Hi All, I’m new to the whole real estate game (down town Chicago). I found out that my rent was the same as a mortgage, so last year I made the switch. I purchased a fixer upper, moved in, and did the work myself. Now...

I had a tenant move out after 5 years and the carpets are absolutely trashed. They were brand new when they moved in. I know the IRS assumes carpets are only good for 5 years so I am thinking I should not deduct this ...

I bought two property's in the city of Detroit and I have had them for a little over 3 months now and I was wanted to know the best way to sale or get money to fix and rent out then get a loan I'm stuck need to find s...

Hi BP - looking for some advice because I am in a sensitive situation. Basically, I violated the age old rule of rooming with friends. I put goodwill and faith that everything will work out and be OK... not. Long stor...

Looking at a potential foreclosure property, backyard of house is on a slight decline, as is all the other 5 houses in a row. There are several cracks throughout the exterior of the house, some have even been tuck poi...

My wife and I just found out that we will be returning to our alma mater Virginia Tech next academic year and are super excited! I am active duty Air Force and will be an AFROTC instructor for the 2022-2024 academic y...

I’ve got nightmare tenants in my rental property. The septic keeps backing up into the basement shower. It took a month of doing multiple repairs to septic, laterals etc to figure out the problem. We started snaggi...

I'm a newbie considering bidding on a few properties at an upcoming tax title sale. I'm in Louisiana and I'm a little confused about the bid-down percentage method we use. In the unlikely event the owner goes the full...

Here is the scenario:I find a house that is being sold way under market (perhaps a bank foreclosure, auction, etc.) and that doesn't really need any repair.  (It may not look as good as the other houses in the neighbo...

One of the things that has held me back from investing in real estate is the idea of being a landlord.  I see and know many investors with multiple properties and the same question comes to my mind every time: "How do...