This may be a little bit lengthy but I think people could learn from a recent purchase I made. I closed on a house yesterday that I bought at an auction.  I have purchased at least 30 houses at auctions so it’s not t...

So, I closed on my first property in Chicago in August. It is a 2-flat remodeled in 2016. Long story short, the heat went out on the first floor last night (was about 12-15 degrees). Tenants were fine luckily but fast...

BP Community - I'm in contract on a SFR in Jacksonville, FL. I'm a little stuck and need advice on best course of action. Situation: The water and power are shut off at the property (it's an REO held by a private lend...

Hello all!  I'm looking for a little advice.  I've just terminated my property management company and now they are saying I owe them $500. Long story short, I've been told to pay up or they'll put a lien on my propert...

Hi everyone, I am in the process of buying my 1st rental property and just finished with home inspection. The only thing that worries me are bulges on the drywall at three different spots cause by leaks. Two spots are...

Hey everyone!I'm new to BP and just stumbled upon this site online the other day while I was doing some research.  I started reading some of the forums and was blown away but the amount of information on here so I dec...

Good evening,

So after reading, blogging and watching videos, I have learned I could go for a FHA loan, get the property, live there and rent out the rooms and live rent free. My major concern is, I do not ha...

Here's the deal:

I'm buying a 29 unit building for $820,000

I have the first in place at: $620 at 6.5%

I have a second in place for $50k at 6%

I could get another loan for $150k at 16%

If I did it this way it wo...

I have been looking at foreclosed houses in Houston, TX trying to find a property that I can force equity into. Today I visited 2 HUD properties that interested me because of their condition. I knew they both needed s...

We got a 2 family house 5 years ago where we live in one of the units. we've saved up some money to buy another property and thinking about what would be our best long term move. It's enough money to buy a decent ...