Hello,I am about to place an offer on a Short Sale that needs a lot of work (butterflies in my stomach) I obtained bids to get the work done and my realtor will submit them with the offer. There have been several low ...

Hello BP community,

Any advice regarding amount to ask for pet deposit?

SFH, $1350/mo, tenant will have 2 cats, we will keep one month's rent as security.

let's assume credit/background/refs are good.

Appreciate...

I'm a newbie working on my first deal. Looking at a duplex that is 2Br/1Ba. Craigslist yields $625 for a comparable unit in a stand alone duplex up to $775 for one with a fireplace and basement. Units in complexes in ...

Forgive me if this is a stupid question, but I’ve looked all over online and can’t the specific answer.

I know banks have minimum loan amounts they will do. Is that minimum the purchase price, or is it the actual de...

What is a good percentage to take out of the rental property income for maintenance?

Hey Gang,I am looking through some numbers this afternoon and seeing what properties I could possibly afford. The average price of apartments, based on a quick scan of zillow, in Albany, ranged between 150,000-200,000...

I have found a reo property that I am very interested in. Like all others it is not in pristine condition. At first this house will be my residence, but will eventually be turned for a profit. My question is this , th...

I am looking to purchase an REO currently listed at $314k. The house needs some work - approx $60k to get it into good shape. Once completed the house should be worth about $370. I plan on living in this house for...

What would be a min. amount you want to cashflow on a SFH for a buy and hold property?  Also what is an ideal range to shoot for? 

For MF 5+ unit, and more specifically 20-100 units, what % are you offering/providing for earnest money deposit? How long for due diligence before EM is non-refundable? I realize this may vary depending on the area an...