Recently I leased my first rental unit. The tenant moved in in the middle of the month of February. Right out of the gate she was unable to pay rent for March until half way through the month. I was understandi...

Hello,Me and my wife own a condo in Texas. Our tenants moved out on May 31st, and left the place in bad condition. Dirty floors, dirty stove, etc. Before moving in last July, we asked them for a $900 deposit.We agreed...

Buyer (2 local individuals) & I have a purchase agreement.  Home inspection finished last week, presumably looking acceptable to buyer(s).  Termite inspection passed.BUT... the buyer's agent has now sent an amendm...

Can someone explain the risks of purchasing a home in a flood zone? I am working on a condo deal (8 units) that cash flows two thousand dollars after all expenses are paid. I received the appraisal yesterday and it in...

I wanted to reach out to all those still on the fence, those stuck in analysis paralysis and those who have done a few deals and had a question. So,  have any questions, concerns, moans, groans or complaints? Go ahead...

Hi BP,
My REI partner and I are about to purchase our first two single-family homes.  Our realtor got a deal on 9 homes with a wholesaler.  We are buying each home for $148,000, with $500 in earnest money, and the Zi...

Hello Everyone! My name is Matt Ward and I live in St. Paul, MN. I recently decided that I want to pursue a career flipping houses. What is most exciting about REI to me is taking an unattractive house, and transform...

I recently purchased 3 properties directly from a local bank and wanted to share it as an idea for other investors. I have had a borrowing relationship with this bank, but do not have any significant accounts with th...

I was asked to pay in advance 2.5k for approving my loan before i get the money. I said explicitly that i pay loan fee only in escrow after the loan money was paid to the title company. Here is the letter i was sent:P...

Hi All, Came to vent a bit but also to get your opinions. I came across a good flip opportunity in Ferndale (close to work so I can keep an eye on it). Quick Math:109k Purchase price, 40k rehab, ~20k holding costs (6m...