So this is a flip that we will live in for a year or two (likely 2). It in an area we like and is close to our rental property. It has been on the market for a little over a month and seems to be priced poorly. It ...

Hey BP!I’ve got an issue with a foreclosure I just bought today. I won the auction and paid for the property there. Then I drive by the house and there’s an investor company (something like “we buy run down house”) si...

I purchased a number of adjoining properties mid last year. This unit came tenant in place on their first year lease. My first lease renewal of 2016 comes up next month and PM suggested a 9+% rent increase. I was very...

I closed on a house on Dec 2nd it was my first short sale deal I had been involved in about 7 attempts at short sales during the previous year and none came to fruition . What I found was the delay from the bank becom...

I bought my first rental condo back in February/March, and just now realizing the gaps in how things were identified to me both by the seller/realtor and the home inspector recommended by the Seller agent. Besides rea...

Hi guys,

Something came across my mind, I never really thought about it since I wasn't focus on buying REOs.

I saw a property REO for $30K and the area is usually $60K-70K

Say that this REO is move-in ready, no re...

There are great benefits to buying foreclosures. For one, you can make money re-selling a foreclosure, especially if you can do it through a short sale.

At the same time, there are some pitfalls that you should be aw...

Hey guys. I need to help my sister. She owns a duplex and had lived in it for about 7 years and rented the other unit in and off. She's not really landlord material so she's constantly running into issues. I once cam...

Does anyone know if it is possible (from a legal standpoint) to sell a property that has a stop work order on it? We're doing a flip in a suburb of Chicago and we didn't pull permits and a stop work order was put on t...

Please give me feedback, what can i do to get this one rented. it has been 7 months. ://russellpm.com/renting-overview/rental-listings/1600-...