I have lurked BP for a few years, posted a few times over the last two years, always with some form of trepidation of entering the real estate market .... I really do believe now is the time, but ****, I don't even kn...

I know of some Phoenix-based investors that submit short sale offers and place people in the house to "guard" it while the bank is goofing around with the offer. They collect "rent" and pay nothing on the mortgage fo...

Hello All,

I am in the process of finding my first multi-family deal and and I believe FHA financing will be my best financing (owner-occupied max 4 units). I have been doing a lot of research on FHA financing and do...

There's hope that the definition of accredited investors will change in the near future. The House overwhelmingly passed JOBS Act 3.0 on a bipartisan basis by 400+ votes. With this amount of support, the Senate will s...

Two months into a lease, the couple renting the home is separated and have starting the process to get a divorce. One of the tenants want me to reissue a lease without the other person. Both individuals have good payi...

I'm in contract with a house in Wisconsin.  We've already made it through the inspection contingency.  After the appraisal was completed my lender came back with 7 plumbing related work orders.  The seller is saying t...

a buyer, getting a Loan for the sole purpose of purchasing a property in order to turn right around and Flip it, in 3 - 4 months ( after the minimum 90-days has passed ) ?

If I'm looking to get into the Flipp...

Hello all, going to look at a 2 family property that I am very interested in. Just curious, once closing on a property what are some important steps or tasks that should be completed asap? I just want to be ready/prep...

Hi there BP, I have an agreement that I'm working on that requires some sort of rent back option for the tenant. It's the owners ex wife and she will need the cash from closing to secure a new place. I'm currently usi...

Hello,

I just read the ultimate guide sticky post about screening and renting.

I have a question about tenant income.
They suggest that a tenant should have at least 3 times the rent in monthly (gross...