I'm new to bigger pockets and I've done well buying rentals by luck back in 2011-2104 when the market was down. I own a rental in Gulfport FL and owe 130K with 30 year fixed 4.5% and its worth 200-250K. Current tenant...

Hello,      I am currently looking for advice on a reputable lender for a HELOC. I believe this is the most advantageous route for me to pull equity out of my home now. (I am open to hearing otherwise as well). I woul...

I am looking to get advice from any one that started in the rental business debt free. I am saving up to buy property with cash and no partners or investors. My questions are: Was there a benefit to going debt free?Ho...

So here is the situation everyone...My wife and I bought a condo back when the market was sky high at 439,000.  It went as low as 300,000.  It's now around 410,000 and we owe 415,000.  Our monthly mortgage is about 19...

Good Morning BP,As Tax Season approaches, and this being my first full year of real estate investing, I realize that the one task that I personally am absolutely am horrible at and hate doing is bookkeeping.  I have t...

Not sure what my options are. I was sold a property that I was told was on a particular sized lot. The Lawyer/Escrow company did not find out that part of that lot was considered a separate lot. So basically, there ar...

Hey everyone, I have a question about a duplex I'm looking at for a 1031 exchange. I have a house I'm flipping now, and will have about 55k into it, hopefully selling for 110-120k. I would really like to not pay taxes...

For those doing "Lonnie Deals," what are your thoughts on paying the lot rent for your buyers?

In other words, having an agreement with your buyers that says that they will pay you the total amount of your Note + L...

Hey BP,

Could someone give me a run down of how 1031 exchanges work? I understand that the benefit is you do not have to pay capital gains tax, but how does it work exactly? Any feedback would be great.
Thanks,
Tom

When considering your budget, is there any general rule of thumb for the percentage of money you spend to buy a property vs the percentage for renovations vs the excess left for cushion/emergencies? I will have a set...