Al Costner
auction.com earnest money
My husband and I are looking to buy our first foreclosure with cash from auction.com. The property is 285000 as a reserve, but we are hoping we can get it for 270k since no one has bid on it in the last year (fingers ...
Ryan Keenan
Good tenant refers a friend
Hello BP, I have a duplex with one good tenant. The other side has recently become available. The good tenant referred me to someone she knows very well and wants the place. The prospective tenant says his credit is n...
Terri Parrilla
Analyzing the Purchase of an Empty Lot
What are the tips on analyzing the purchase of an empty lot on which to build a small multifamily unit?
Erik Stewart
It's OFFICIAL, closed on Flip #1 in Fargo, ND. Thanks BP!
Good Afternoon BP Community,First and foremost, thank you so much for being such an invaluable resource! The people and content here are amazing.I would like to share with everyone a milestone reached yesterday: Closi...
Andrew Moran
Starting in Multi-Family Properties
I'm a 21 year old college student who has over the past year become very interesting in owning multi-family properties. I've seen many different opinions on this topic and have struggled to come to a conclusion; is it...
Aaron Arnold
Tenant wants to pay the first 2 or 3 months up front
I have a potential tenant who I’ve throughly screened and everything looks good. His credit score, background and income are all verified and qualify him for the unit. He wants to pay the first 2 or 3 months up front....
Grace D.
Seller delay in providing signed estoppels
Hi BP'ers!
I'm currently in escrow for my first property. Almost everything is set except the seller hasn't been able to provide signed estoppel letters. "They are working on it" was their response.
We are way past ...
Pavel Sakurets
Best mailing campaign that I ever had
Wanted to share with everyone the results of my mailing campaign that I had in Edina MNWe sent 3000 letters to sf property owners stating the following:Hello, we are a local builder that just bought a property at 5841...
Andrew Kniffin
RE license legally required to be PM in MN?
Hi BP nation!
Does anyone know whether the law in Minnesota requires that all Property Managers need to have their Real Estate Agent's license in order to be a PM?
I heard this today, but have never heard it before....
David Lao
Interpretation of 8582 Special Allowance for Rental RE Activities
"Special Allowance for Rental Real Estate Activities
Active participation. If you actively participated in a passive rental real estate activity, you may be able to deduct up to $25,000 of loss from the activity from...