Rob Terpilowski
Best practices for getting bids on a potential property
Hello BP,I am looking at a number of distressed properties to potentially purchase and rehab, and am wondering what is the accepted practice for getting bids on the property, as far as what point in the process do you...
Bryce Cutler
How do I best get smoke smell out of an apartment?
I inherited a tenant that smoked with a building that I purchased. He has left and we have had it professionally cleaned, replaced carpeting and painted walls and it's better but still smells stale. Any suggestions on...
Cesar Garza
Houston Property Flooded Tenant willing to Buy FSBO
Hi all,My rental property in Houston flooded (about 6 inches of water inside the entire house). I own the house free and clear. According to Zillow the property is worth around $100K. I was already considering selling...
Ted Davis
buying my first house
I currently live in a town home that I share ownership with my mother due to inheritance from my grandparents. The home is worth appx. $100,000 and will rent for $1,000/ mo. I found a foreclosure listed at 166,500 tha...
Victoria King
Lease to own risks and advice please!
We have potential renters who want to lease to own. They can afford the monthly payments but don't have the downpayment for the house saved yet- they have a plan to do so in the next year.We offered to allow them to r...
Adam V.
Local Investment Property HELOC Provider?
Hi All, I've been looking for a lender local to the Syr, NY area that will do a HELOC on a rental property. So far i've checked with multiple banks and credit unions and found nothing. Hoping someone might have do...
Michael Shea
Help with deal analysis - Buy & Hold SFR
Good afternoon,I'm new to BP and getting acclimated to the site and the resources available to me. I'm doing the BP 90 Day Challenge and I'm looking for some advice. I'm using the Rental Property Calculator daily to...
Adam Sawyer
Chicago Lease Using Docusign.
Hey everyone. Brand new member. I bought my first property in Chicago (A two flat) in February, and I have just approved my first tenants for June 1st. They are graduating from college in May from Illinois State, a...
Account Closed
Ontario - Adding a tenant to an existing lease
We have a unit rented to 2 tenants but they want to bring in another tenant to live there. Assuming we’re cool with this new person, what does the paperwork look like?
The existing lease was made by us prior to the n...
Stephen Solum
Section 8 payments as HUD lowers the rate yearly (Joliet)
Hello BP. I am looking into section 8 in Illinois in Will county (Joliet). As I was looking up the HUD advertised rates I have noticed in 2016 through 2018 the amount has been dropping. (Example 2 bed rents in 2016...