Hello BP community,I am new to REI and am learning the ropes. I have read many of the books, listened to the podcasts and have started my direct marketing. It has already produced many great leads and should be closin...

I have put in an offer on a house that we are planning to flip. I'm a little concerned about the finances behind this flip.  Can someone please tell me if I'm understanding the financing correctly.We are going to go w...

I was super excited to find in the mail- my first tax lien check. Note says the tax lien redeemed. To my dismay though, it was for the exact same amount I purchased it for- $273.61.I bought this Over the Counter Flori...

Hello BP,I wanted to know if a seller can back out of a signed contract? What should a buyer do if the seller gives the buyer a cancellation letter from there attorney, in the state of Illinois? Please let me know tha...

Hi All I would like to get some advices to how to handle the situation of tenant not paying last month's rent . I have a lease that is going to be ended this month . The lease clearly stated that tenant can't use secu...

is Double Net in structure and Landlord is only responsible for roof and structural repairs while the tenant reimburses the landlord for the taxes, insurance and common area maintenance charges. The lease was recently...

As the title says, I just bought a 4-plex at the commissioner's sale today. I went over and had a chat with the tenant who is the "manager" of the property along with 2 or 3 others that the previous (delinquent) o...

I have a tenant that never put the water nor sewer bills in their name and it states in lease that they are obligated to do so. I paid the last quarter's bills because they were experiencing a hard ship, but they were...

Hi all, I recently received my property tax bill for a new rental I purchased this year. The previous owner was an older owner-occupant and paid virtually nothing in property taxes due to homestead and other elderly e...

Recently my wife and I purchased her parents home and leased it back to them. I think the process we went through and the structure we ultimately followed may be of interest and perhaps help to others so I will summar...