We made an offer of $95k + seller to cover $3k in closing costs for a 4 plex on May 8. Seller accepted the next day. Realtor apparently forgot to put the closing costs in the offer and no one noticed until now when th...

Good afternoon BP,I recently got my first property rented.  I needed to rent fast so I lowered the price from 2200 to 1850.  The Management company gets ten percent 185.  The Mortgage is 1500.  I bought the property n...

I have a tenant who just re-signed for their 3rd year. They have been great, paying on time and never had any issues other than some small HOA compliance (letting weeds grow). I had visited their parents house when si...

I have found a decent deal which I am deciding to flip.  It is a short sale (price approved) and when the bank realized that the buyer (me) was also the agent, they turned around and said that they would not be paying...

Hi BP fam! I am an active development manager that focuses on the construction and design management for 150+ room hotels on the West coast. I have been in this field for nearly a decade and feel that it is time to pu...

I started out with a credit score of 790 when I bought my first rental. In 3 years, I've acquired 4 more, and my credit has dipped with each loan, and is now at 710. I have no debt except for these loans, and no credi...

Generally speaking, there are two main strategies when buying multifamily properties: Turn Key and Value Add. These strategies are very different and both have pros and cons.
In a turn key investment, the buyer does ...

I have a real estate license, but not an experience agent. I am considering representing myself for my home purchase. What are pros and cons in not using an agent?

Hello BP,Calling on all real estate agents. I am lining things up to purchase another rental after the first of the year. This deal came to me off market from the same seller that I have bought property from before. T...

Am I in a good finance position to buy a rental property? My husband and I are thinking to purchase our first rental property upstate ny for about $200k so we can have another source of passive income. Here is our num...