I'm looking at a duplex in Atlanta. One unit renting to section 8 for $1103 per month the other side $800 which is close to market rate.With the $1103 per month for both side the deal meet the 1% rule. However the dea...

I received the email below from my local REIA. I assumed it may impact many BP members and thought I should share. As I am a new BP member, I'm still navigating the site and wasnt sure if this was the best place to po...

I just purchased a townhome with a section 8 tenant in place. The housing authority pays $535 and she pays $190 for a total payment of $725. Prior to purchase, I reviewed the lease and all receipts. She has been on-ti...

I am just wondering if the 50% rule actually works?  If I factor in actual expenses and use 10% each for repairs/maintenance, management, vacancy and Cap Ex that gives me 40% of rents right there.  No way I can pay ta...

Hello everyone,We are doing a refi on 4 identical triplexes. The company hired two appraisers to do the valuations, two triplexes for each appraiser. The triplexes are located in a small, sort of, isolated community s...

Hello everyone,

first off, thank you already for all of the information i have gathered w/out even posting on here(this is #1 of many im sure)

Im interested in purchasing a single family or townhome to rent in my a...

Don't let your excitement and determination to get a deal funded blind you to the notorious red flags of so called Private Money Lenders. Believe me I know, I've dealt with enough PMLs to see the red flags before they...

Hello BP, wondering if it's legal to buy and flip a house with my LLC (cash), rehab, then turn around and buy the house retail (after rehabbed) in my personal name using FHA bank loan? I plan to live in the property. ...

My wife and I are considering purchasing a four-plex with an FHA loan. We own no other property. However, we've tentatively discussed the possibility of going overseas to teach English for a year. If we decide ...

Hi,I am a first time home buyer looking to find a decent home in a good neighborhood for a decent price in Bay area. I see a Trustee Sale listed in Redfin in Bay Area . Property is also a fixer upper . I see property ...