Sometimes you have to love the overzelousness of an inspector.  I replaced a roof on a flip back in the fall of 2013, yeah I still have it. This is what the inspector wrote about the roof. "Roof Comments:Granule loss ...

-duplex 228k purchase price rented at 950/side. 3b 1.5bath a side. Market rents 1250-1350. Leases set to expire feb 2023. 
-seller renews one lease while under contract a full year at 950
-First year cashflow goes f...

I have a relative who is looking to 1031 out of their first rental.  I have been thinking of creating a new LLC that would they could “contribute” to as part of their 1031 and combine that with my investment $$ and in...

Hi guys,Why would an investor hope to get a deal on a short sale?I understand that the debt may be more than the market price. So the bank would approve a sale at market price. But what good is it for an investor to b...

I have a friend, going through a divorce, and wants to sell the house because it is underwater, with a mortgage and second mortgage that are approximately $50,000 less than current market value, plus about $20,000 nee...

Question on section 121 exclusion for cap gains, specifically the timing of needing to live in the property for 2 of the last 5 years. Does anyone know off-hand if that is for the calendar year or exact dates? Assumin...

Hello All, 
My team and I have acquired a subject to and are in the process of a wrap in Florida, but we have a questions and are worried if the Buyer stops making payments to us. What happens if they miss payments, ...

I'm a newbie looking at my first single family, and I have this question. Looking at a foreclosure for sale by the bank (listed with an agent) I can see this on Zillow: "The lender, US BANK TRUST, assumed this propert...

I get a feeling that my local insurance agents always take advantage of my ignorance. How do I choose the best coverage? I'm a developer and majority of the work is either gut renovations or new constructions.

Hi BP,I am purchasing my first rental home in Madison Heights, MI and was hoping to gain some knowledge on insurance policies.The purchase price of the house is 115K and I will owe 75% (86K) to the mortgage company. T...