My fiancé and I are buying our first house that will be our primary residence for a couple years then we will rent it. We negotiated with the seller and got the price where we needed it and we have been super excited....

It is said that "There's more happiness in giving than in receiving." (Acts 20:35) The awesome thing about BP is that its most successful members are GIVERS. By giving away information that the gurus charge thousands ...

:mrgreen: Hello Everyone!
Just wanted to take a moment and introduce myself. I am Ellen from New York! At present I am a Certified Master Virtual Assistant, and I also own and operate a few of my own Web sites. One...

Hi BP, I recently got an idea, but I'm starting to doubt that it is feasible,  and it may not even be legal for all I know. I know BP has people of all backgrounds so I expect someone might be able to answer my questi...

Learnt some interesting stuff today. For using an on 3&4 unit MF, you cannot use a gift as cash reserves. I believe you need at least 3 months of cash reserves (at least according to 1 lender). BUT! You can use th...

I am looking to start a STR in the Poconos PA.  My wife and I checked out some of the areas and really liked Arrowhead Lake and Lake Harmony.  We want to provide a unique experience for our guests so we would either b...

Hi guys, We're a young couple in our late-20s living in New York City.
No house. No car. No children. No debt. Combined income $220k-$280k. SO is a software engineer. I run a small Airbnb biz.    

Liquid $530k - m...

This is a little complicated to explain, but I'll try my best! My mom has gotten behind on her property taxes and her house (fully paid off) was set to go to auction on Tuesday, March 6.We (fiance and I) have just ove...

Hi BP, 
I wanted to post to make sure I'm understanding the depreciation recapture process using an overly simplified example.  I'm leaving out deductions for closing costs, maintenance, repairs etc.
Say I buy a hou...

Hello BP!I own a 3 Flat property on Chicago's Near West Side and I am planning on increasing rent in the following manner:(Rent increase is due to market rents and a hike in property tax)3bd/2ba, 1,150 sq ft Apartment...