My wife and I are ready to purchase our first multi-family, first investment property.  I was driving by a triplex in a low income neighborhood for 95k and grosses $1400/month.  After I scoped out the property, I came...

The past few weeks have left me very pessimistic. I'm feeling that the good times are very likely winding down for finding good deals in Chicago. Seems that lots of properties are overpriced and good deals are wrapped...

I just wanted to say THANK YOU BP!  If it weren't for this forum I would not be attending this course "How To Make Money Wholesaling Bank Owned Properties!" given by a local Real Estate investors group.   This board i...

Hello Everyone!I know that a college education isn't exactly necessary to get started in REI, but I am currently on my way to getting my degree and figure I should go for something that would help my endeavors in real...

I often hear the gurus and paid mentors talk about taking your business to "the next level". I'm wondering what that means. Does that mean that you should never be satisfied with the size of your business? Does tha...

Hi BP. Not too long ago, I took an opportunity to learn a bit about foreclosures. The information sounded interesting at the time, but now that I think about it, I'm having trouble making it make sense.So, say you obt...

Over the past couple of years we have focused mostly on flipping houses in Arizona.  But starting this year, 2017, we are now starting to pick up rental properties that we are turning into lease options.  So far we ha...

How are tenant property improvements handled???

Example.
Tenant installed laminate flooring.
Tenant installed new exterior door.
Tenant installed fence on the property.
Floor to ceiling mirrors glued to drywall...

A fellow contributor here, John Carbone, sent me a link yesterday to a lot for sale in the Smokies.  The price certainly seemed reasonable.  It so happened that I know the owner of the lot.  He is one of our homeowner...

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $143,000

Cash invested: $37,000

This is a beautiful, 4-unit apartment complex in a stable rental market of K...