My goal is to acquire 167 rental properties in 5 years generating $500/month on average. 
Im starting my first year and am planning to buy 10 properties in 1 year. I’ll have $50K saved and $8,000 in credit lines. 
M...

I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...

I was born and raised in CA. It's so heartbreaking to see what is happening to it.  A recent poll says that 46% of the people plan on leaving the bay area. Let's do our own poll (FOR CALIFORNIANS or those that recentl...

Just in!After decades of being a national joke, Detroit has turned the corner and is outpacing the rest of the Midwest!It's even doing better than Columbus, OH, which is starting to fade.Detroit's focus on removing bl...

Hey, guys!I've been on BP for about 7 months now and I have quickly learned two things:There is no better place than BP to talk real estateThe wealth of information on BP is immeasurableI've read and learned quite a l...

I'm just about to close on my first rental property (house-hacking a duplex in a small town outside of San Diego, CA).  The previous Landlord raised rents 3-5% every year on this property, so it is currently rented fo...

Chicago is a hot market now but the State, County and City all have significant public employee pension and healthcare debt (that cannot be reduced except maybe in a bankruptcy).  Property taxes are already high, but ...

I have had a interesting discovery recently. At the end of last year, I was finishing updating my financials and I realized that my networth had reached over 1 million dollars. That had been one of my financial goals ...

Given that there is such a liquid market of buyers online I was wondering what people's thoughts are on the commission paid to Realtors. A 6% commission has always seemed scandalously high to me given the typical amo...