I'm sure many have heard the numbers recently that the median net worth of individuals in the United States has dropped 39% in the last three years. I'm just curious how BP members have fared during the same three-yea...

Last July, my fiancé, now wife bought a 2 flat that was advertised as a SFH and the zoning certificate says SFH, but it was built as a two flat. 4 entrances, 2 baths, 2 kitchens, 2 furnaces two 1960’s mailbox slots in...

Hi,

Is there a rule of thumb for operating expense ratio for retail (non NNN) properties? What if the owner is only responsible for roof and structure? Is there an "average" estimated vacancy loss that you use to e...

I have a friend (Potential Private Money Investor) who owns a house free and clear with BAD credit. How can we get cash out of the situation. I was thinking less money than more, however, if it can be done, and its a ...

I'm looking at buying a property at the upcoming auction. The 2nd is foreclosing and the sale is subject to the 1st mortgage. Is there any way to determine what the payoff is on the first mortgage?? I know what the...

I converted a property from a primary residence to a rental located in California in 2022. The date of conversion is 5/29/22 which reflects the first day it was advertised online for rent. After listing for rent, I st...

One of the incentives of a short sale was that you got a tax break based on an act passed by Congress in 2007.

Short sales are classified as debt forgiveness, therefore in a normal situation homeowners would have t...

I am looking for some advice on my next RE venture. I have a small 2/1 SFR in southern California that currently rents out for $1,295 per month with very stable tenants. The property is financed with a 30-year fixed n...

I would love your advice. Should I keep this rental property or should I short sell it?I have a condo in Algonquin Illinois (3 bed, 2 bath, 1890 sq/ft) that I had bought for $265k in 2006. I have about 40k in equity i...

Hello,We are currently having issues with our property manager and current tenant regarding on-time rent payments and overall inadequate communication practices.  Despite our best efforts, we have not been able to res...