Okay, I'll try and make this as concise and equally informative as possible. I have learned not to trust the Pro-Forma numbers from most brokers, and for good reason. I will layout what their numbers were and then wha...

Hello BP'ers!Today I sell my depreciating asset (my car) to free up some funds and hopefully acquire a new income producing asset. So naturally, last night I was searching for homes to BRRRR. I stumbled onto one in an...

I want to know if anybody bought a house on hubzu

Hello,I've read alot the dos/don'ts of transferring property to an LLC.  Most reasons center around liability.  I've been running a property management business for nearly 20 years.  All monies flow through the busine...

This seems like a simple issue. I am wanting to know who is responsible to turn power on in a house that is bank owned in order to verify that all sytems are working properly prior to closing a deal. Please give me so...

Has anyone ever purchased a property just to tear it down to build a new construction? What’s your thoughts on this?

I have a mobile home that I'm renovating. Due to a large industrial project in the area, there is a need for short term housing for construction workers. I'm trying to decide whether I want to do a month to month furn...

Just 2 weeks before the tenant was supposed to move in as a roommate to another tenant, they advised that they had changed their mind.  I've offered the option of 3 months rent as opposed to the full 12 months as woul...

Hey, my strategy is long term buy and hold of small multi family(2-4) units using BRRRR. However, I am running into major issues on the refinance piece due to lack of comps. On a previous BRRRR, I came out under water...

Good Afternoon Everyone, Although everyone says carpet is bad in rental properties, should climate make a difference in that decision? I am going to be buying in Illinois and it snows a decent amount and was wondering...