Okay, so it's only been three days since I've become a real estate investor, but today I made my first offer!

It's on a 2 unit in a small city in Maine. The asking price is $107K (no broker). The monthly rents are $...

I need a little feedback. This is my formula for running numbers on a property (it's faster than running a million BP reports). We're using a HELOC for our downpayment (that's the G-column), and I'm calculating CapEx,...

Hey folks,Want to get you opinion.  I bought an 8 unit building last year.  Besides having to renovate and get all new tenants, I did a bunch of work with a new heating system (all new individual units) so the tenants...

I had a chimney fire (wood insert-unknown cause at this point), in my 6,000 sq ft house, on Monday.  The fire was confined to the roof area of the chimney but they had the hoses on at least 90 minutes.  There was smok...

There seems to be 2 schools of thought when it comes to short sales as it pertains to the MLS Status (Active, Backup, Pending, Closed). Specifically when the listing agent receives an offer on a short sale. However, I...

I have had a property I am flipping on the market for about 110 days.  Originally priced it too high and it bit me in the butt.  Have since dropped the price to align with the market and have had two contracts, each f...

I'm moving to Florida with my wife & baby daughter. The market has been crazy. We really wanted a HOUSE with a backyard, but couldn't find one in our price range, so we made an offer on an APARTMENT instead.Our of...

Sorry if this has been asked before...maybe I'm not using the correct keywords.I am confused about the mortgage interest tax deduction. I understand that it allows the interest on a mortgage loan to be deducted, but h...

I’m purchasing rental properties in Rochester NY but this is a pretty generic question for all locations. What are most investors insuring their rental properties for? Replacement costs or purchase price + rehab + clo...

Hello BP! My wife (Alicia) and I (James) are looking to get into rentals more. I have been absorbing as much information from the BP books, podcasts and the webinars to try and prepare for this adventure. We currently...