HI BP,I was thinking through a hypothetical late fee situation and wanted to get your input. Our lease agreement says that we charge a late fee if rent is past due. A tenant paid past that date and our late fee is app...

Hello BP family,How do you determine how much of rental income from doors should be applied to the loan and how much should go toward the next down payment of another property. If I have extra funding, should I apply ...

I’m looking to purchase a new home and turn my current home into a rental.  My current mortgage is over two years old for those wondering.  To offset my current DTI I need to find a lender who will consider future ren...

Hey BP Community!!! I hope you all are having a wonderful day, so I've been having this internal battle with myself for a little while now. I am 22 years old, I have a 9-5 job, and am able to save an extra 1,000 a mon...

Hello
I have a tenant in one of my properties that is unable to pay his rent due to loss of his job almost 2 years ago.  The property is in Washington State and evicting a tenant is very difficult.  The first step is...

I Had lunch with my property manager, and she told me that a tenant can file for bankruptcy protection and not have to pay rent until a judge makes a ruling. And, she added that you cannot evict them in this case unl...

It’s May, and it's time for another Las Vegas update. For a comprehensive view of the Las Vegas investment market, message me for my blog link. It contains more detailed information on investing insights, analytics, a...

As some background, my wife and I are temporarily staying in our income property (paid off) for the next couple of years as we fix it up and travel almost full time. Our goal is to buy our long term permanent home whe...

I have in mind of paying one of my properties off in the next few months. The advantage the way I see it is once I pay off the property it will free up my borrowing power a bit more so it will not be such a challenge ...

Hey there,

I was wondering at what point a 1031 makes sense? I have a property which is the first I've held over a year. Someone told me to consider a 1031, but is it worth it if the profits are only 40K?