Hello BP Members,I recently bid on and "won" a property at an auction that occurred this past early March.  Prior to bidding, I did my due diligence and felt comfortable bidding (i.e. ensuring it was a 1st mortgage, t...

I am in CA. I served my tenant a 3-day notice and am quite sure he will not have the $$$ to pay in 3 days. My next step would be to get a lawyer and start the eviction process? Being in CA, I know this will take...

Hi All, 
I'm officially getting started in purchasing my first investment property in Texas. As I don't have a mentor, I wanted to cross-check here on things that I need to be aware of as I'm going through the proces...

If a plan passes where the government shells out a bunch of money to write down principal and adjust rates to get people out of trouble what will happen to the rest of us?

Lets assume that for every house that has st...

I'm closing on my first investment property this Friday in Lancaster, PA.  It's a duplex with long-term tenants who are getting a steal paying way below market value.  I'm sure the tenants are torn between paying more...

Hi Guys,
So, I'll be closing on my first rental property in about 3 weeks and I just found out this past weekend that the property needs a new roof. I mean, I knew the roof was old, but I thought I'd be able to get a...

Please respond with your opinion if this is a favorable partnership?I pay for the marketing to find and lock up the deal.  We use my partner's money to buy the property.  We use his money to finish the rehab.  I manag...

Just starting out and am looking at my first Investment property.I am confused between single family homes vs a condo.What is a better bet for a buy and hold investment and I want to rent it out. I want to take it as ...

My renter's wife contacted me early to let me know they were going to be late with the rent payment. I understood, and just advised the $5 per day late fee(I'm very fair and understanding). The 10th comes around and I...