Hi all and as usual, very comforting to have BP to share & ask questions in.  So below is the quick and dirty overview of my situation:- claim #1: submitted earlier this year for substantial water damage in LA ren...

The City of Buffalo is holding their In Rem Foreclosure Sale in a few weeks (Oct. 3-5) and I am hoping to get a better understanding on the potential deals. Or better yet find someone who has any personal experience ...

How difficult is it to do fix and flips while working a full time job? What are some of the challenges and how could you overcome them. 

I have a firm offer on my first rental property (equal parts anxious and excited)!  I waved the financing condition and I'm set to close in under three weeks.  While I thought I would be able to get financing from an ...

Hi all,I've been advised to add a clause in my lease stipulating that tenants pay for a portion of repairs. The idea being that such a clause will prevent them from calling in repair people without thought. Historical...

Hello: I would appreciate anyone's input into my analysis of 2 multifamily apartment buildings I'm looking at. I'll use the asking price for the analysis, although I expect I'd offer less for each of them. Both a...

1) Don't put 20% down. Especially if you are just starting out and don't have tons of cash and therefore won't be able to move on your next deal if you do put 20% down. Lenders love that 20%, but it just isn't necessa...

Hi All,
I recently put an offer on a home in the Greater Boston area and found out that there's work done in the basement which did not have a permit (in law with bathroom and kitchen).  Makes me a bit uneasy and hav...

Looking for feedback on this potential deal on a fourplex in my area.

Purchase price: $160,000

Gross rents: $2600 per month.

Principal + Interest: -$648. (20% down. 30 year fixed loan at 4.5%)

Expenses
T...

BACKGROUND:
COVID-19 has created a state of chaos never seen before in the modern world and as we dream of getting back to “normal” there is an unsettling reality of what exactly “normal” will look like on the other ...