Hi BP! I'm purchasing my first multifamily property located in Redlands, CA. The property is nicely located near a university and the area generates a pretty decent selection of tenants. I've been reading about the pr...

I purchased my first property back in January and I'm getting ready to purchase my 2nd. I live in Seattle so I'm starting out with the turnkey route. All properties have brand new HVAC system, hot water and roof so my...

I just received an email from my accountant that basically stated the IRS has made some sort of change that will require investors to file a Form 3115 or they may be subject to a higher taxable income due to less dedu...

I'm curious to see how other landlords feel about this. We have a tenant who has paid late the past two months. Between the late fees and penalties, it's been about $200 extra each month (rent is $985)

My p...

Has anyone here ever used this service, and if so, any feedback?

Their basic premise is:

"Use Our Deposits, POF, and Buyers for ALL of Your Wholesale Offers and Contracts

Unlimited Deposits: We’d ...

I am so glad I found this forum. I am new to investing in real estate and found out about REOs from a neighbor who is paid by banks to get them into selling condition if need be.

I have been searching for REOs in ...

Hey All,I will be closing on my first SFH next week and purchased it with a residential mortgage.  At the advice of my attorney I formed an LLC to protect my personal assets as I continue to grow.  After speaking with...

How much though?
In Reno? Phoenix? Seattle? San Fran?

So I have found a property, in a decent middle class neighborhood, the details are as follows:

[list]Property Price: $140,000 (asking price, can negotiate down but for analysis purposes keeping it here)

# of Units: ...

I am trying to get around the 10 mortgage limitation that most banks have these days. My partner and I are buying distressed multifamily (2 - 4 units) with hard money, rehabbing the properties, putting good tenants in...