So right now I have super limited income. I get about $750.00 a month in SSI and have about $1500 in resources (checking/savings) (the max you can have with SSI is $2000.Heres my dilemma I'm facing. I have a lot of he...

Can someone explain depreciation on a rental property. I’m new to the real estate so please explain it to me like you would a 6th grader.

Hi I am rookie, done only 1 flip, looking to purchase 1st rental. Met with a Commercial Lender at the bank where my business accounts are, a small local bank in Nashville, TN. The best terms he could offer was 20% dow...

I am an aspiring wholesaler getting in the habit of reviewing properties to get myself into the habit of finding deals. I am in Las Vegas however the property is in Detroit,MI and needs ALOT of work. Has been vacant f...

Hi, in the state of Florida (Miami Dade), my client is renting his apartment and we already have the offer/contract accepted, where does the escrow money go? A bank account? a title company? I am a new realtor and thi...

So I am in another state where I just purchased a duplex on Monday. I drove here and have of course have saved my gas receipts. My question is, is everything on this trip a write off? I am solely here to do some work ...

If a seller, who files taxes as "married filing jointly" and has owned their primary residence for over 2 years without any outstanding mortgage, wishes to sell their property for $750,000 and agrees to finance a seco...

Hello BP community....I have a few properties I'm discussing with another investor to sell them to him with owner financing.  They are turn key rental properties, cash flowing.  I would allow the note to season and th...

I have a question regarding modifying a defaulted 1st lien on a property. Here is an example. The original payment was extremely low, say $200. It was since defaulted on years ago, and now arrears have accrued. Is the...

Hi all, I have a quick question about lending for non US person.. Has anyone heard or know someone who has had any luck in getting a rental invesment deal financed (someone who is an overseas person). Like my case i a...