I’ve been slowing getting myself ready to purchase a second property and it seems like a HELOC is the way to go.  Unfortunately, the information I’ve been getting from YouTubers and other sources doesn’t seem realisti...

Hello Everyone! Newbie here and my first property is in Longmont, CO which we purchased 1.5 years ago. Loving the BP community and learning lots!

We ran into a major plumbing issue over the weekend that will cost u...

I've google this topic and searched on forums and most posts seem old/outdated.Situation: I currently have 1 primary mortgage. I started a business 7 months ago so conventional lenders are all saying no due to requiri...

My father in law has agreed to use a line of credit that is already set up to buy a property. As of now he doesn't want to take an active part in real estate. The deal we have been contemplating is a 4 plex that we sh...

Hello, home inspection came back for a 1977 home that state:"Observed a galvanized water supply line in attic over master bedroom was heavilycorroded appears to be leaking. This is common with older galvanized pipe sy...

Hi BP members,How would you handle a nice deal with house having potential sewer line issues?We are buying a rental property seems to be a good deal. But its house with age of 75+ years. Our initial sewer line system ...

I'm trying to put a property under contract that the owner has a reverse mortgage on. The owner is not much help on how to decipher the statement so I'm hoping someone in BPland can help. I see the box to the left whi...

I need some advice with capturing compensation reporting from a flip I closed in 2019. Does the following breakdown make sense to everyone?a) Total compensation = $40,000; breaks down as follows:      ($32,000 = Offic...

Hi guys, Im very close ( when I say I , it actually mean we, my brother and me) to buy my first rental property, basically we have most of the thing, good deal, good real estate agent, we are on the way to get a good ...

I'm looking at a smaller deal where the financial statements are not well-specified. It's a mom + pop owner-operator situation.For instance, it looks like they may have put large capex expenses under "repairs." I see ...