G'Day everyone,It's your favorite Aussie and The Real Estate Dingo.I am writing to you today with my head down and my tail between my legs as I just lost $25,000 on a recent deal.ps. This post deserves at least 50 vot...

I was all set to make an offer on a 8 unit(4 modular duplexes) last Monday 'til I found out there was a sex offender in one of the units Sunday night.  I looked up his court case and found out it was for 4-5 years of ...

Hello Everyone,
I was at a local real estate investor group meeting last night, and I was told something that I could not believe at first. I was told that amortizations are never good, especially for 30-year mortgag...

I'm having a difficult time getting 1st lienholder to provide details (payoff) to us as we are 2nd lienholder. They don't know but we're about to foreclose.  I know we are entitled to info but what should I provide &a...

Im pretty blind sided by this.3 unit under contract at 140k, scheduled to close beginning of September. Inspection went well, bank has committed to funding it, title company is ready and good to go. Insurance in place...

I'm curious to know how many investors have been waiting and preparing for this time to come, I personally believe what's coming is going to be worse than '08 and would like to know the thoughts of more experienced in...

Be careful out there people. Whether this is day one of the bubble popping or we have a few months left, everyone needs to reevaluate their holdings and future plans. The evidence is everywhere. Housing prices are qui...

I am quitting my job in 18 months.

To cover a comfortable lifestyle I need an additional 30k in yearly rental income. I have a good amount of money saved up to buy homes with cash and then refi them but very littl...

The urge to get into real estate pushed me to invest in a 6 unit building in a neighborhood that I didn't think was that bad. I thought, the cash flow could be good so why not. This was a year ago. Now, my PM is strug...

The LLC debate rages on here at BP.   Rarely does a day pass without an investor asking whether they should use an LLC or not.  Perhaps BP should have a whole forum just devoted to this question . . .Having an LLC is ...