Hello, I have been reading and doing research for several months I didn't think I was ready yet but a rental property has fallen in my lap.  A family member died leaving me his acreage and older mobile home in Tallapo...

Start Small and make your big mistakes Early.
Deal breakers- market, finance, zoning, footings, road type, water/sewer availability, Storm sewers, Storm retention ponds, over Analyzing, too Greedy. Everything else yo...

Hello BP, I'm currently in the process of purchasing a triplex. Offer accepted.
Doing the numbers my net cash flow should be between $500- $700 a month with the current low rents.
Im in New Jersey and the current re...

I recently applied for an $80k HELOC to cover some of the purchase price and rehab costs of a deal I was looking at. Yesterday the bank called me and said that I qualified for up to $170k. Of the original $80k I app...

Hello fellow Pockets!
I am in a situation and need some advice. 
Situation:Property is for sale at $175000.00 and could appraise for over $225000.00 once it's remodeled. Or it can be rented out in the state its in w...

Ashley and I recently came across a listing with “possible short sale” in the title. If you don’t know, a short sale occurs when a bank agrees to accept less than what the borrower owes on their mortgage when the prop...

Is buying property from your management company considered a non arm's length transaction?i'm in the process of doing a delayed financing exception and the lender is requesting that the purchase should have been a arm...

I’m in the process of possibly purchasing my brothers duplex. The goal is to apply for a mortgage at the same bank he applied for his mortgage and take over his mortgage. First, I don’t even know if that’s possible.Al...

Hello BP, I'm looking at getting a piece of land under contract and I'm working on figuring out what it will cost to get utilities and etc to where the house (SFR) will be built. I have costs for water and gas (if i e...

I search the MLS for deals, read newspaper listings, Search FSBO Web sites can BP members give me some insight!!!