It's been a topic mentioned extensively on the forums, podcast, blog, and in our webinars. EVERYONE seems to want to quit their job with real estate.  We know it's possible, we've seen it done.  What we don't have is ...

Hey there!  I own a triplex and I also work a full time job as a W2 employee. Due to the new tax law, my tax man says I should become an S Corp asap. This is based on my typical deductions every year - regardless of m...

Hi,I am considering several locations (over 10) to invest in my next rental property.  As such, I'm contacting mortgage brokers and filling out loan applications to get pre-approval letters.  Will this impact my cred...

I have been very interested in the lease option investment strategy lately, but when I spoke with my local attorney, a serious risk surfaced that I want to understand more. The risk is on the tenant buyer end (you doi...

Hello,I am currently in the process of looking for my first property, and am gathering my network of resources to use (realtor, inspector, lender, etc..)I asked my realtor for information regarding a couple home inspe...

A couple of things to get out of the way before you read the rest of my layout. Yes: I can save 70% of my gross income. I’m a minimalist and I require very very little to survive. No: I’m not planning on having a fami...

Hello BP Nation,I’m looking at purchasing my first RE investment property in the west suburbs of Chicago within the next 90 days. In an effort to mitigate the amount of catastrophic mistakes that I’ll make as a newbie...

For those who buy and hold - how do you decide when to fold (sell)?

Here's the situation: Bought several OOS properties starting 2.5 years ago. We "chose" this location because my husband was assigned there for wor...

I'm having trouble figuring out how I would manage a property using funds from a self directed IRA. If I use an IRA I have a transaction fee ($35) every time it writes a check. So $30 to mow the lawn becomes $65 expen...

Hello BP community, I purchased my first rental property (a duplex) a few months ago and I'm trying to rent out one of the units (I'm househacking), but the neighbors directly across the street are like those wanna-be...