Hey BP community!  Appreciate any advice as this issue just came up.  My group has an underperforming vacation rental that we have been trying to sell.  We found someone who is willing to rent the property for the res...

I recently rehabbed a property, signed a 2 yr lease with someone, then about a week before she’s supposed to move in, she informs me that she has an ESA (Emotional Support Animal), a huge dog - lab mix. We have a no p...

I had interest only hard money every month of the year last year, am I able to write it off as regular mortgage interest?

Understanding the Key Differences Between Private and Hard Money: Pros, Cons, and When to Use Each

Hi folks,

Hopefully a simple question.

I talked to a private lender recently and asked what typical closing costs were. I was told $5-6k, which didn't shock me too much.

Later in the conversation I asked what the...

Here in WI, as in most US states, you need a broker's license in order to manage other people's properties. But you can, ofc, manage your own.What does 'your own' mean when there are entities involved?What does 'manag...

Along the lines of David Greene’s advice I’ve been putting together what I hope to be a “Big 4” team and I’ve found as I ask for input on potential single family deals from a prospective property manager that the mana...

Hard Money: What's covered by what?

In trying to figure out what loan is covered by what law, people will ask, "is it a one to four family residence?" Or, "is it owner occupied?" Is it commercial property?

Do...

I have owned a 30-year old condo for about five years that I have rented out the entire time I have owned it.  The roof is original, has been patched but still not fixed.  The condo is doing a special assessment of ab...

I’m looking to flip or BRRRR a property that has an above garage living space. I know for assessed value having it as an ADU will add value, can anyone speak from the experience on the permitting cost and time involved?