I know this is probably a terribly stupid question, but I was not pleased when I saw that escrow on a $96.5k loan was nearly the principle; like $3xx and change! Thats crazy!
So what exactly is escrow, and why do I ha...

Hi BP Experts,We had a roof leak that basically destroyed most of the inside of a house we own.  Our contractor said repairs will cost $24k but the insurance company is only paying out $6k towards repairs.  How do we ...

It is my understanding that in calculating effective income for an FHA loan, non-taxable income (like child support for instance) may be grossed up at the greater of 15% or the borrower's tax rate for the previous yea...

Finding motivated home sellers without a realtor can be challenging, but two effective strategies you can use today are Facebook paid advertising and door-to-door sticky-note delivery. Here’s how you can make these me...

I am 16 years old and I would like to start renting out a house by the time I’m 20. I’ve listened to many bigger pockets podcasts, and I’ve received many opinions from my father but I’m am still confused. I want to ge...

Hi. When Lonnie Scruggs talks to MHP managers he often claims heis trying to help a young couple buy a home; I'm not comfortable with that. Eventually, the odds are that the manager will find out that you lied and wha...

Hello BiggerPockets fam, it’s me, again. Back with another prospective deal. Are you ready for the details? Okay, this one is in my own backyard of Winchester, VA. My realtor sent me a home in possible pre-foreclosure...

I bought a 5Plex from a realtor/property manager (same person). The two basement units were just sheet rocked and needed to be remodeled, making the building a fantastic value add deal as they would be delivered vacan...

Hello,My current tenants are leaving at the end of the month and have put the property on the rental market. I don't want to disturb the current tenants with just curious viewers, so I have informed everyone intereste...

I'm not necessarily a new member, and I've debated back and forth on doing this for the last month, but I think this post could help others get started.  A little background about myself, I live in a small town in nor...