Hello guys, this has been a very informative forum for me. I need insights and advice on an issue. My spouse and I own 6 properties all in our personal names. We are thinking of transferring the properties into an LLC...

I was speaking to another Real Estate Investor who lost money on several rental properties in the 2009 economic downturn. I was curious to learn from him how he lost properties (or was forced to sell for a loss) if th...

Hey all, I am relatively new to the group. I am very impressed with the experienced professionals here and am glad that I stumbled upon this site.  I am a seasoned real estate attorney and enjoy not only practicing la...

There are so many people and companies out there who claim to be wholesalers and many more newbies who claim to want to start out in wholesaling as a means to get started in the biz.
Let me tell you about a recent ex...

I am totally blown away trying to sell a house I purchased 4 years ago at PA Judicial sale.  I was taught that a judicial sale will wipe out all leins except federal.  I have found that information is totally misleadi...

Hello,I have a lending opportunity coming my way. I'm new to this and I'm not sure of all the precautions I need to take, apart from running the numbers on the property, and working with an investor who has a solid tr...

Hi everyone,

I am buying a triplex in the Philly area which is currently supplied with gas heat (for the entire house). The heating unit is very old and would most likely not make it another winter, so I defi...

Hi BP community,About six months ago I posted on these message boards asking for advice and recommendations regarding property management. I am happy to report that after an extensive interview process I hired a prope...

I need some quick tax knowledge.  I've currently accepted an offer of $760,000 on a property with a $655,000 loan.  My real estate agent is getting 5% about $38k so I'd have $64,000 in  capital gains.  How much of tha...