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...

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 ...

I just completed my FIRST FLIP! The rehab took approximately 3 ½ weeks. The home is a 2bd, 1ba townhouse that is slightly over 1000sq ft located in Illinois.Numbers:Purchase Price with closing cost: $55,290.25Rehab Co...

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...

I have an opportunity to purchase a 50 unit apartment, along with 7 other SFR properties (14 doors total for those) from a retired old-school RE investor. He keeps telling me that he used to buy his properties using t...

Hi all, I wanted to share my experience with my first project as a real estate invest
or.
I am 30 years old and live in Edmonton Alberta with my wife and three kids (2,4,5), I am a land surveyor and just starting my...

Does anyone know if it's possible to get a 1st Lien HELOC on investment properties? If so, what banks/lenders will do this? Any lenders have insight into this?

There are a lot of discussions on the site about starting out, but I find that those discussions where people share the challenges they went through on difficult deals are the best to learn from.

So . . .

What Was Y...

I will be rehabbing my investment property (property manager will oversee) and am wondering if contractors expect some upfront payment (e.g carpet layer to buy carpet, cabinet maker for kitchens). I currently have a s...

I always rekey all the doors in my rentals when I flip the units for a new tenant as I always worry about the liability of keys floating around. What is your practice ? What would be a landlords liability if a key fro...