We are purchasing a 2BR/2BA single family rental in Las Vegas from my family.  The current tenant has lived in the house for about 7 years now and have been on a month-to-month agreement since 2012.  My family has inc...

Looking a buying a non-performing business of an art workshop franchise. Being a franchise, can't share any of the numbers (signed an NDA).
Labor costs are way too high, and the owner is barely involved. There's alw...

Hello All,I bought a note (CFD) about 3 weeks ago and it boarded to my servicer as a REO; What seems to have happened is the hedge fund started forfeiture and by the time the collateral was sent to me, the homeowner h...

I just finished up my first eviction and thought I would share my experience. This took place in Connecticut.Background: I bought this property about 1.5 years ago and inherited the tenants. A boyfriend, girlfriend, a...

We just signed a lease on Monday with a seemingly good tenant. She passed our application process and had all the money due for lease signing. Within hours I received a text of things she would like us to change or he...

HI BP,I am currently looking at buying a single family rental property that is currently rented. I personally know the person that owns the property and am close friends with him. He has informed me that the tenant ha...

We are all aware of the 1% rule--the gross rent produced by a property must equal 1% of the of the property's acquisition cost. The question being, does this still hold true for Arizona? If not, what metric do you guy...

A few years ago I converted a few 401K's into one self-directed/checkbook IRA.  I setup an LLC that facilitates the financial transactions on behalf of the IRA.I recently purchased a vacation rental via the LLC, from ...

So here is the story-There is a REI guru who does training and refers his local students to me. He's a great guy and his students know a lot about how to run numbers and are pretty good at estimating rehab by the time...