Hi BP members, am hoping the brilliant minds here can help me out once again. I did a search in the forum on bookkeeping and only three questions came up on bookkeeping none of which got a reply so here goes the fourt...

Simple 4 page executed contract provided for purchase money mortgage (pmm), seller financing $375k @ 4%, repayment monthly amortized 30 year, 15 yr balloon, no pre-payment penalty. Seller's P.O.A. is a non practicing ...

I know what I do/have done, but I'm curious to hear how some of you handle introducing yourselves to tenants inherited via purchase.  Do you send letters? Call? Knock on the door? Or all of these. Please share, thanks!

I had to relocate to Chicago from ATL for my job and hired a property MGT company to assist with renting out my home in ATL. We found a tenant who owns his own company, wants to pay in advance with 3 month incremen...

I went Driving For Dollars and was able to get a list of 994 addresses for distressed properties. I was able to look up the names for 95% of these properties. I finished adding the names yesterday.
Today, I started t...

Make Sure You Get This One Right
By Niels C. Jensen

There are those who sweat over every decision, worrying about how it will affect their lives and investments. Then there is the school of thought that we should f...

I know a couple of older (70's and 80's) couples who had their wills updated and their attorney switched to trust and charged one $6k and another $10k. That sounds excessive to me.The last older couple I knew had a pr...

I have had my eye on some upcoming tax auction properties, mostly to watch and learn from the process, but if they go for the right price I may try to bid.Anyway, I am trying to do my due diligence stuff ahead of time...

I sometimes have to give tenants, what I call an "attitude adjustment".Below is an email that I sent to a tenant.  In her email, she talked about invoicing me for when she had to talk to the utility company.  I sent t...