I just wanted to see where I am in the grand scheme of things here...how old were you when you purchased your first property? I am 26 and will purchase my first property later this year (December time frame). Also, if...

Hi All, I just toured a triplex this morning with $1,602 in total rents, the asking price is 135k but my realtor said if I can't get it for 100k with little or no money down, I should pass. 2 of the 3 units have not b...

I often hear people say “I only had $10,000 and I was able to buy a duplex in a nice neighborhood with an FHA loan, you can do it too! It’s that easy”. Seems like this is disingenuous. They leave out closing costs, em...

My wife and I are located on the north Oregon Coast (think Astoria/Seaside), and are relatively new to real estate investing.  We have done a condo remodel from studs to rental, and are currently doing a live-in remod...

Hi! My name is Ed Littell, I'm 27 years old and currently live in Troy, NY. I have absolutely no experience in either investing or real estate. I'm interested in REI not just for the potential of financial independenc...

Every time a tenant moves out, they don’t pay their last month’s rent. Sometimes they leave without paying the last two months of rent. Security deposit is not enough to cover the turnover and back rent. It seems near...

This has probably been asked many times before, but I was not able to find it, so...When analyzing a larger multi-family (50+ units), what percentage should be plugged in for a third party property management firm, as...

Hello Everyone,This web-site is GREAT and I have learned so much.  Now, here is my question.  I hear most people say don't quit your day job to invest in Real Estate until… And, I ask Why? Wait…. Let me clarify, I'm n...

This month I closed a subject to deal.  I know that a lot of people are hesitant to take over existing loans so I wanted to share this success story.  I will keep it short.  I purchased the home subject to for 0 money...

Hello BPers,I'm a former real estate agent. My current job is taking care of my kid and trying to make my house make me more $. My goal is financial independence for my family in 5 years. We live pretty simply, so we ...