Hello BP Family,This is the deal I am currently looking at. The seller is offerring owner financing. It has been on market since last year. Ask price is $189,900. Two brick buildings consisting of six - 1 bds & on...

I just closed on a house in Warren Michigan. The home was already occupied with tenants who have been there for five years and always paid rent on time. I have since spoken with the female resident who states that t...

Quick question BP. Hope someone out there can help.I have a hard money loan out that the investor has defaulted on. I am in second position and have beaten everyone to the forclosure punch. When I originally gave the ...

Hi Guys,My client and I have a project and I'm trying to give her some help, so naturally I come to BP!She is looking to remodel the kitchen by knocking down a load bearing wall, as well as move the kitchen sink/dishw...

Hi, I have a few questions related to using funds from my self directed 401k.I purchased a flip through a hard money lender and my note has come due. I'm going to lose regardless on this flip because of the interest a...

Question on commercial multifamily valuation...When I analyze deals, I include Reserves (10%, set aside for CapEx) in the Operating Expenses, which means it is a part of my NOI calculation. That's how I do it internal...

Hi All, Still relatively new to the game and want to make sure that this is adequate for an exterior paint job.

The insurance co faxed me the following (and is mailing a hard copy for my records):...

Need to know legally what I can do. After a battle with my HOA over unpaid dues they never notified me about for 8 months I agreed to pay the dues and the late fees but not the attorney fees unless they could legally ...

Hi everyone,
With lease renewals coming up , are you guys renewing it back to a Year lease with your tenants or just rolling it back month to month and why? 
Also, i was planning on raising the rent by min 3% (25$)...

I have 3 scenarios here.  I know none are -exceptional- but in my area in Tampa, so much hedge fund big $$ has been spent on 3/2s that the prices have made it tough to get the deals.  But when I run numbers on some of...