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Hello Chicago BP Community,
Back in 2021, I came on the Chicago forum and received some phenomenal input and contacts that led me to my first house hack in 2022. I have a feeling Brie Schmidt might see this, so thank...
This is for a friend of mine and I don't know Colorado Law.My buddy has rented a townhouse from a guy for the past 3 years, re-signing a 12 Month Lease in July '24. Last week the landlord mentioned he wanted to sell t...
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Has anyone used or evaluated the use of Wyoming Land Trusts and/or in combination with Wyoming Statutory Trusts for anonymity and/or asset protection, for Non-Wyoming state real estate? I have several properties in CA...
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If I get a conventional mortgage on a BRRRR, and get a HML renovation loan. Am I going to run into issues with the property having 2 liens on it? Does this mean the only way to use a HML is for it to cover purchase pr...
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What is the lowest score you would allow?
I used to allow lower depending on what caused it and require 2 months security, but not sure I want to do that any longer
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I just had a tenant move in 8 days ago who signed a six month lease. He texted me yesterday saying he wanted to break the lease because the apartment is too loud at night. (this is an owner occupied 3 unit, I leave r...
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I recently rented a SFR and was told the prospective tenants didn't have any pets. We have a no pet policy for some of our properties and allow some small dogs for others (no cats). This property would have allowed sm...
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I've always wondered this and now seems like a good time to ask. Lets say you buy a property right before a hurricane. I realize that there is a cut off time for new purchases before a storm but if let's say you get...
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So I bought a property using money from an old IRA. I didn't do the self directed since it was only $20K. The setup cost along with the yearly fee would be more than the 2k penalty for using the money. Here's my quest...
I know I can't mix the two in a single note, but can I mix IRA and non-IRA money in the same fund?