Getting a good chunk of change back from IRS and I want to start investing by buying a property in the $80-$90k range ready to rent out but the wife thinks we should eliminate our debt first. Is it a good idea to get ...

Hi Everyone,Like many others who have joined here, I am tired of my 9-5 job and wish to someday be financially free. I had a vacation rental business but failed due to numerous issues with the property and renters. He...

I rarely start a thread, but today I had an experience that I just have to share.

A year ago, I thought I'd hit the jackpot. A single mom with two teenagers (15 &16) moved into one of my rentals. She had two ot...

Hi All. This is my first property where I got it appraised before selling. I'm usually good with determining ARV's but this is a historic home so I got a certified appraisal done before I place it back on the market.
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I have a potential lease option wholesale deal in the works. This would be my first deal. I have a question about the sales price that the seller is asking for. The seller wants $100K for the property, but the comps d...

Dear BPers,Our third project has been on the market for 70+ days and hasn't sold. DC is a pretty hot market so this is a bad sign. (...Don't want to get into a discussion of that deal on this post though.)As a result,...

So I have a rather tricky situation that I need to resolve at a rental condo.  I own one of the units out of a total of eight in the building.There is a copper drain pipe leak inside the common wall between my unit an...

Hi Everyone, Pardon what could be a wildly ignorant question, but I drove from Chicago to suburban Indiana last weekend to look at some duplexes, and I am doing the same this weekend--needless to say, I am incredibly ...

Hey guys,

I've read some of the BP success stories as well as stories outside of BP. Some of the stories state that they had no money, at all, when they bought their first property. My first thought is that this is ...

The last time I made a post I had just closed on my first house. I bought it to flip. The rehab took about 5 months. Once it was listed, it was under contract in 2 days with an over-asking price offer. Rehab Scope: - ...