I'm going to be selling some land that I own w/o a mortgage and will be doing a 1031 exchange with the proceeds. Am I allowed to finance another property with the proceeds? For example, my proceeds will be about $20...
Hi, we manage properties in a partnership and in a couple LLCs. We have Lowes and other accounts to purchase materials for repairs or renovations. Those expense accounts need to be paid with funds from the correspondi...
Hello everyone,
I am about to start writing out offers and I wanted to know the general opinion on how to find proper comps in the area when calculating ARV. What has been the most reliable way for you to calculate t...
Does anyone have experience with using either Baseline (https://www.baselane.com/) or Relay (https://relayfi.com/) when it comes to managing rentals and banking? I've heard Baseline ads on the podcasts, but I've also ...
Hi,First time needing to hire an electrician. I have one bad meter and was explained to me that my meters are antiquated and setup different then they are setup these days so both need replaced. $2,300 fair? Any recom...
My property management owner portal shows all work orders and repairs submitted. In a recent repair, the work order file uploaded had a filename with a different address in it. It went something like "workorder# 11232...
I had prospective tenant's view an apartment yesterday. When they learned that there were multiple interested parties, they put down a security deposit to hold the apartment. I did not have any agreement on hand to sa...
Hello BP members,
I am new here and have been an infrequent visitor on bp for the last year or so. I am looking for advice and guidance on how and where to invest in the Chicago area. I currently do not own any inc...
Hey All,This is my first post on BP which should probably be in the introduction page. Ill head there after this post. I am debt free with an outstanding credit score. I've done Hundreds of hours of reading on RE Inve...
Looking to purchase my second property and I'd like some advice on which deal to pursue. I apologize ahead of time for this post being a little bit of a read.Deal #1: Owner occupied 4 unit via fha 203k loan. Property ...