We (me and the bank) have an accepted offer for a house. The house has been inspected and is in great condition except the basement has a good amount of mold on the cinder blocks.

The house has been vacant for 3 yea...

Hello everyone, I am a newbie in investing real estate. I have been reading a lot on BP.  Appreciation to BP team and so many contributors. My husband and I just submitted an offer to buy a townhouse. After inspection...

Hey everyone! I'm going to be doing an inspection of all of the units in my 8-plex tomorrow. How picky are you as far as excessive "stuff" and cleanliness? I have one guy whose second bedroom looks like a tool shed an...

Hi, BP Community!My wife and I (we're from NYC) and fell in love with a house in Long Island, NY, that we would like to purchase—with financing, in case this matters to the discussion—as a summer home for us and our t...

I just bought a 600 square foot property and I got a quote for $8500 to completely gut the interior and basement (Plaster walls/ceilings, cabinets, bathroom, trim, some carpet, and a few rotten walls, bathroom, and dr...

I think it's criminal. It will be the direct cause of many, many deaths, especially of the elderly. A man from the British parliament was on tv the other day and stated that in the U.S. a man with early prostate can...

Hey BP!Say you have a duplex that you paid $60k for.Rental income is $1000/month. ($500 upper / $500 lower), property taxes ~2500, insurance ~$600, no major expenses on my end, utilities all in tenants name.Basement h...

Good morning all, we just bought a triplex in Phoenix which was fully occupied about 2 months ago. We assumed the lease of  the 3 units, rent collected is way below the market average but we thought we will bear the l...

For most of my adult life, I was a renter and I noticed sometimes landlords would do some sort of "maintenance inspection" once a year, sometimes multiple times a year and sometimes, never.  As a new landlord in Cleve...

I recently posted an article about protecting assets and figured I can share it here as well. Below is the article. Enjoy!
Investing in rental properties has tax and wealth building advantages. Like any other busines...