Ok bp family, here's the deal. I bring ambition and desire to the table, that's about it. I'm a full time single working parent of two teenagers so I have very little excess time. My budget is virtually non existent, ...

So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...

Hello BP, I currently live in a home I picked up Sub2 about 2 years ago. The goal was to buy it, live in it while fixing it up with some sweat equity, and sell with no capital gains tax. Find a new place creatively, a...

I am thinking about buying single family homes in a C class area. I have found $20-30k homes, that I would pay cash for. These areas generally rent $500-800/month. I would be cash flowing 2% or greater. They aren'...

At some point in my life, I will be getting a huge inheritance. $10 million or more. How to use this in real estate? What provides the greatest returns? I know that even large firms make their greatest by purchasing v...

I've know we've previously discussed the pros and cons of vinyl wood plank flooring in other topics, as well as Trafficmaster Allure, but I've recently seen this new product at Home Depot Called Trafficmaster Allure U...

Good evening all,   Just trying to get a conversation started about why others have given up in the past. I know many people who are interested in real estate, some pursue it, but many many decide not to do it after a...

Has anyone sat through the entire Connected Investors latest webinar? There are some big claims made in the teasers and wonder what the deal is. I gave up 35 minutes in after it started to smell too much of sales pitc...

So historically I've been terrible at keeping these sort of deal diaries, but I'm hoping the BP community will help keep me honest...and updating. Back on February 22 I closed on my first rental property since joining...

I have been reading about the 2% rule but seriously questioning its accuracy. I got a great deal on a house in a desirable area of Austin for $297k. The rental we are getting is high ($2500) for the area. However, acc...