I have a question regarding modifying a defaulted 1st lien on a property. Here is an example. The original payment was extremely low, say $200. It was since defaulted on years ago, and now arrears have accrued. Is the...

Hellolet me first briefly introduce myself - i am a San Diego resident with a couple of properties in the Phoenix area. I would consider myself a newbie investor and still learning the ropes of the RE game. I just fil...

Does anyone do their own accounting? I'm trying to set up "asset" reserve accounts for Vacancy, repair & maintenance, and cap ex. how do you do this or are you accruing your expenses? How do you save for the expen...

Help-- should I do this? I just negotiated an owner financing deal that I am happy with. I like the down payment and the monthly payment. The property is distressed, and I will be getting it for a good price. He wants...

Hey BP,Just moved to the Tampa area and I'm finally going to begin flipping houses here. I've been waiting to move into this market for about 8 months and I'm super excited to be here. I was wondering if anyone had an...

Our tenant beat us for about $8K due to not being able to evict her during Covid.  We were recently able to extract her at the end of her lease.  She skipped out without leaving a forwarding address although she is se...

Any input would be great.
The tenant had told me she cannot go through with the lease.(circumstances are legitimate but an agreement is and agreement)
Signed on aug 15th for move in on aug 29th for a 2 year lease. ...

If you haven't already noticed, I'm new here. You will probably be getting a lot of questions from me. My husband and I have been trying to sell our home for over 6 months with not much interest. But lots of inquiries...

How do you handle late fees if tenant has paid the rent late but did not include the late fees. Do you send them a letter, call them or how do you handle it?Rent is due the 1st and 2 day grace, 3rd day $40 late fee st...

I have what I think to be a good deal, but as its my first I would like to run it through BP first to get torn apart and ripped to shreds so I can either trash it or make it better. Take a look. No holds barred!

3 be...