Hey BP, I wanted to bounce a couple of thoughts off of you. At my current state, I could buy a cheaper multifamily in an area that is less desirable to live. Since my plan is to house hack, it likely wouldn't cashflow...

Lets assume I acquire the house 100K to keep it simple and its a 20% down payment the rest is leveraged. Lets say my mortgage is $800 and I charge my tenant $1500 a month. Taxes in Illinois are 2.8% or so so thats rou...

I'm buying a package deal which consists of a Multifamily property that has a vacant lot with it from a relative. Is it possible to use the vacant lot as collateral or is there a way to include the lot in financing?

I recently went into contract on a property that consist of a vacant but buildable lot adjacent to another lot that is occupied by a single family home.  My plan was originally to purchase the home cash and finance th...

We'd like to get a HELOC to be able to have money to put down with a HML in order to be able to purchase a property to fix and flip.We have about $150k in equity in our personal home.  We have credit scores in the mid...

Below is the first draft of the business plan I created for REI.The final product will be created using liveplan.com to create a polished and professional looking plan.The only thing that I'm still working on and is m...

Hello all, I am wondering if any landlord has had a tenant who was behind on rent come to them and say, " I am on the Dave Ramsey plan and I don't plan on being late again." If so how did you respond?

I recently got in contact with the owner of a duplex that I've had my eye on for a year or so now. He's interested in hearing my offer, however, to date the few properties I have acquired have been on MLS with an agen...

Hello all, I'm getting into real estate investing and have been consuming all things BP.  Just wanted to say hi and introduce myself.  I'll be focusing on the Charleston, SC area but may also eventually expand into Ha...

Hi all! First time poster looking for some help.  I am interested in a property that currently has two separate buildings on it; one building consists of two 1bd/1ba apartments (Residential Building), the other buildi...