A friend of mine is saving up for his first downpayment. At his current rate it’s going to take about 3 years of saving in order to come up with his first downpayment. I’m curious how others came up with theirs. My fi...
Since note dividends are taxed at the same rate as regular income, and there are no tax benefit like depreciation or mortgage interest deductions, I am looking back to real estate to help avoid keeping 63% or less of ...
What's the best way to deal with damage to the house which exceeds the security deposit? Do I send the tenants the bill for the damage? What should I do if there are two unrelated tenants?
We are a year away from having our son start college. We are thinking about buying a 3-4 bedroom place where he would live and we'd rent the other bedrooms. After he graduates, we'd rent out the whole thing. This wo...
I have 3 houses each $2700 a month in mortgage and no other debt; no credit card, no car nothing else. My total expense is $2700*3=$8100 monthly. My question is in order to buy my 4th house 1million dollar FHA 3.5 ...
I have debated posting something on this forum for some time regarding our situation, and finally decided to move forward. My wife and I are in a horrific situation with a tenant, who we inherited when we bought our f...
Dear BP Family:I'm thinking of trying a 'House Hack' using my own future primary residence. I have a foreclosure option that can be purchased cash and then potentially refinanced into an LLC. Has anyone ever thought...
Can't believe Brandon left out Springfield, Queen City of the Ozarks, the cultural center for all mule loving hillbillies ! Population 165,0000+ fastest growing area of the State, estimated at 22% to 2025. Economic ce...
When is the best time to ask your new / possible future tenant for a background check? Is it before you interview them? After you interview them? Or after you have showed them your rental?
My neighbor passed away unexpectedly. He was a lovely man, but a real slob, and I am trying to buy his house from his next of kin, a brother & sister who are not as eager to sell as we had hoped. The place needs a...