My goal is to quickly valuate apartment buildings with current accurate data. (i.e. interest rates, insurance rates, future taxes, future expenses, etc.)I'm trying to determine what the commercial loan interest rate w...

Hi, I got a call today on a house. The woman paid $79,000 for it in 2006. She knows she over paid and doesn't think she can sell it without being able to pay off her loan which would mean a short sale. She doesn't kno...

I read a lot here about people having passive losses or paper losses once depreciation is factored in. But depreciation for a residential property is only 3.636% each year (27.5 years). I know this is a good problem t...

Hi everyone,My current strategy is house hacking but l realized recently that it’s hard to make a property cash flow with current real estate prices. That being said my property has gained a lot of equity since I boug...

So looking for some guidance. This is going to be my first investment property. Looking at smaller town homes in the area. Around 100-175k. Started dealing with a lender and mentioned a home equity loan since it is a ...

Hi All!

I have to this point mostly owned "residential" multifamilies. As I look into larger properties i am wondering if anyone has a list of improvements to make and estimated improvement $ amount to be added to va...

I have a property that I want to sell and do a 1031 exchange into another property of lesser value.  I want to confirm my understanding of the 1031 exchange rules are correct.Exchange property: Cost basis is $205k; Sa...

Hi BPers,Generally it is well accepted maxim in BP that any buy and hold investors should have a reasonable amount of reserve for our properties just in case something goes wrong. With that in mind, wouldn't buying re...

Hi I want to know if is posible to buy a house that is going to foreclosure tomorrow September 2.. directly from the owner... I intended to payoff the mortgage but the bank says is to late... The owner want to make th...

Greetings All,

I am evaluating a property to purchase as a rental. It is located in a suburb of Philadelphia, PA and is listed at $114,900. It has been on the market for 186 days and is a double lot that is suppose...