Last week I submitted an offer on a foreclosure listing. The bank bought back the house for $34,000 at sheriff's auction and listed it for $48,000. It's been on the market for 60 days. I made a cash offer for $35,000 ...

Hello BP Members!I feel like I've finally found a (metaphorical) home! But before I get into all that I'll start with a quick intro. ;)My name Sam Valme (pronounced "val"-"may", Haitian decent). I am a software engine...

I have always been using a 85% building and 15% land value for calculating my depreciation basis. Now my accountant is saying I have to use the tax basis and the county is assessing most properties in my county at 50%...

Hi,
I am a newbie here and looking to invest in Cleveland, OH. The videos from @James Wise were amazing in getting me excited about the prospects. I wanted to hear from investors in this area (if you don't mind shari...

I recently purchased a performing senior lien. While the audit was being performed by my servicing company they found that the loan was not escrowed for taxes and insurance at origination. They went on to inform me th...

While reading an article on The Motley Fool last weekend about Warren Buffett’s sage advice on investing in the stock market got me thinking. Like most investors, I’m always comparing “the market” to real estate inves...

Hi all,I've been doing a lot of research recently and am now starting to look at actual rentals and run some numbers. I'd like my first property to cash flow positive. I find estimates for property taxes by looking up...

I am thinking of getting into multi-family specially 4plex to start with. I wanted to go local but the price tag too high in Dallas, TX area. If I go within 4-5 hr drive I can find better deals. Although I will be giv...

All,
I'm considering an exciting opportunity to buy 3-acre lot adjacent to a K-8 school. This lot is unique because there are no other neighborhoods within walking distance, except for this one. The asking price is $...

Okay, so I was in my profile last night and came across the Blog button.  I was feeling a bit verbose at the time, so I decided to write a blog, my first in life.  I posted it, then decided to try to read it.  I went ...