Purchased a 1 bedroom condo for $180,000 in late 2008. Current CMA value is $130,000. Reserves: Reserve fund was $16,000 in 2008, but NO reserves remaining. There have been no reserve studies.Financials: The condo c...

I have access to a HELOC of about $100k. Do I pay all cash or put 20-30% down? What is the best way to use it? I will have the payment of the HELOC and the mortgage if its not paid in cash. Any areas I should be looki...

I'm updating a 1950s 2/1 900SF home in South Carolina. The electrician suggests upgrading to a 200 electrical service entry with through the roof mast and relocate existing circuits into a single EXTERIOR 40-space 200...

Just starting out in buying rental property, should I create a LLC because of taxes and liability? 

Just wanted a general consensus on what people think about this situation. I have a tenant who signed a 2 year lease. Paint was fine at move in. A couple of nail holes in the wall. My tenant calls me one day and has r...

Hello All,

I need all the input as possible. My strategy was to buy duplexes, triplexes, and or fourplexes, then hold them then rent them to tenants. I would buy properties in Miami and broward county. With decent ...

What is your opinion or experience by starting a tenant with a month-to-month lease instead of a full year term? I have concerns over a tenant prospect and I consider ending a lease and easier option than evicting. Le...

Hi BP! I've created a deal analysis spreadsheet so that I can easily do some quick and dirty number crunching when looking over deals. This spreadsheet analyzes rentals or flips. I was hoping to get some opinions on t...

Good day, BP members!My wife and I have started the process of reading everything in sight on BP, listening to forums, reading books, analyzing potential deals.. we're about 3-4 weeks into this process, so we're still...

This post is concerning Joe McCall and him not following through with what he says he will do when he sells his programs. He is creating special facebook groups, but students complain that he is never answering qu...