Hello BP community

I am a landlord to single family home in a college area in Ohio. I have 6 ladies that all signed a lease and each have a guarantor. My lease states jointly and severally for each tenant and their g...

ok I am a newbie and made a major error.  I bought a property at auction with the owner still in it.  Property was deeded to husband and wife but wife no longer resides there.  Had the sheriff serve them both nail and...

Hello BP Community,My father-in-law would like to gift my wife and I his cabin.  He doesn't care what we do with it (keep it and enjoy it or sell it).  He owes on his mortgage about half the value of the cabin.  We wo...

A while back there was a helpful thread where people talked about actual, specific experiences with REO's. Many of these stories ended in banks not accepting the offers (which is good information because a lot of peo...

Hello BP Members,Currently my mom and my aunt own a 4 family home that they had inherited from a family member. The property is paid off (mortgage free) and all of the units are rented. My aunt is looking to sell her ...

I've come across an off market 30+ unit apartment complex. My question is how should I approach negotiations when I'm speaking with the family directly? The details are outlined below.It is currently owned by a group ...

Hi Everyone!My wife (Amanda) and I are from Denver, Colorado and we started up our business (Miracle Real Estate Group, LLC) a few months ago.  It's been a long interesting path to becoming real estate investors, so i...

The bank holding my mortgage has informed me that they have made a business decision to not allow properties to be transferred to LLC's. I have gone back and forth wether or not an LLC is needed, but after doing some ...

Hi all,I am looking to purchase a 4 plex and was looking into down payment options. Is there anyway (apart from owner financing) to put 20% down as opposed to 25%, and not have to live in the property like with a FHA ...

My tenants have been in place since 2019, and so far, I have been renewing and updating the lease with a 1-page Lease Amendment-Renewal Agreement stating the new term and increased rent amount.  For their upcoming ren...