I'm interested in buying a vacation rental in a New York neighborhood that's zoned for vacation rentals. I want to be 2-3 hours away from NYC. Any BP members own vacation rentals in New York? If so, which areas do you...

What do fellow investors think of selling investment property that is paid for 100 percent.Acting as bank.  30 years of payments.  What are costs associated with foreclosing process.What are other benefits and pitfalls

Today was President Trump's inauguration. The administration wasted no time and has halted one of Obama's last minute legislations to cute PMI rates. Correct me if I'm wrong, but I thought Trump is pro-real estate? Is...

I recently heard an investor very briefly talk about the strategy of creating a note on a free and clear property and selling that note. I have free and clear properties and wondered if I could originate a note and se...

Hey everyone, I was wondering what the typical CAP rate is for parks.  Seems to me that it is usually higher than lower but I wasn't sure.  Looking on Loopnet they are all over the board and I know if varies based on ...

The lenders that I have come across have all asked that my fico be at a 680 or above to start doing business with them. I was trying find out if anyone knew a Lindethat was willing to work with a 640 score 644

Hello,If you borrow from your 401K through an employer, is it typically 50% of the account balance that you can borrow or is it 50% of the employee's contributions?  In our case there are earnings and employer matchin...

Hi,

I am considering an offer on a 4 plex that is a short sale. Owner has 230,000 in debt. List price is 175,000. There is another offer already so I am to make my highest and best offer. Rent is 550/unit. It i...

Folks, I am ready to start working on my next deal. I have two realtors that have setup an automatic MLS search, I have been scouring the internet sites and I even started networking with some like minded investors in...

I am going to be putting in an offer on my first rental property next week.  I have run the numbers and I know that I will be offering about $4,000 less than asking.  How do I know if even this isn't too much?  Do I g...