Trying to purchase a short sale for the first time. This is a single family house that I'm hoping to live in. Current owner is an investor and was trying to flip the house but "ran out of money". The property is in fo...

Hi, I’m about to bid on auction.com. When I registered, there is buyer 5% premium or $2500. When is this amount due? Is the 5% premium earnest deposit? If not how much is the earnest deposit typically? I also saw $250...

Hello BP Team! We were planning on purchasing our first rental in Feb of next year. Instead we are thinking about requesting the current owner open a HELOC on the home. They current have about ~275k in equity. We coul...

A couple of questions for those who dabble in sheriff sales and foreclosures:1. What is your playbook when the existing owner still lives in the house after you win at auction?2. If you do cash for keys, how much do y...

I've been looking at sites that auction bank owned & foreclosed homes. I don't have ANY experience with homes like this. I'm wondering what are your experiences with purchasing a home off websites like auction.com...

I signed a purchase agreement for a home that my realtor said was in a good school district, but when I double checked, he was mistaken!  No money has been wired.  Can I cancel the purchase?

Good Morning BP!So I have about $19k stuck in a 401(k) account with a former employer. I'm fairly young, 30, so my investment allocation was 85/15 stocks to bonds. Since its inception over 5 years ago, my overall rate...

How does an auction work? Is it the same as a forclosure? Can you finance a house that is on auction?

Hello everyone!
I am buying a new primary residence and turning my current primary into a rental property and I am curious as to how landlords who are not utilizing a collection service set up their rent collection ...

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $25,000

Cash invested: $15,000

Property Overview - Are you looking for a home that needs VERY LITTLE WORK? Then loo...