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1) Are banks more likely to accept a lower offer on an REO property if no financing is needed? In other words, if I can purchase the house outright, in cash, as opposed to someone that will be b...

First things first financial freedom is a marathon, not a sprint. You need to be looking years if not decades into the future and you need the willpower to stay the course over a LONG period of time. In my opinion, th...

About a year ago I purchased a seven unit property in a good neighborhood, however the property was in horrible condition. I have since evicted the trouble makers and completely renovated the units along the way. My r...

Hi all,I recently purchased a 3 unit in upstate NY. While it is cash flowing nicely, I'm already thinking about how I can generate capital for my next investment. The property had recently been flipped, so there is li...

I have a real estate agent in eastern TN that wants to charge a 10% commission to sell bare land.  Isn't 6% standard for any type of real estate or is it normal for that to flex depending on the type of property being...

Hi everyone,If you own rental property, it's essential to maximize your tax deductions. Here are some tips:1. Depreciation: Remember to depreciate the property and its improvements.2. Repairs vs. Improvements: Repairs...

Hello AllSo I have come across an individual who is willing to sell his property for $20K. He recently purchased the property last year and he has a mortgage remaining on it of around $170k and home is worth $180K-$18...

There are several methods of screening applications at scale and avoiding the time-wasters. One of them is charging an application fee. While this can serve to filter out some non-serious applicants, it can also pre...

Hi BP Community,I am 24 years old with 65k saved and really pushing to becoming financially free as soon as possible. Many members mention buying small multi families until they are financial free - but how long with ...

There was an episode of the BP podcast YEARS ago where the investor was borrowing against life insurance to invest. It might have been back to the Brandon/Josh days. As they described it, the principal of the insuranc...