Finally bitting the bullet and making my first post. The last few months have been soaking up information on the site and listening to the podcast episodes. The wealth of information here is amazing and I am really im...
I have a tenant that has a coworker that is in immediate need of a place to stay. The coworker has 3 children. My tenant wants to let her stay with her until she can find housing. We recently bought this property, and...
Hi BP,I purchased an older (circa 1930) multi-unit building in Pennsylvania. I inherited 3 sets of tenants under conditions that were concerning at the sale (i.e. no leases or rental history), but I understood that t...
We, husband and wife and our children, live in a paid-off house (A1) with short commute to work.For the sake of better school district, we are buying another house (A2) and plan to live there for the next 8 years.We...
My unrelated personal business has taken off and I may be looking at making $500k this year. I own no real estate. I've never made this much money or even close. I need to get rid of some of this cash so I'm not payin...
I rented to a woman with two children. It turned out the her "children" are big strapping 17 and 18-yearolds.
The three of them like to take hot steamy showers. The rental is 2-bedroom, one bath duplex with...
Is what I’m doing stupid? Please, all opinions welcome. I’ve turned our first home into a short term rental property. Mortgage is $3,000 and I’m making around $1,000 after all expenses. It’s been steady and I’m booked...
I have a contract on a house that was scheduled to close Friday.
It is part of an estate sale with a gentleman that had 11 children. I was notified tonight that 1 of the 11 did not want to sign during the session fo...
Good afternoon BP Family,
Today I sat down and decided that I had really done enough research on potential properties to jump in the deep end and stay afloat.
My wife and I currently own two rental properties b...
Hey everyone, first post! Anyway, I feel pretty knowledgeable in this as starting out as I have read the books and had mentors etc. for a few years gearing up, BUT, I have ran into a problem I have not found a good so...