There once was a squatter that lived in our home; but this ain't Nantucket my friends, it's New York. Home of squatters haven. A state where tenent's get treated like gold and the big bad landlord can bear the cost or...

I just had a new tenant move in (2b/2ba townhome, modest quality). They were far and above the best candidates but are only signed for 1 year as they just moved to my area for school and they want to maintain some fle...

Hello, BP family!In a little bit of a dilemma. Do I lose a good tenant or lose money due to rehab? Here is my issue: I have a duplex I purchased earlier this year, that I am house hacking. When I purchased the propert...

Great morning BP family,
I purchased my first home on April 1, 2024. I bought a 3/2 1500sqft foreclosure in Ormond Beach Florida. My purchase price was 225k and I put 5% down. I put about 60 – 70k in repairs. I compl...

How To Get Rich:
(and it’s no secret)
(1) Be Efficient with Your Time & Money
“In short, the way to wealth, if you desire it, is as plain as the way to market. It depends chiefly on two words: industry and fr...

I'm considering renting a spot to an applicant with very poor credit. To offset the risk of the tenant potentially not paying rent I am considering a deposit that is more than 2X their monthly rent and only offering a...

Hey BP,If I give my property back to my hard money lender in deed of lieu and they take the property back and rehab it, will this affect my credit score and stop me from getting a bank loan in the future? I tried to f...

What are the general tests for material participation? This question comes up all the time. As tax professionals, we want to get the word out for those considering a real estate professional designation.

Ok. Here we ...

Very good tenants left on 15th during month to month after 2 years, leaving the place immaculate. I easily re-rented the vacant unit immediately for the 1st, without having to show it with them in the process of movin...

Looking for a good managing software package for our res rentals... Any suggestions?