a conversation with a lender this morning and he mentioned that the underwriter fo...
Grant Pope
First time searching for renters
I am just starting my search for my first tenants of my second rental property. My first property has been rented by family and has been a breeze. I am now moving onto a property that family won’t be living in. The to...
Michelle S.
Who has done a new Residential home build on their own?
Have you done this on your own without contractors and a builder? What did it cost you and/or how did you successfully cut costs? Permits or no permits?
I'm in Texas, and have acquired a nice piece of 1/2 acre of lan...
Alex M.
Mixed use 4 unit property
I'm considering buying a mixed use property which is a very interesting place.
To begin with, the building is vacant and although the seller can finance it himself, I am only looking at the option to buy through a FHA...
Powell Chee
Turnkey & recommended cash reserves
Hello BP,I have a question. I am interested in purchasing a turnkey rental out of my market and I'm looking at providers in cashflowing markets. I wanted to know how much in a cash reserve is recommended on these ty...