I'm so excited a new chapter just opened in my REI career! This was always in my mind, and after 3 months of going after auctions, I landed my first acquisition! For the record I have 3 rentals out of which one was a ...

I am fairly new to this site and have a basic question. Recently, I rented a unit to a person who has paid the deposit (one months rent) in cash along with pro-rated rent for the part month (that he moved in). Since...

Once upon a time there was a borrower who took ill and gave his daughter power of attorney. Before he passed away he deeded the house to his daughter. Apparently, since the house belonged to the daughter, it was a no ...

I submitted a bid on a Fannie Mae property on Monday. It just came off the OO period and there were 5 investor offers. I overshot the listing price by $5,000 because the numbers still work out to slightly better tha...

In an effort to stimulate repairs and sales in neighborhoods hard hit by the housing crisis and recession, the FHA waived its standard prohibition against financing short-term house flips. Before the policy change, if...

Hi Guys - Our tenants are responsible for their water and sewer. Last spring, due to a change of hands in property management (outside of our control; our PM sold to another), our tenants were not billed for the Febru...

I have been listening to the various podcasts from the rookie to bigger pockets.  I really like the concept of the BRRRR method.  The other day I spoke to my finance guy and he told me that you have to wait 1 year bef...

So rent was due yesterday. As of today, still no money in my bank account. I provided a stack of deposit slips when we signed the lease and outlined expectations on how rent will be paid via deposits into my account. ...

I have an idea that is either crazy or brilliant, and would like feedback.Nutshell: Find older (70+) cash-strapped homeowners with lots of equity who want to stay in their home. I purchase the home at a substantial di...

When asking a private money lender for funding, do you suggest amortizing it over only the course of the loan or do you try and structure the contract so that it has a 1 year balloon with a longer amortization period?...