Hello all,I finally have my own success story. I guess this year alone has been a bit of a success story but Ill spare you and only discuss my most recent success, a 50k wholesale deal. I have been working on this dea...

Pre-Foreclosures are a niche in my market because there are so many of them. It's a perfect scenario for motivated sellers as they're already in a desperate situation most of the time...I've learned a lot from BiggerP...

I have a rental property that has a market value of $1.5M and $300K mortgage on it... The 10 year ARM is coming to maturity around 7/17, but I can't find a lender that still does that type of loan anymore (TIC for ren...

Folks, I was talking to a turnkey company to buy an investment property, and looking at a few properties. Their pro forma sheet doesn't take into account ANY vacancy or repairs when calculating cash flow, and the rent...

Hey BP People,I am currently screening tenant applications for a vacant rental property of mine and I came across an interesting situation. The applicants are a Hispanic family with 3 young kids; Mother is a housewife...

Hi, I am interested in learning how to start a vacation rental management business.  I would love anyones advice on how to get started.  Even the basics.  Do I need a lic (I have one)? Does my company need to be in th...

Hi all! I purchased a duplex in Chicago and inherited the tenant from hell. She is running a daycare out of the unit, she has a cat and a dog, her girlfriend clearly lives there with her, she puts her garbage on the b...

Contractor agreed to replace my roof if insurance would pay for damages. He came to my door offering his service. To my surprise the insurance company agreed to pay $21,000 for damages. Our contractor quoted us $20,00...

I have heard of the technique of avoiding potential FC problems by having a borrower essential pre-sign a Deed in Lieu which basically says, if the loan defaults this Deed in Lieu becomes enforceable.

Sounds too good...

I've put a plan down on paper to help me escape the rat race.  I've thought about this for over 10 years, finally took some action 2 years ago and bought my first rental.  3 rentals into it and I feel like I have a go...