I've just joined today after discovering BP two days ago. Wow! What a wealth of information!My husband and I are under contract for our first rehab property (well, our first rehab for income producing purposes - we've...

Here's the scenario: In escrow on property, seller provides rent roll and tenant is 10 days late on first months' rent.  Note, lease was signed right before listing property, so this is first time rent has become due....

I have a quick question. I'm interested in purchasing a gas station. The gas station is NOT on the market for sale. Long story short - I am positive that owner will sell it if there is offer on the table. I do have ow...

Hi, I'm John and even though I'm continually looking, I'm still a newbie.  And, no, this isn't my introduction.  I've found a home within 2 hours from my home and I emailed the listing agent about it.  Her reply was a...

I have been scouring a certain zip code ad nauseum for a property. I found a property that is recently foreclosed upon by Chase. I pinged the various agents who get listings in the past and they don't know much abou...

One of the biggest "costs" of rehabbing is the tax hit. But if we could extend the sale out 366 days then we're paying long term capital gains instead of dealer income.

Just thinking out loud here: what if th...

I'm working on purchasing a unique property that includes a small home on 20+ acres.  The seller owns an arborist business, has been in the home since the late 90s, and owns the house outright.  He wants to move furth...

I have noticed the banks are still bidding in some cases well below what was owed on the mortgage at the sheriff sale. If you were to go to the homeowner could you purchase the property for that lowered amount? Is the...

Hi Guys,Does anyone have any experience with buying a short sale property? I'd like to help out a seller who has several properties that would be short sales. Would it be best to refer her to a Realtor or could I make...

There is a property on the local MLS that says it won't qualify for title insurance.  The sellers are strictly looking for cash buyers.  I had my agent check into this property and I did some additional investigation....