Business is going well already in February.  Purchased 3 more SFR's this week to rehab and put back on the market in March.  Deal 1: ARV $70,000  Needed Repairs: $10,000   Purchase Price: $38,000Deal 2: ARV $60,000  N...

FolksMy seller isn't acting in good faith on this SFM property in a NYC borough I'm trying to buy. There is a provision in the title where she can cancel contract if it's over $500 and it's about $5000 but I've agreed...

Hello BP, it's my first post so go easy on me. How do some of you estimate what a property will cash flow and what your expenses will be before you buy? Is there a formula or perhaps a "rule of thumb"? I'm currently a...

I have a question, I'm looking at a small park in a rural market (maybe 30 lots). There are about 15 vacant lots and 15 with mobile homes. Do you ever have to bring in the homes yourself for spec? Do you buy them a...

Entertaining the idea of building something unique and smart for the Austin, Texas area or other parts of the country. I’m in the research phase and want to see what people think and maybe make some connections for f...

Ive been reading a-lot about lending and how to get approved for the loan you want, I recently came across a section about how creating a LLC will turn residential lenders away from you. I was planning to create a LLC...

1) Standard late fee charge & daily fees
2) For section 8 when the Tennant pays very little of the total rent (but never actually pays) eviction time?? Or keep track and deduct from deposit

I am new to REI. I am looking for something turn key, but am also looking for off market deals. Is it safe to assume that an off market property that someone is actually willing to sell would more than likely NOT be s...

I’m a new agent, with just a few people in my sphere of influence that I have actual phone numbers or emails for so Facebook is my main source of contact. I was wondering if it was legal (or just looked tacky) to make...

I am a long term landlord and have substantial experience as a handyman.  I am fairly new to buying a beat up property, rehabbing it, and then keeping it for a long term rental.  I recently finished my first rehab, an...