Hello BP,I'm wondering if there are any guidelines to go by when choosing the lender?  Are there certain questions I should be asking?  Obvious red flags?  What am I looking for?I've been looking into FHA loans since ...

If you are purchasing the note on the vacant land, what factors will you look into before you purchase?

Very low LTV, since the land is not generating any rental income to cover interest payment?

Hey All, I work as an engineer full-time, but I also work full time on my rental properties since I do all the work myself. I just bought a three family this year, and haven't been able to rent it since COVID, so i de...

Greetings,Looking for thoughts on the following scenario. My first OOS duplex, owned for one year.Side by side, 1976, clean neighborhood, nice backyardsPurchase price: $200KTotal rent/month: $2000Mortgage: $1000  Rate...

I am close to closing on my first property. I have talked to several (probably 15 or more) lenders. I have several options, including cash, to purchase my first property. My CPA is advising me to close everything poss...

When I was first starting out as a landlord and before I really made any effort to educate myself I of course made some mistakes. One was letting a tenant fall three months behind on rent before they ultimately left (...

Hello all! I’m involved in a partnership with 2 other friends and we are moving on to our second buy and hold rental. This second one that we are looking at has one of the partners willing and interested in using his...

Hello Everyone,
Recently I have been testing direct mail marketing to attract private home sellers. Had some success with replies (abt 7% reply rate), the main reason is that I am able to negotiate more fixable terms...

I just had to evict some tenants, and they told me that if I get a judgment against them, they'll "just file bankruptcy so [I] never see a dime."My first instinct was to laugh out loud, but then I thought, "Hold on--t...

Hello everyone so I live in Staten Island, NY who's market seems very over valued and sometimes crazy when it comes to home prices. To make a long story short and simple, I have come across a single family property ri...