There’s a famous Chinese proverb that says, “Wealth never survives three generations.” America has its own version, which says, “Shirtsleeves to shirtsleeves in three generations.” But while 70% of wealthy families wi...

Are auctions a good way to begin finding properties to flip?

Hi All. First post. First investment property. Just getting my financial house in order and talking to some lenders. Most of them are quoting me: An origination fee - $2500A processing fee - $1000An Underwriting fee -...

We have been negotiating with a seller for a piece of land we intend to develop (if purchased) in Texas for several weeks now and I don't think we'll get a contract. We are gearing up from a procedure standpoint to b...

My sister is about to enter into an interest only loan. I don't know thing one about these kinds of loans. My gut tells me that it's a BAD idea. CAn I get some help please.

Eric
I agree a major benefit for one to work with you is you are an advocate for them in an effort to TRY TO PERSUADE the bank not to come after them but their are no guarantees and if we told the customer anything to...

We're new to Texas and not sure if the same lending practices hold true for all states?  We're wanting to buy an owner-occupied duplex or 4 plex.  Would we be able to use an FHA loan for that?  In Texas, is it require...

My tenant came home this evening to find the sewer backed up into the shower in his one bathroom. We are getting a plumber out here immediately. He is going to stay in a hotel tonight. Do we owe him anything for the i...

Hello BP community!My name is Benjamin Shearer and I am a new investor from Josh Dorkin's favorite area (DETROIT!). I have been continuously stalking the BP blog posts, site and podcasts over the past 4 months and fig...

Hi All! - I had interest from a company called June Homes in leasing our Somerville, MA 4 bed, and then subleasing it out to people relocating to the Boston area. I believe they rent each bedroom separately.  They wou...