I put a REO SFR house under contract in Cape Coral earlier this week. Today I had a professional home inspector come do a thorough check. He found several areas where water has been seeping in the house for some ti...

I am in the market for long term buy and hold rental properties. I have the cash to acquire a couple of units but would rather use that cash as a down payment in an owner financing scenario. I do not believe that I am...

Another dilapidated property that my family owns in Memphis that they have stopped paying on. The back tax is around 5k. The house looks like this My family said if I pay back tax the house is mine. I would do most of...

Im in the process of buying my first property. A 4 bedroom house but there's an extra room we can use as a bedroom. As of right now me, my partner , and one other person is moving in but, I need to find a way to fill ...

For the single and multi SFR owners,

How do you handle your cash flow? Do you do per property, then overall? Do you use a program (ie quicken?), or stick to the simplest of simples and use excel?

Does anyone have ...

Hey guys, I decided to post some tips I have picked up from flipping full time in Kansas City, Missouri. If anyone else has great tips please share them also below.1. Finding great subcontractors. This is really tough...

I moved to Va 6 months ago, after two successful flips in Massachusetts.  On Jan 1st I set a 90 day goal to complete a transaction in Va.  Ideally, a BRRRR, but would flip if the deal made sense.  Credit is 750+, 5k c...

I have alluded in other threads on BP the past few weeks that we are saying Good Bye to long term tenants we inherited with a property bought two years ago.   We served them with a month ago with a notice of terminati...

Hello BP Community,I gave my house listing to a relative that is a rookie.  Long story. No, cant get rid of him. He is under an experienced broker though. And I must say I have been very detailed so far; however, I am...

Hello all,I am in the process of purchasing my first rental unit and my parents have agreed to help me with the down payment on it.  Doing some reading and it suggests creating a promissory note set up properly so I c...