I'll go full disclosure and say I typically only pay my normal PITI payment but I have on occasion plopped down and extra $20,000 on principal reduction in a year where I didn't acquire any other properties and have a lot of cash sitting on the sidelines.

Apparently acquiring a collection agency license requires first proving you have two years of collection experience -- or you must hire a collections manager.

I recently experienced the death of my grandmother. My grandfather is now selling their Lake House which he purchased for $235,000 in 2005. As of today, the same property is worth roughly $150,000.

He is ve...

I am learning to move and consume, walk and digest, run and retain.I still have some kinks to work out, one being my schedule (working midnights), two creating a marketing strategy in order to acquire leads, and three, making sure I ADD VALUE to those I may potentionally network with.

The only reason why I recommended the non-recourse loan, as you already mentioned, was to protect other properties that have been acquired via private money.

this may take a little longer, but in the long run, the tenants will pay for the mortgages, but I would have acquired more properties in a short span.2.

Hi BP,As I'm getting closer to raising the funds for and acquiring my first apartment property, I'd like to hear the bad and the ugly of your experiences and what you LEARNED from them.We usally her the good and the successes, but we learn most from failures.

Understanding and negotiating commercial leases is a whole separate body of knowledge to acquire or hire.Depending on the terms of the commercial leases and the local apartment market I would build in a vacancy factor to the NOI.

I recently acquired a 2 story cinderblock building.

I have had success in investing in condos in South Beach, but it was all about timing.....they were acquired on the rebound from the real estate crash in a buyer's market/ Now prices for condos in South Beach are skyrocketing and the capital appreciation has been well worth the investment, even though the cash flow wasn't great (but still positive) over the years!