I have a tenant that is on a payment plan.  The PM has told me a few time they have paid and are on track.  I find out today that they are more than 2 months behind now.  I know I need to fire the PM, but I'm not sure...

So I'm looking into buying this rental property that just came on the market by a University. It is a 3 BR 3 BATH apartment Unit and the market is hot for these here and they sell quickly so I did my analysis, include...

Hello BP, I’ve got a new guy question that I just want to check my mindset on.Obviously the name of the game in buy and hold is cash flow. So, when I’m evaluating deals, especially my first few, how much emphasis do y...

I have never used birddogs before, but I know a lot of investors have. Other than Cragis list or your local investors group, how can you find a good birddog? How much do you pay? Some say they pay a flat amount and s...

 Quick question about seller financing.  Let’s say the property is free and clear nothing owed, owner decides to seller finance, at some point the buyer stops paying for property.  Would this property go into foreclos...

For those licensed agents out there....when you buy a property for yourself, either personal residence or investment property, you typically receive the buyers agent commission.Is this considered taxable income? Or is...

As a Chicago landlord, I've noticed many local apartment listings that ask for a non-refundable move-in fee instead of a security deposit. I suspect this is partially due to Chicago's strict laws regarding security...

Well I walked out of the title company today with my first check wholesaling. Here is the deal and I must say it was a learning experience from start to finish.

I was marketing to people who had not paid taxes and ha...

My husband and I recently bought our first house to rent, it was a big step taken after much research and thanks in part to what I have learned from BP!I've been marketing it for several weeks (posting a few times a d...

Can I pay a contractor with cash, but still write it off as a business expenses. If so, what is the best method for doing this? Should I be creating invoices and receipts to document and show proof of money's going out?