I have just purchased a quadplex a week ago and a tenant is wanting to break her lease. She is in the biggest unit that rents for the most ($925). She wants to leave because her sister is no longer helping her with re...

I'm trying to get started with preforeclosure flipping in King County, Washington State. I read RCW 61.34 but as a non-lawyer found it confusing, tangled, and murky. In an effort to understand it better, I went throug...

Hey BP!Say you have a duplex that you paid $60k for.Rental income is $1000/month. ($500 upper / $500 lower), property taxes ~2500, insurance ~$600, no major expenses on my end, utilities all in tenants name.Basement h...

Since 2008 I have bought around 200 units - mostly 1-4 unit buildings. Since I started I wanted to buy apartment buildings, but I finally broke the ice with out of state apartment purchases. I have now purchased 108 u...

I'm breaking into the field of REO's, so could use some advice on this topic. Here are some of my questions:

I do not want to the funds to submit earnest money as per the realtor request. If I find a buyer, can I h...

Hello all.   So yes this is a macabre type of question but I thought I would ask.   We are considering purchasing a property on forclosure.  After some due diligence in researching the property and previous owner it w...

After going under contract with auction.com on a property we found out that the IRS has placed a lien on the home we are purchasing in Texas. Does anyone have any experience with IRS liens? What we're trying to det...

During the downturn my wife and I bought a few rental houses here in our neighborhood of Queen Creek (Phoenix).  This spring we decided to sell one of them using a 1031 exchange and purchase the some replacement prope...

Good day all! I have a question in the best way to go about purchasing a home with a partner. Quick Background:Bob - would be 2nd homeTom- would be his 1st home (willing to live in home as primary)What would be some r...

In many states wholesaling has come under legal scrutiny.  This is based on two different areas of attack; some states take the position that wholesaling is brokering without a real estate license; the other area of a...