Hi everyone,First post ever here. My wife and I are early on in our real estate investing journey and looking to grow our portfolio. We are based in Texas and recently saw an early 1900s historic property come onto th...

Hi everyoneI have a question I hope someone can help me with.We own and live in a two-family house in Queens NY with about 500k in equity. I would like to buy 1-2 small houses to live/flip and rent out both the apts....

THE DEADLINE IS JANUARY 31!
Should you even bother?
Your first question might be – why should I? Well, three top reasons come to mind:
It will allow you to deduct their earnings on your own tax return.It is require...

I am curious to know how many people are in process or planning to get their license? I have read different views on the matter. I am leaning on getting one just so I am familiar with the process or at the least, acc...

Good afternoon BP investors. I'm going through my first BRRR property and I was wondering if obtaining W9 from contractors during renovation is always a good strategy. I have conducted my due diligence (license and re...

Hi BP,I am currently going through a mortgage refinance with a national bank on an owner occupied property which has a HELOC in the 2nd lien position with an expected closing date of Feb 25.  At the time of applicatio...

I have a property that is coming available. One of the potential renters is offering to pay the whole year's rent in advance in addition to the security deposit. Does anyone see any issues in doing this?  The property...

Rent Collection can be one of the biggest pain points while trying to manage a mobile home park.We have a few rules when it comes to rent collection that allows us to collect at a higher rate than the industry average...

We had tenants (roommates) who were supposed to be out as of November 22.  The one I had contact with told me that night he would not be done.  Then on November 23, when he brought the key to me, he informed me his ro...

So I bought a junior lien and got the payoff and reinstatement amounts. I can't figure out what the principle balance will be if I choose to just reinstate the loan.  Here are the major numbers I'm working with. Unpai...