I have been given the opportunity to purchase a SFH in Florida.  The owner is willing to finance the property at 5% on a 20 year note with zero down.  They are selling the home for $550k.  ARV is $625k (although the m...

Hello all,If I were to consider house hacking in NYC, what type of cash flow do you believe I would be able to receive? Lets assume that I purchase a duplex for 300-400k in The Bronx or Brooklyn, make some cosmetic re...

Is anyone else seeing a growing trend of banks doing repairs on REO’s prior to listing them? Is this another way for them to combat “flipping”?

Good Morning BP!I'm about to begin a project in Ormond Beach, FL, and the house will not pass muster for a normal homeowners policy at the moment.  I'm told by an insurance agent that I need a "Builders Risk" policy t...

Hello BP, I finally have my first accepted offer in Bayonne NJ. Its a duplex property and I am looking to improve each unit to maximize my rent roll. I was planning on adding vinyl floors to both units and having a pa...

I, personally, always get an inspection on a property that I'm seriously considering to purchase, but I'm wondering how many of you BP members do the same. Or, are you savvy enough to check things out for yourself?

I...

What do you tell your tenants when you won't complete one of their maintenance request? I've read stories on here of tenants submitting request to fix/replace anything and everything. What's the proper way to deny a m...

Happy New Year, everyone! A friend and I have very recently taken the leap into the REI world. Although we are currently in New York, my friend has spent a fair amount of time in Georgia and Florida recently, particul...

Hello All,My wife and I are looking to begin our first flip experience. Please let us tell you guys our situation and then any advice on how to proceed is greatly welcomed.Our situation is as follows:Looking to buy Si...

I recently purchased an occupied SFR with long term tenant on a month to month (lease expired and reverted to M2M). Upon meeting with the tenant I advised them of the repairs I would be making (new A/C, Clearing bushe...