Hello,Was wondering if there is a better option for purchasing a free and clear property from a seller. He is suggesting a land contract. I pay taxes and insurance and he holds the deed. Balloon payment in 5 years. 4....

Hi!
I’m a new investor and bought a vacant lot as a quit claim deed from a bank. The bank hadn’t paid taxes on the lot for the past 8 years. So, I paid the taxes and the bank gave me a quit claim deed. When I went to...

Hello all, I am a newbie investor- bought my 1st out of state rental . The property is a 3bed 1.5 bath- needs new LVP flooring in kitchen/living room/hallway/bathroom and basement . Bedrooms have hardwood- which need ...

Hi I'm pretty sure I'm an idiot, but I'm getting slapped hard for it (again!)... I always thought that depreciating your property (and getting a tax write off for it) was permanent... So, a few years ago when I had a ...

Hello! I'm so happy to have stumbled upon BP through the Madfientist podcast and now, I'm addicted to listening to all of the BP podcast!  My husband and I are in our late 30's and are about 4-5 years away from reachi...

OK - So I've dismissed personally investing in turnkey markets for a while, mostly because I have unrelenting faith in the long-term prospects of my home city of Denver, CO. BUT, I have now bought a substantial amount...

Hi there! I applied for a DSCR loan and the terms include vague language indicating they may be a penalty if paying the loan early. Is this common for these types of loans? Is there a typical minimum period where the ...

Hi All,

First post (besides introduction) for me. My father and I will be going to our first auction as bidders this Friday (in Queens, NY). We have scouted the property numerous times, actually been inside the bu...

I talked to Brian Gibbons today for around 30 minutes. He gave me a short description of some of the ways to invest in Real Estate and then talked to me about what I want to do with real estate. Of course he was tryin...

Hi,

I've read the BP tenant screening guide but I still have a question I cannot find the answer to. I'm am soon to close on my first duplex (in which I will be living in one of the units). I have started to...