Diary entry One- I just spent a month doing the due diligence, aligning the management team, developing relationship with key players (particularly the lender), and I am almost there.  Well, .. . . was almost there.  ...

I have a tenant that his moving out of a rental this week and asked my property manager when they will start showing... they just informed me that they won't show the unit while the corona virus issue is going on. I o...

Greetings.  I have a single family home that I want to rent.  Using a PM to manage the property isnt preferred (because I'll only break even, literally).  My plan was to just use a PM to find a tenant (and they'll tak...

This is going to be long, hope it makes sense. 9.5 years ago 6 investors got together and purchased a 42 door condo complex. 3m cash was put it and a 3m loan was taken out. Rents have paid down the loan and it will be...

Just saw a story on 60 minutes about several very large banks manufacturing ownership documents. All related to mortgage forclosures in the past several years. It appears they can not come up with the real title of ow...

Hi BP!  First time poster, couple month lurker ;)Looking for advice for buying a STR in the Smokies.  My sister bought 2 cabins recently from @AveryCarl and I think I've finally convinced my husband to get in on the a...

Property appraisal value: 265K

Borrower's down payment: 79K

You 1st trust deed: 132K

Seller: 2nd trust deed: 70K

Two year balloon

In addition to the high combined loan to value, what e...

I am debating on setting up an LLC for holding my Wisconsin property.  I am Looking at getting my second property sometime in the near future.  I have read that Wisconsin has a watered down version of the Series LLC l...

Just wondering, does anyone on BP make money from RE, but actually acknowledge the simple points outlined in this site:https://www.caare.org/The site clearly and concisely absolutely exposes all of the worst things ab...

I was wondering if I could get some help. Found a 3 family property in Concord, NH. Just before we were going to put in an offer we were told there was a known lead issue from back in 1999. We now hesitate to put an o...