Hello fellow BP’s, I’ve been pre-approved for $200k loan, but closing costs seem a bit high, does $16,000.00 in closing costs makes sense, the bank officer at Quicken Loans said the closing cost on investment properti...

I own a duplex and rent out the 3/2 opposite me. I really didn't want to do separate rooms, and the lease isn't written as such, but the tenants treat it that way. Lease ends November and tenants are moving out. One o...

I recently closed a deal using 1031 exchange. I was wondering when it comes time to sale how is the IRS notified?  It's not like there is a tax lien on the property is there?
If the 1031 originated in a state with in...

Can someone please break down the 2% rule and 50% rule down for dummies.. i just can't comprehend this . Can you break it down with examples ..:-) Just trying to figure out this whole 2% and 50% rules .. Thank you 

     So I have a neighbor who unfortunately happened to move into a corner lot circle across from my property, ever since he has moved he told my other neighbor who shared with me information that he is anti pro short...

My first property and first post. Just closed on a brick 4-plex ranch, two bedrooms each, fully rented with good tenants. Paid $115,000 with a 4.5% 30 year loan. Gross Schedule Income is $24,500 with rents currently b...

Hi All!!  Newbie here,I'm currently 1 of 2 tenants in the building I'm interested in purchasing.  The owner is open to selling (not cash-strapped or anxious to sell necessarily), but with the potential sales price and...

Hey BP members. My team and I want to put out a mailer but are having trouble with the language that the mailer should include. We aren't to sure on what to say because we want to make sure we do the best we can being...

Are longer leases a good option to consider? If I was considering a 2 or 3 year lease. And maybe offer no increase during that period or maybe a small increase below market rates. Is that a thing? Any disadvantages in...

Hello,I am in the contract of a house in Rockwall, Texas (Dallas area). I run the rate of return online and this is what I get. Please advice me anything you know, I appreciate that. I am a new guy, this is my first i...