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I'm in escrow to purchase a 6 unit apartment building in Ohio and I noticed the sewer and water costs were 73% of the total monthly expenses. Is there a way to lower those utility bills? Perhaps I could pay to have a ...
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I am on this site to get as much info as possible before I even look for my first investment. I would like to use flipping as a way to make enough money to eventually purchase a mid sized apartment complex. I have fo...
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Hello, i am a new investor in the Seattle area. Wondering about finding the best lower priced contractors, and whether other investors have used services through Home Depot or Lowe's.. seems like pretty legit pricing ...
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any trick to lowering closing cost fees. Some of these fees seem redundant. I was of the opinion most closing cost fees should not exceed 5%. Other than blatantly telling lender to lower fees, any other suggestions on...
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Hey BP, is it better to get a mortgage loan with points to buy down the cost of interest, or no points to not have high closing cost?
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I am trying to understand what my potential tax implications would be in this example scenario.1st property purchase:$600k with $150k down Sold for $932,5002nd property:Purchase price $1,925,000$385k down Sold for $2...
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Hello, I am going to complete a 1031 exchange for the first time.I recall that I read in a book that most people do not understand the boot rule correctly, and many 1031 QI's implement it incorrectly. Specifically, th...
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My apologies if this is a stupid question, but something's been bugging me for the past few days and I can't seem to find an answer for it.I've been renting 2-4 bedroom units in Chicago for the past 12 years and recen...
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Happy Mother’s Day weekend BiggerPockets family! My partner and I are looking to get our plans underway on buy and hold rental properties and I think a concern is going to be on lenders who have a minimum loan amount...
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Now that interest rates have spiked, home prices are dropping, uncertainty abounds and I am assuming flip profits are decreasing, does it mean lower rehab costs? Does "houses are no longer flying off shelves like hot...