I have been offered a free property ($1) in a very rough part of Philadelphia. The property is a boarded up shell. I'm trying to figure out what risks I run if I purchase this and sit on it for the foreseeable future....

I just met with a lawyer this morning, he wants 1250 bucks to do my LLC formation papers, I understand I can do this online but I want to make sure that everything in the future that I do is air tight and Im willing t...

Hi BP Community! As the title questions, do you all think it is safe or advisable to begin to (or plan to) invest in areas near the planned revitalization efforts near downtown Memphis? I'm pretty familiar with the in...

Hello,
I am new to the boards and figured I would ask if anyone had some information that they could help me.
I am looking to see if anyone has an example pro forma for soft costs during the construction budget on a...

For the longest time I had a hard time calling myself a real estate investor. I felt like an impostor and was worried about coming off as an amateur. The jargon was new, the amount of money seemed staggering, and the ...

Hello! I have become very interested in real estate investing but I'm stuck in the analysis paralysis phase. So many properties and so hard to know what's a good one! I think I want to house hack for my first place bu...

I don't want to fall into the trap of buying because I feel I have to, but that said I've got cash sitting around drawing 0.01% that I need to do something with and this seems to be the best in my area, other than a d...

A tenant didn't pay rent on the 1st day of the 1st month of new lease. I looked at our lease agreement, and the due date for rent was left as 'blank'. The due date for the rent is supposed to be '1st' each month and t...

Hi everyone. I have a family member whose deceased Mother's house is scheduled for trustee sale.I'm very knowledgeable about foreclosures in New Jersey but damn near clueless about them in CA.He wants to postpone the ...

Hello BP Community,
In September 2022, I have acquired a property in North Carolina, which I plan to make available as a medium term rental. This will be my first MTR. Unfortunately, it look like I need to wait 1 yea...