Hi Everyone, I am an OOS first time investor and got a SMF built in 1920 (2 units, 1bd/1ba and 3bd/2ba) under contract at 20K below purchase price (@190K) with both units currently rented ($850 and $1200).  I have had...

This is one for the experts. What are you seeing????I have been playing in the Detroit market, have posted some my cash cows. Sure the returns are nice, as long as you have good tenants, and good property management i...

My husband and I are ready to invest, researched everything to death, but still need guidance from someone with experience who doesn’t want us to ‘join a program’ or ‘pay for a course.’  We are looking for alternative...

Hello BP Community - I would love to get your insight: I rented a 3BR/2BA home 5 blocks from my house with permission from the landlord to sub-lease to business travelers--very excited to start a rental business! I ha...

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I have recently decided to flip a couple homes a year, along with building my rental portfolio. At this point I am still doing 100% SFR's. After looking at all of ...

Everyone is complaining about cash flow, but the truth is everything cash flows.  It's a matter of how much you want to put down on the property.  Even if you are doing a value add deal you most likely want some initi...

noob here.....Can someone explain the 50% rule, 2.5% rule.....I can't seem to find a definition for it.

Thanks.

Jim

In the past when I purchased properties with existing tenants all they do is to sign a simple estoppel letter basically acknowledging the lease terms, the security deposits, advanced rents etc...My attorney has alread...

I'm new to the site and will explain the dilemma/opportunity that I am in. I want to see if anyone has even come near to the situation I'm in and if you have any advice. I was a person with semi decent credit and no m...

I currently have 1 rental property but looking for 2 more in 2014. I have a conventional mortgage on my current rental. I was urged by my RE lawyer to start an LLC for this property for protection. I live 2 hour...