I recently purchased my first rental property (Duplex) for $65,000. I had to put 25% down for a 30 year mortgage so I still owe just under $49,000. I do have an investment mortgage on this property because I do not li...

My spouse and I have identified a property (technically two properties) that will be our first investment properties and we'd love an experienced investor to look over the deal and let us know if we're looking at ever...

Hello BP community!
We have been getting several clients that want to use helocs as a down payment for their next purchase. In some situations I think it can work and in some other situations I think it can be risky....

Pre-approvals are important as a pre-approval letter

- Gives you a stronger offer

- Shows that you are serious and qualified for a mortgage to purchase the property of interest

- A pre-approval wi...

I need help! I am on a contract to purchase a 4b2b single family home which I am planing to do STR/LTR but I am not familiar to the area and I don’t know if it will work in the area. The property is in Kissimmee, my g...

Hello! We have a house that we are considering purchasing for about $250,000.  It needs about $40,000 worth of renovations, and has appraised for about $325,000 as is.  We'd like to do a conventional loan with 10% dow...

We were forced to get a debt collectors license in Maryland to collect on one 2nd lien non performing note we purchased last year, even though SCOTUS ruled a year ago if you own it you are not a debt collector. They a...

For rental properties I know you can depreciate things like a new roof, new washing machines etc...although different things have different schedules of depreciation. I have one item that I don't know if it's an it...

Hey, Bigger Pockets friends. I'm hoping to gain some insight from this great group of folks. I'm working a subject-to deal that includes a financed double wide that has not yet been reclassified as real property...

First post here at BiggerPockets!So, I'm working at getting over my fear of my first buy and hold deal.  I found a property on an auction site that appears to look good.  Town appears stable, rent is high compared to ...