I am talking to the owner of a 5 unit building I am considering purchasing from him. It is not listed on the MLS. How would I submit an offer? Is there a standard format? Would there be a deposit and escrow? Should I...

Hi all, I have income that comes in from the highest tax bracket possible (over $1mm a year). I do have a strong CPA but was curious if anyone has any tips on things to look into that I might be able to do before the ...

hey all,I'm a new buyer and I found an awesome two flat that I want to purchase. After lots of research and seeing properties I found the one. I want to  go in for it but my lender only does conventional for a two fla...

I currently live in Jacksonville FL I bought my first house hack in December of 2021. I'm currently planning for my second property out of state in my home town of Cleveland OH. I'm wondering if I should use my own eq...

Would you rent to a tenant that wants to pay up front? Have not run background/credit check yet but she has mentioned she has terrible credit and is not currently employed. She received money from a "settlement" and w...

I recently acquire my first rental and the tenant paid the first month on-time.  As of yesterday Aug 1 they are now two months behind.  I reached out to them the first time and apologized and said they are going to be...

Anyone ever fired a management company? Have six properties they are managing- none of them well. Have existing tenants in 4 properties, 2 vacancies. Would love to hear from anyone who has done this about things to lo...

Hi BP,
I'm refinancing my mortgage and am wondering if the closing costs seem reasonable. We are going from a 4.25% to a 3.37% interest rate and will be saving about $150 per month, so that seems nice. We're going th...

Hello BP users! I am wondering what questions to ask when purchasing a property with tenants already housed. I have an appointment to view the property but wonder when I could see the existing lease and how/when to as...

I'm new, to the site and to social internet mechanics (forums) as a whole, so please forgive me if I put this in the wrong place or something.

Here is the deal:

Current offer $54k (1st offer was 49k)

...