Hi guys, I'm an out of state investor and have one property in Detroit. Currently have a tenant that use to be section 8 as of 3 months ago so there aren't any rents coming in. Anyways for whatever reason I haven't be...

Hello All, been a member of BP for quite some time now, but rarely participate.  However, need some folks to chime in on this one.  Have a renter, attempted eviction last year (6 months arrears), court ordered tax che...

Hello BP NJ - Wife and I are looking to purchase home in NJ (we currently rent in NJ). Our preferred area is Morristown but we're open to Northern NJ. We are planning on staying in this home for about 5 years. To maxi...

Had a young couple move-in to one of our apartments. She bailed after 3 months. Luckily, he was able to find a roommate. ( he went through our application process etc. and was passed all criteria)I use a lease that st...

I recently had an investor tell me that i should deplete my 401k in order to purchase a property free and clear. He said that if i was to make that move i would need to be sure that realestate is what i want to use t...

Hello BP experts.  We are negotiating an offer for a property (a duplex) and will be using a nonrecourse loan for the financing.  Does anyone know what the IRS requirements or guidelines are for required reserves when...

I recently purchased a 2 unit MFR in NJ.  My first MF purchase; and hopefully, not my last.  My family lives in 1 unit, and I have rented out Unit 2 to a family that gets SSDI, plus rental assistance from an agency ca...

I just bought 2 flat , and the house have full finish basement and attic. It was fully occupied but when I purchased only one unit make a desertion to stay last min . My problem start here , they occupied the attic an...

Hello all, 
Looking currently at an off market deal that seems to be priced right for the area its in.  The only catch is that the current owner is running the triplex with 3 separate section 8 tenants.  I believe th...

I'm contemplating renting out an investment property(non-primary residence) on a room-by-room basis with separate longer-term leases for each bedroom. I'm curious if the income from these rentals, listed on Schedule E...