I have read the majority of the books recommended on BP I have a lot of family that are in real estate that give me advice on what to do and not to. But my question is when is the time to buy something I understand th...
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Hi Everyone,I'm new to investing and need some guidance. Can anyone please help me? The president of my condo association has a 4 unit bldg. in the Los Angeles area that she selling. The total income is $5200 mo. a...
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The short answer............yes!Especially, if you're new! I wish you would just trust me on this, but I'll share a couple of errors I made.1) Operation shut down. Most contractors will tell you that you don't need ...
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I bought a new roof and new flooring in 2012 for my rental in Houston and have been depreciating it every year. This year I sold the home for $136k and want to make sure I capture the correct cost bases. I paid $75k f...
I'm eligible for a loan from Lending Club for $24k. Can I use this money as a down payment for a conventional product/hard money skin in the game? Or is there some rule that bans borrowing for a down payment?
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I have a great opportunity to purchase several (5 to 10) single family homes for long term rentals. The lease contracts would be with a large global business so it’s a very reliable/steady rent income. ($350k homes at...
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Hey all,I am currently in the middle of a contested divorce. We have a court appointed realtor to sell my rental property that is currently rented out on a month to month lease. The realtor asked to go through the pro...
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Hi BP,I recently acquired my first property, which is a house in Hawaii where I'm renting a portion of it to a tenant. As the tax season is coming up, I'm starting to think if it's worthwhile to hire a tax planner (mo...
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So my lender was lagging a lot and therefore me and the sellers agreed to postpone closing date twice (we signed anAddendum). Now the official close is set for next week. This is about 50 days after signing the init...
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I am brand new to real estate investing and I am hoping genuinely the BP community can help me out. I am in a somewhat unique situation and would love some references and guidance on the issues I have. I have a home t...