I came across a bank-owned quadraplex for sale in a complex of 19 other vacant quadraplexes. Asking price has dropped to $1500, so about $2300 with closing costs. It's bank owned, so there are no other liens or back t...

Hello, everyone! My name is Chris and I'm new to BP. I've been a big fan of BP for quite some time, reading and learning day by day. Recently, I've decided it's time to post my own questions and get great advice from ...

Hello, I am new to BP and actually real estate in general.  I posted my introduction awhile ago and I have come up with several questions regarding real estate and my current situation. I would like to become a licens...

I have a tenant that did not pay for her insurance and cannot until late next week. She is on a month to month lease. I live in Illinois. Just checking what your process would be. I believe I give her a 10 day notice,...

We are currently preparing to get started with REI in the Phoenix area. Sometime mid next year.
We have some capital in our savings account. We also have some money spread around in various mutual funds; some in plai...

I am looking at some inexpensive condos in a lower-income area offered for $54,500. With lending being what it is these days, I am thinking of going in with a $20k down payment for a $34,500 mortgage. My spreadsheet...

Hello all,I’ve been heavily focused on SFR buy and hold analysis and I'm thinking about looking at a 4-plex in my area. When looking at the ARV, etc...how exactly is the ARV determined on a 4-plex. Before you say co...

Pipes froze and now have burst pipe and had to shut off water to the house. I’m guessing it could last a week or more. Any thoughts on how to handle this? The tenant has already been without water for 2 days.Do i need...

Hi BP,Need help with a 1031 question.On a 1031 election, can you liquidate the proceeds prior to the ending of the 180 day period requirement without penalty?If so, are there specific situations that allow you to?    ...