Hello BP!!I'm searching for my first property, and considering FHA loan and 203k. Few days ago I came across bank owned house with price tag of $300k. After research and two visits to house (in Sayville, NY) there is ...

I am currently under contract to purchase a 4 plex.  The previous owner bought the 4 plex for his child to live in while the child was at college.  All 4 units are currently rented out.  Two of the units are month to ...

Hi, one of my potential tenant was asking if she can use her tax id instead of SSN. Can I use a tax ID to run background check? She said her roommate is going to have SSN but is also fairly new. What does fellow landl...

Good afternoon,Started to help some friends out in their PM/Owners company in their effort to get a few newly acquired distressed properties into shape.  In the last 2.5 months, we have been working tirelessly to make...

I got duped into sending $10K in the form of a wire transfer to a person who was acting like an individual from the title company. This is my first rental property purchase, and I was deceived into thinking I had to w...

My last post about military rentals focused on the 1% of Americans who always have a job, not matter what the market conditions were. This topic talks about BAH and how it factors into rental decisions made my militar...

Hi everyone,

I recently purchased a home in upstate New York with cash that i got from a private investor. In order to pay that investor back i was looking to take out a mortgage against the house that i already own...

Does anyone out there know the cost and process of sub-meter water in Ohio? Do you have a company that you have worked with and would recommend?I'm asking because there is a triple that I'm considering purchasing. Cur...

Hello everyone. I want to get pre approved for my first FHA loan to acquire my first property, preferably a multi family home. I was planning on going through my bank but a real estate agent told me it was easier and ...

I need accounting advice. I apologize in advance for the wordy post, but would appreciate if anyone has good ideas.
I recently started using Rentec Direct (property management software). It tracks income and expenses...