I'm investigating if I qualify as a RE Professional for the IRS.  I'm retired with no W2 income.  Primary income is from real estate, investments, pensions and IRA.  We currently own 38 units held in LLCs and privatel...

Maybe this is just indicitive of the whole foreclosure mess, but I'm not sure how this happens. It seems that the property was foreclosed, then sold twice, ending up belonging to a Limited Partnership that does not h...

I am looking at a bank owned multifamily, 200 units in FL. There is no T12, just a rent roll. Does anyone have a method to analyze this and create pro-forma without T12 expenses? Does anyone have standard pro-forma ex...

Hello All,I am getting ready to put up a vacant unit for advertisement. I came across a discussion hereon not being able to automatically deny an applicant based on a felony charge. I don't plan to write "no felonies"...

so I got pre qualified 12/31/2015. 3 days ago I finally found a townhouse that's in the budget and has been sitting for 6 months (winter listing). I put it under contract 3 days ago & have to produce the pre appro...

I purchased a house for $15000 and some time in between the purchase and getting the title the city condemned the house. I was unaware of this before it was too late. The seller did not inform me of this. The house mu...

Calling back a number that responded to my direct mail campaign, I spoke with the home owners nephew. He tells me a weird bind  they're in. They've been living in the home now for 5 years but the home is in the name o...

What does everyone use to manage rentals?
Ex: BP suggest RentRedi.  Any other platforms people suggest to manage rent payments, background checks, etc for rentals?
Thank you!

Hello BP Community –
I’m new to BP and to Real Estate Investing so looking for some guidance from this amazingly informed group. I’m investigating my first potential purchase for a buy-and-hold rental property (whic...

FRAUDSTER ALERT... watch out for Justin Nguyen in Florida, stealing lenders $ for his own gambling addiction. BE CAREFUL LENDERS & BROKERS Everyone wants to be an EMD lender or Transactional Lender…but here is a ...