I am purchasing an 8 unit residential building for $725,000. Instead of putting down 25% I am having the lender cross-collateralize for an equivalent amount on another property that I own free and clear.

The terms a...

How’s it going all 
  So this is the situation grew up in Ny my whole life.  Relocated to Delaware , didn’t work out sold my first property (broke even) now I’m back in NY (Staten Island ).   
 Pricing in the trista...

Hello BP,I've got a tenant harassment problem and I'd like to know how you would handle this situation.  We'll call them tenant A & tenant B.  Both A & B pay on time, every time.  Both take care of the propert...

So me and my partner are looking into getting into property management and I have a couple questions regarding the business. Some are simple, and some are state specific but any help is appreciated! Background: I'm a ...

After graduating from Purdue in 2012 I immediately started working full time as an Automation Engineer. When I was relocated from Ohio back to Indiana I was given a moving bonus. I used this moving moving bonus along ...

Hello all:

Have a couple of rentals (both upside down!!) and flipped a couple of properties over the past couple of years in the Detroit area. Private Money question. The deals in this area of the country are unbel...

Purchase price: $58k cash, Renovations and holding costs $10k.  Appraised $128K (lower than I expected, but market is tightening up).  Cash out $96K.Rented at $1200/ mo.  Only on the market for 1 week.    My Before pi...

Okay, so this post has probably been a longtime coming and is probably a little long. Over the last few years, I have made a number of very important (and profitable) connections through BP, and I’ve never actually t...

Hello everybody,

I am trying to figure out the tax implications, if any, for a client who is doing a 1031 exchange. I don't believe she should have any tax implications but would like a 2nd opinion.

Ori...

I wanted to ask you guys the best way to go about approaching to make an offer.I work in retail and every time this one customer comes in we always chat about real estate and other financial endeavors. Last time he ca...