For years I only purchased rental properties. I own many now. Some are good and some are not so great. The last two years are the first two years in twenty that I made money overall on my rentals. I'm hoping the h...

I'm preparing to rent out a 1977 sqft house in San Jose, target price $3300; the property has many valuable amenities, so I'm probably pricing a bit low, I think.  I'm pondering questions to include on my pre-filter e...

Hello BP,I have been a member and participant here for a little over a year. I find this site to be so complete and informative that I use it exclusively for my education, inspiration, networking and idea creation.I d...

I keep seeing these life changing one year turn arounds in peoples lives.My main question is how do people buy 10 properties in one year considering the DTI Ratio?I am personally making 65k-70k/yr at my W2 job and can...

I am closing on an 8-flat next week in Lincolnshire, IL (NW Suburb of Chicago). There are 6 - 2beds/1bath units and 2 - 1bed/1bath units.
Currently, it is rented far below fair mark rent. The lady who we are buying i...

I have a 5 bedroom rental property that I rent to local college kids where the lease terms generally runs from Aug. 1 to July 31. Because I'm renting to students, we start looking for tenants for the upcoming August i...

Hello BP people, I want to revisit an old deal I have previously posted.  My numbers on repairs/rehab are still rough estimates at this moment, it is just an estimate based on what I have seen so far.*These numbers re...

First it was the U.S. senator from Nevada John Ensign and now it's South Carolina Gov. Mark Sanford who boarded the hypocrisy train.
I, for one think that whatever you do behind closed door as long it's involve only ...

I am trying to figure out something lately, aren't we in a RE sales decline?
Most of the agents I know are twiddling their thumbs, or giving free tours of the city showing properties with few offe...

Economic Update
(Monday, March 22, 2012)
The TV commercial used to say “When E.F. Hutton speaks everyone listens.” Well, E.F. Hutton is no more. Now we have the Federal Reserve. And when the Fed speaks, truly EVE...