I have been offered a free property ($1) in a very rough part of Philadelphia. The property is a boarded up shell. I'm trying to figure out what risks I run if I purchase this and sit on it for the foreseeable future....

I suppose I would be conserned if I had a vacant property that I couldn't check on often.

http://www.foxnews.com/wires/2008Dec01/0,4670,ForeclosureSquatting,00.html

Miami activist moves people into foreclosed houses...

 So I had an experience the other day that I thought was worthy of sharing with the community. I am generally a big advocate of "driving for dollars"  - for those who don't know - it simply mean driving around looking...

I am looking for a bit of advice regarding selling a property and the breakage fees associated.We are looking to sell one of our properties that has a mortgage with RBC and we recently called to see what the cost is w...

Hello everyone,This is my first post on BP, and sadly it isn’t even for me. But I’ll get right into it and hopefully I can describe everything appropriately and accurately for everyone to understand.I have a mentor an...

Hello fellow investors,I am in process to buy and apartment complex that has homeless people problem. Homeless come in laundry room and sleep and sometime they sleep in common areas.is this correctable problem and wha...

I've been patient for many years. When the market was going crazy at the beginning of the run-up in 2002, I didn't have the money or the time to invest. My wife and I bought our primary residence and then upgraded to ...

So, I am located in essentially the heart of LA, right in the middle, I have yet to make my first investment but while I'm still learning I've come across certain red flags about my area. For example I stumbled upon t...

Where to begin…

I ended up with a nightmare tenant, despite screenings. She consistently paid rent late, had an illegal guest for the better part of several weeks, damaged the property, disturbed the neighborhood a...