Investor stories from the trenches.

Hello all! I am just starting to build a plan to start a REI business for myself.

My plan is to have REI be my main source of income in 3 years.

I have be readi...

Alright experienced flippers that are kind enough to partner with newbies - how much information do you want from a potential newbie partner when they're pitching a lead on an off-market deal from a motivated sller, i...

Alright...that is all done and I can move on...phew..
So heres how the deal broke down.
I paid 162K for the property
Spent 33K on the rehab which took 8 weeks.
Closing, holding, and closing again cost a total of 16K.
...

I put a house under contract at the end of May.  It was a short sale so we specified a closing date within 60 days.  We also specified that the 8 day inspection period would begin after the bank approved the sale.  Af...

Would like some feedback from lenders for a tough situation here in California.Background: 1) Flipper borrowed $ from HML (1st position)2) We provided gap funding (2nd position), terms are to be paid upon sale3) Flipp...

I am a landlord in CA and have tenants who moved out July 1st.  Following the walkthrough the kitchen sink faucet was noticed to be leaking beyond repair (unreported). The next day, a plumber installed and had to acce...

Hi BP community!
I live in a condo located in Walnut Creek that I plan to rent out in the future. I purchased it for approximately $500k, and it is now valued at $635k. My mortgage interest rate is 3%. However, the ...

Hello! This is the first time I need to think about eviction (I haven't been a landlord for that long...) and definitely need some help. A woman has been renting my condo. She usually has to split payments but was abl...

I'm still a REI newby. I purchased my home last March and have since made a new years resolution to buy my first rental in 2008. I've read many of the forums on biggerpockets, have already read as many motivational ...

I made a thread awhile back when I posted my 7,000th post. In that thread I mentioned that I would provide an update when I reached my 10,000th post.Here is what I had to say when I hit 7,000 posts.___________________...