We have a friend that has moved from Iowa to Texas but has a home that needs about $50k worth of work on it.She has very limited funds if any. I have agreed, if we can get a contract for this, to take over her mortgag...

I had this fantasy that when I did my first deal I would become a paying member of BP and then amaze all with my tale of success. Alas my tale of success will have to wait and in the spirit of honesty and reality I pr...

Have a scenario that we are curious about what the answer is. Husband and wife purchase a home. Mortgage is in wife's name only. Deed is in both names. A few years later, husband and wife get a divorce. Wife is remove...

I’m closing on the sale of a duplex on Friday, and I’m trying to figure out how much I will need to set aside for capital gains taxes. How do I figure out my cost basis? What expenses raise my cost basis? For example ...

A quick rundown. At the far secluded end to a Pennsylvania country lane, sits two houses, one house I've rented for 10 years, and the second house where my landlord's son and his family live and have so for about the...

My primary residence is owned in a family business LLC. I would like to transfer the property into my own name so that I can utilize the equity to acquire rental properties. I would prefer not to refinance as it would...

This company in Chicago has a seemingly nice business model for turn key REI passive income. They try to find less expensive but non crime infested neighborhoods, purchase old brownstone or greystone homes with solid ...

So I have bought several properties from my local sheriff sale. Pretty straight forward process. Get the list of houses, inspect the outside of the homes, check title, try to buy it low enough that you can make money....

Hello everyone,I manage a 10 unit complex here in north Georgia. We just had a commercial appraisal come back at $850,000. We owe $518,000, but it's a balloon with 3 years left. We are trying to figure out how to move...

I was able to track down few properties purchased by bank at wholesale. From my experience few weeks later these properties will pop up on the MLS with around 17% mark up from the bank purchase price. I guess the 17...