Economic Update
(Monday, October 5, 2020)
The economic collapse sparked by the pandemic is triggering the most unequal recession in modern U.S. history, delivering only a mild setback for those at (or near) the...
Hi all, I am new to BP and this is my first post. My goal is to buy a rental property (single family or multifamily) by the end of 2019. I’ve been listening to the BP podcast diligently and reading Turner’s book on RE...
Hello, I am new to the forum but not exactly new to landlording or rental houses. I have been a "part time" landlord for the last 8 years and have 3 rental houses. This started as supplemental income and I've learned ...
I have been trying to get my head around the chicken and the egg game. I want to get a property under contract but I'm just starting out and I'm not 100% curtain i will be able to secure funding. Is it shady or immora...
Hey all. Seeking some advice on how to handle a new tenant asking for a discount on rent. The story is we purchased a property and did a minor rehab (flooring, paint, new kitchen appliances, new bathroom vanities, e...
Over the past couple of months my partner and I have came very close to actually going through with a rehab. Well last night my realtor told me about a property that his family member was selling and was willing to en...
I'll admit, I'm totally confused about easy permits and the required inspections. It was our understanding, per 2 different professionals (an architect & licensed GC), that we do NOT need rough inspections when do...
This past saturday I had an appointment to meet a seller at the home they wanted to sell. The appointment was set for 12 noon. 23 minutes past 12 the seller called me on the phone saying that they changed their mind a...
How many properties can you buy and sell, assuming holding at least a year, to maintain investor status (cap gain 15%) and not dealer (pay tax at higher rate)?
I'm just starting out with real estate investing. I sent out some direct mail letters, and I have someone who called me back who has a property they want to sell! The owner admitted to me that the property needs a lot...