We were about to get a closing date for a deal on a side by side rental in southeast Michigan, when we found out that the owner was in the eviction process with one of the tenants. They havent paid since November, and...

small home in inner city has been vacant for some time. vandals ripped the wires our of the walls and the panel box out of the basement. there is not one sink or toilet in the property. the house is not a shell....

I have a question. My goal is to have 15 rent homes within the next 5 years. my first step was to get my own primary home and I did 3 weeks ago. Now I want to work on buying a home to rent out. I asked a lender and...

Hi BP members! Think for a second about what you would need to retire on your RE portfolio.  For me, it was a comfortable house that I own outright, plus around 30k net annually after expenses and with management and ...

Is once I have the property being able to sell it. Im talking about doing rehabs.
I mean I justt told my partner that we have to figure in carrying costs. But I was just talking to a mortgage broker who said an inves...

Quick question. I offered 45K CASH on a property, and it ended up closing for 30K w/o me even receiving a highest and best...

Does this sound fishy to anyone else? Or is this simply a case of ge...

I just finished my 2013 numbers and am once again amazed at the validity of the 50% rule. Here are my numbers for the past several years. The number of units is the average units held throughout the year. To be cle...

Hi!  I haven't been on BP for very long.  We own five rental units in our area (four apartments and a house), so we're still small potatoes.  I really have big dreams of owning a lot more, but I don't know at this poi...

I read an outdated book that had a rule of thumb for estimated $/Sq ft for renovation costs. Does this idea seem legit? How do you estimate when you can't get into the property before you make a bid?

Hello BP peeps!I have a dilemma. I found a duplex in Los Angeles California that has an unpermitted studio. I noticed that the seller and agent has put the studio's income as part of the NOI. I am wondering if this is...