My first attempted deal in REI turned into a bust yesterday as the seller failed to perform. I'm hoping to field some advice from the biggerpockets crowd on how to handle this situation. It's a bit of a long post (sor...

Hello BP Meembers,

I am currently in the process of setting up my LLC and my CPA told me to set it up under a different state LLC because it's much cheaper. I live in Chicago and he said that it costs around $500 to...

What the chance!  The worst wildfire in Gatlinburg, TN in a decade somehow found way to my apartment buildings in downtown (near town center).  Luckily all tenants were evacuated by police the night before and no one ...

*Disclosure I am speaking to an attorney on the matter this week, but wanted to share and see if anyone has had a similar experience or knowledge in this matter?So unfortunately my contractor was late in getting me a ...

Under what circumstances would one of these strategies be more favorable than the other when acquiring an investment property?And with each strategy, what would be the exit strategy you would be after?I have have been...

We all know cash is king.  It seems as if all off-mls/motivated seller deals require  a "all-cash" purchase. If i dont have all cash on hand. Is it possible to get all cash deals? Does a hard money loan count as all c...

Hi, does anyone know anything about a crowdfunding group called Groundfloor? A friend of mine asked me about them and she wants to invest with them. I don't know anything about them. Any insight would be greatly appre...

Hi all, I think I am in some serious trouble now and really need your guys' input!! About a year ago I got connected to a loan broker here in BP who was posting ads looking for private money to fund local flippers- so...

Hello BPMy wife and I have spent the last year reading and educating ourselves on real estate investing and primarily Multi-Fam. We are now at a point where we are both just very eager and itching to get started, as I...

1) Not keeping enough reserves. Big expense hits and owner cannot handle it

2) Fix/flip - unforseen repair needed. Too many deals go bad.

I'm curious to hear how RE empires go down during recessions.