I'm not sure if this is the best place to post this, but can't find a better place.Got a lease option on a house about 18 months ago.  I  brought the loans current which cost about $100k. Also paid the owner another $...

Dear BP,

I have two options to get me started as an investor. One is to buy 4 units with an fha(3.5% down) and most likely break even each month after paying omi, taxes maintenance etc. The other option is to...

Last year I converted my primary residence into a rental property.   We purchased the home for $295k in 2006 and it lost value over the next few years, now at around $250k.  Per the IRS, I need to use the $250k for de...

I am about to establish my LLC for my real estate holding company. I had a potential investor ask me if the LLC could serve as a 1031 exchange as he was about to sell a property but doesn't have another property lined...

I have a potential deal on the hook however, the property has been neglected by its previous and current owners and the current tenant isn't the cleanest. Current owner is willing to break even on the purchase price h...

Newbie Here,Just got off the phone with an agent who says that in the state of Virginia it is required to have a signed "Exclusive Right to Represent Buyer Agreement" before he shows me any homes.  Now I have no probl...

I was wondering how you guys feel about short sales. Do you guys think its worth the time to wait for a short sale or do you guys go straight for REOs because they can close quickly and you know what price you're gett...

I made an offer on a house on the MLS. Through our realtors, the seller countered. I accepted the counter offer. My realtor let the seller’s realtor know I accepted. My realtor began working on the contract. Late in ...

Our tenants left without giving prior notice and did not pay for last months rent. I have 1 month deposit so it will cover that. There was no Lease termination doc signed or anything. What should be my next step as fa...