I have found a fourplex, I'm kind of using as a base to recognize a good deal.The property is in a prime location, and looks very nice (only seen in pictures so far) and the asking price is  $485,000. The seller is a ...

Hi Fellow BPites,I recently ran into some bad luck and had two major plumbing repairs on two properties. Expenses were $2.5K and $5.5K (& counting) respectively. In both cases I had sewage backup into the home. Th...

I am considering purchasing a package of 3 duplexes located in what I would consider a transition point between high-end ($500K homes) and lower end (30K homes). There have been no recent sales in the very neighborhoo...

Buying a house in Austin and while doing due diligence found it has 5 expired permits from 15+ years ago. These permits were to go from septic to public sewer. Current seller doesn't know the history of the property a...

Hello BP community, I am a resident of Columbus, Ohio, and a newbie at this. I want to invest in a cash flow property, ideally Columbus would have been better for a start, but I have been outbid twice so far. My atten...

I am in the unfortunate situation where one of my tenants in a fourplex has completely stopped paying rent. They claim that the head of the household is hospitalized and is unable to work so they are unable to pay the...

Hello all,I am new here and just wanted to request some feedback as this will be my and my wife's first foray into real estate investing. My wife and I were gifted a .25 acre lot to build on in Lehigh Acres by her par...

Do any of you ever require any supplemental information from servers or waitresses to corroborate their income? If so, what else do you ask for? Tax statements?  I know servers can do pretty well making tips however I...

So here's Mark’s theory of neighborhoods and leverage through rehabI’m sure this topic has been discussed before but I didn’t know what key words to look for.So, I sell turnkey rentals and what I’m finding is that man...

IRS will challenge the 750-hour requirement under §469(c)(7)(B)(ii).   The Temp Regs set forth the requirements to establish hours of participation §1.469-5T(f)(4):  "The extent of an individual's participation in an ...