Will E.
Who Owns Defaulted Mortgages?
I have been told by real estate brokers in different geographies of the Western US that the local banks control more than three years of supply of homes that are in default but that they refuse to foreclose on. The ...
Kevin C.
The "buy a rental every year strategy" - is it a good one?
Can anyone share thoughts or experiences on buying one rental every year strategy?
On paper it looks like I could essentially replace my income when I get to two dozen rentals cash flowing a few hundred dollars a mo...
Andrew Decher
Intro to biggerPockets & a brief summary of my future aspirations
Hello all, Thanks for stopping by my first post in the bigger pockets forum! My name is Andrew and I am located in Ocean County, New Jersey. I had gotten bit by the real estate bug about a year ago and have been res...
Joel Bowen
Understanding how depreciation counts as negative income?
Hi guys, the following quote is from this BP article: https://www.biggerpockets.com/renewsblog/2014/10/2...Could somebody please help me understand this concept by giving a real life/hypothetical situation that makes ...
Steven Aponte
Yellow and Purple Concrete, Fuming Red Landlord.
It's crazy I have to ask for advice on this, but here goes.
I own a 3 family in NYC. I live on the ground floor with my wife. I self-manage (Why? WHY?!?).
My second floor tenant is a nuisance. I will not renew her...
Chris Wolfe
Who knows of a company doing over 150+ Flip Deals/year?
Hey Everyone-Currently my company is doing about 80 house flips per year. These are real deals that we actually buy, rehab, and resale ourselves. We are trying to scale that to 200 in the next 12-24 months. I hear ...
MIke Hewitt
Investor Wrap loan from Investor Loan Source for Texas property
We recently purchased our first investment property with Sherman Bridge. Paid 165K and did 35K of rehab (inc. new AC and roof). ARV is 265K. Rental income would be approx 1850 per month. We are under the impression if...
Ted Akers
Short Sales - Encouraged by Treasury
The US Treasury Department on November 30th announced plans on how to streamline Short Sales. Most agree, although the administration continues to spin it as a success, that the Making Home Affordable program has been...
Robert Hidrogo
I want to make an offer but don't want to seem unreasonable
Hello BP family, I am looking to make an offer on the following property:Condominium 2 bedrooms2 bath1,204 sq ft patio with storage, near pool, wood floors, washer/dryer, fridge includedseller wants $1,850 per month a...
Robert Hastings
Cash out, rinse and repeat?
Assume we are speaking of rental properties. Assume the rental properties are free and clear. Assume the rental properties have tenants and they have rent paid since day one. I hear success stories about how people bu...