I was approached by a well know flipper in my area.  He is only looking for 15K. Here are the details, he is looking for 3 people to lend him 15k. He needs 45k to flip this property. after the property is complete he ...

So I recently had my only tenant give notice, and am about to start the search for a new one. Just wanted to poll BP for what minimum FICO scores you require for applicants, I know this can be area specific, the prope...

HI all,I have a tenant (Texas) with an upcoming lease expiring and wondered if I can raise the late fee while going month to month? Does this require a new written lease or just a written notice regarding a late fee i...

Hey Everyone, So here's what I have:I'm in the St. Louis area and the property I'm looking at is a 4 unit 2 bed 1.5 bath townhome asking price is $599,900, I'm assuming because of the many repairs it listed such as ne...

In the last few years me and my wife got into the real estate investment world, me with flips her with property management and getting her real estate license. She managed 45 properties for a guy in town but recently ...

Hi, Steve here. I am very new and right now in the obvious learning phase. I really want a local mentor here in Grand Rapids Mi. I have sent out emails offering to clean vacancies, answer phones, run errands,  take ph...

Hello,I was offered a 2 bedroom one bathroom rental house through my mother for 50-55K in florida. The home was built in 1956 and had a new roof put on it 2006. It has 918SQF of living space along with a 216SQF unfini...

The past year I have worked with one investor who bank rolled the entire operation and we split the profit. After two homes we decided to create a company and partner 50/50 on everything. We have 100,000 in cash. We a...

Hello All,new user on BP. Ive been "creeping" on forums and listening to podcasts for a few months now and have decided to become more active. :-)I live in a semi-rural area.  With cheap home prices and low cost of bo...

Do you guys buy insurance on flip properties? My insurance company Allstate won't insure vacant properties and the agent got a quote from another company that runs $1400 for 6 months. That seems awful high to me but s...