I have just recently passed my real estate exam and I am very excited to start my new career.  I have enough savings to last me >6months and I will continue to work my current job part time as I transition into a c...

When I bought my first home, the seller came in an hour early to sign paperwork so they never had to meet me. The attorney said this was normal for his personality. I found it rude and impersonal. Since then, I've ...

I've been dealing with this seller for about a month now and he doesn't like the closing attorney that we are working with. I'll agree that the attorny has been making the seller jump through hoops but I'm trying to g...

Hey folks!I've been lurking on BP for about a month, so I have a rough idea of the regular newbie steps which I will try to address below. I'll greatly appreciate feedback on any subset of my questions. Thanks!First a...

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I can't figure out

Does it make sense to put in wood flooring in a rental?When my current tenant moves out, I know the carpet will need to be replaced. Normally, I wouldn't even consider installing wood flooring to replace the carpet be...

When you do your accounting for your PFS, business books, etc. do you carry the projects at historical cost or mark them to market? If you mark them to market how do you determine "true" market value without cheating...

I've been trying to figure out a bookkeeping solution for years now, and I just can't seem to find one.  I own 5 properties (8 units), but would like a system that could easily scale up when we purchase more propertie...