Hi everyone, I just closed on my first property this past week in Rhode Island. It was a duplex with existing tenants on a month to month tenancy. The tenants did not pay rent for two months while we were under contra...

There are Five important points regarding Short Sale Double Closings (A to B; then B to C): 1) Necessity of Title Insurance for the A to B transaction; 2) Necessity of Disclosure to Short Sale Lender ("SSL"); 3) Neces...

If you want to do a short sale but have never been delinquent, have no trouble making payments, and do NOT want the bank to forgive the difference, but allow you to make arrangements to pay it off (assume as a loan o...

You have a mess, you should never have leased the property with a tenant being responsible for maintenance and repairs.

It could be assumed the home warranty would be provided at closing, not at the time of a...

Hello BP Family

I'm currently evaluating a deal where the property needs structural repairs.

People always advise against getting involved with structural work but I think I can gross about 2k a month in rental in...

I was told by several people in the business that when doing a wholesale assignment deal where I stand to make a larger than normal profit, it is best not to disclose exactly how much I'm actually making. I was likewi...

So I'm considering retaining an attorney to create a Wyoming Irrevocable Trust to protect some of my assets.
My rental properties are mortgaged so I can't put them in there, but I want to put money in an account in t...

Hello iam international owner of multifamily property in detroit mi.iam selling my property and have 54000 $ unpaid water bill in name of tenant. Dwsd says it's tenant responsibility but title transfer company is afra...

Hi all,I have a tenant who is wanting to purchase the property from me, but by the end of the lease, she will only have 6 months of employment and credit history under her name.  She was a single mom in the past and d...

Good morning BP,
I'm looking to acquire good cash flowing rental property in the DMV area and have a few leads from wholesalers. A common theme i'm noticing is that they are requiring that i use their title company. ...