Rent is due on the 1st. I offer a grace period of sorts through the 5th with no late fee. Once the 6th comes there is a $50 late fee and then $10 each additional day.I have had to collect this once ($60.00). Tenant ne...

Hey all. I have made an offer on my first short sale and was curious as to how long does it take to receive a decision from the bank. If any of my fellow BP peeps have bought a short sale I would love to know your tim...

I had a funny yet expensive lesson I learned a couple weeks back. Hopefully others might be able to learn at my expense.

So we closed on a 3 family that was a short sale in Feb. 2 units were rented and the 3r...

Hello everyone. This post has no point but to share a recent success of mine and to motivate everyone to keep working toward their goals. I purchased a house last week (4/2/2 in Texas) for $30,000. I used a fund...

Hi I am still a newbie looking for my first deal, and I have recently discovered HUD homes. from what I understand there is no limit to how long you have to hold a property before you can sell it. I was curious if any...

Hi, I was wondering if anyone has been required to submit addenda w/the initial offer for an REO. My understanding is that you place an offer on the property and if accepted, you then submit the addenda. I'm intereste...

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Albuquerque.

Purchase price: $300,000

Cash invested: $69,000

A cash flowing 4 plex, and the result of taking the BP 90 day...

I am selling a under $10,000 rental property in Pittsburgh.  I am selling it extremely cheap to get rid of it quickly.  I found an ad on craigslist and made a call.  A "gentleman" came out to the house and made an off...

Investment Info:

Condo buy & hold investment.

Purchase price: $205,000

$205k for a 2br/1ba, $1,800/month rent, $360/month cashflow. 25% down, 2.75% interest rate (with points).

Sealing the deal with...

This was a unique transaction, and as much as I'd like to say I've "been there, done that, seen it all," this was my first transaction involving a wholesaler. Cast of characters: Account Closed - Wonky-deal-friendly e...