Hi BP familyI'm getting ready to close on my first income property with Wells Fargo.  Closing cost are $2792.  Wells Fargo is also adding another $3709 in "other closing" cost for a total of $6501.  The other cost inc...

Economic Update(Monday, February 22, 2021)
The minutes from the Federal Open Market Committee’s Jan. 26-27 meeting, released last week (after their customary three-week delay), show that members of the Committee ...

I have heard different answers and was wondering what you guys had to say?
Thanks,
Erik

I have a perspective tenant who looks good on paper. He's already revealed a past bankruptcy and explained how it came about (his employer was located in the WTC and when it went down, the business folded. He tried ...

What are some things that were crucial to your success in real estate or were the main reasons you failed? 

So I always thrived on having good credit.. I use credit karma and I go to the major company sites to view my score.  I applied for a mortgage for SOFI they sent me a letter with my credit score got sent.  My credit s...

An interesting read: https://www.biggerpockets.com/blog/federal-reserve-to-lower-rates-six-times-says-ing-economics?utm_source=Iterable&utm_medium=email&utm_campaign=Newsletter%20%7C%2012/07/23
I’ve seen a fe...

Was notified this morning that VRBO will now be charing a 3% fee when processing eChecks.  Very disappointing to say the least.  I guess seeing the rare transaction when a guest paid by eCheck and feeling the small wi...

The State of Illinois recently passed a statute into law that allows regulators to examine and publicly report on delinquency rates, as well as take action against lenders whose rates are too high. While the statute s...

Hello all! A friend and I are considering acquiring 21 acres of vacant land upstate ny, supposedly without utilities access. As we both have zero experience when it comes to land development we are both consuming as m...