I believe to have found my first rental property. It's a duplex, asking price is $71,000, tenants pay all utilities and mow grass, gross rent is $1,300/mo. Great school district, good rental history, etc. A friend of ...

Hello BP,My name is Matt and I am a young professional living in Chicago. I came across BP about three months ago, and have since become fascinated with REI. My current goal is to purchase a 3-4 unit property that nee...

my daughter will rent our new town home, and has one friend arranged and approved as roomie. They are looking for an additional 2 gals, and I now have concerns about approving these other girls, and ensuring a steady ...

Hi BP!I am trying to get my first few deals off the ground and am working with little funds of my own. To mitigate this issue I've attracted some modest family/friend money into a fund that will act as seed money for ...

I am about to make my first offers - single family "low retail" -- ie. 100k house for 75-80k - virtual move in condition, but might want to put 2-3k in for "updating" -- these homes have newer heatings systems, new wi...

Hello all.  Quick question for anyone with an opinion out there.  I'm currently circling a deal to purchase a property for a rental that already has a renter that's been there for 3 years.  When I went by to look at t...

A house just popped up in my farm area that is being sold at IRA auction next month. In order to bid, I need a cashiers check for 20% of my bid amount on site the day of the auction with the remainder to be paid withi...

Hello BP Community.  We're still getting our feet wet here and on sound financial ground to shift into real estate investing (someday I'll post in the newbies forum (I'm still considering myself a newbie).  But I had ...

hihave a great deal - will be my dream property in that I plan to rent out until I retire in 5 yrs and the HML missed the close - not even sent a package to the closing attorney by the date.  Jumped through all of the...

I'm in the process of acquiring a loan for a nice multifamily deal I have going.  55k + 15K rehab gets me a 1650 sqft home with 3 rental units in it currently bringing in $1,500 a month.  This is our second rental pro...