A friend and I own 7 rental properties.  I've done 5 flips in the past on my own.  Last year we did a flip on a house through the partnership and I'm confused about the taxes.  Round numbers for sake of example:Purcha...

Hello there BP Family! Let me preface this forum post by saying that no one is an actual dummy when first starting out, but to grab your attention I had to use something good :) 
Cap rates, gross rent multipliers, ca...

How much cash should I try to have as an emergency fund per property I own.

Every time I hire a contractor I come out the other side with a few notes of what to make sure I discuss at the start the next time around. I'm getting ready to do a full replumb on a gutted house (kitchen, 2.5 bath, ...

Have anyone been picked for IRS audit upon sale of a rental property?How many years does IRS go back in terms of checking the reported expenses and income, and the accumulated gain/loss over the years?   If you read t...

Hello BP,This is my first offer on a multifamily property. The property was built in 1988. I rate the neighborhood a B- or B. Each unit is a 2 bed/2 bath. Current rents are $550 each unit. All units are occupied. My o...

I met with a seller the other day at his here in dfw. When referring to the foundation he said he had some work done and kept referring to installed "pecs" and cost per pec ($750).

My question is what is a "p...

Hey BP! Just walked through my very first property as s potential first deal! It is however, a bit different. I do like it because it was a single family home but it is laid out as a perfect multi-family. A kitchen, ...

So there's someone around my area selling a 9 unit completely remodeled and all rented out apartment building. He said he owned it for 3 years and bought it from the bank before that. He also claims, he's making $3000...

[b]I have spoke to a few real estate investors around the area who have stated they own buildings and properties with cap rates of 25-30% Plus. I find that hard to believe...is this possible ?