I'm a fresh landlord and every time I come across home warranty promotion I wonder if it's better to spend that ~$50 for a peace of mind and also I can take that out of my capex/maintenance budget? since my expenses w...

Hi all,I am conducting my first tenant screening process and would like some advice. I have received an application from a prospective tenant who has several collections (from 2009-2012) and judgments on their credit ...

Hi all We are looking at purchasing a 16 unit Building.  We have $20k to put down and I need some ideas for creative financing.  the property is a foreclosure and the previous owner purchased it for $750k.  It is well...

Hi BP - I'm starting a direct mail campaign and want to know what are the exact next steps once a seller agrees to sell? Should I get a contract drafted by an attorney? Should I work directly with a title company? I w...

Hello BP GurusI have experience in Residential properties but Zero experience in Commercial properties.I’m intrested to Buy office building “Total 3,900 sq foot 2 story building. main floor has a foyer, reception ar...

Hey BP community, I recently acquired my 1st Midwest Duplex. Below I provide full transparency into the financials and bid process, plus some key learnings. Documenting the acquisition process helps me best retain eve...

I am starting the process of rehabbing a 39 unit ~50% occupied property. The property is  in a blue color / section 8 neighbourhood. Good bones but due to ownership dis-interested over the past years, many of the unoc...

Hi everyone,
I am currently planned to close on a rental property in southern Indiana and will inherit a long term tenant. This tenant has lived in the home for 10 years, and pays a VERY low amount in their monthly r...

Super excited as I am closing on my cash out refi tomorrow.In 2012 I bought a foreclosure in MI for $20k. I put $10k into it and it's renting for $975/mo. I attempted to do my cash out refi last year around this time ...

I have a tenant with first, last and security deposit on hand and is willing to get her mother to sign a notarized statement that she provides for her daughter and helps with her bills that is the good news the bad ne...