I was listening to the Money Podcast, Finance-Friday edition earlier this week. @ScottTrench mentioned having adequate amounts in reserve for a rental property. I close on my first property on Wednesday the 17th. The ...

I own 1 multifamily property that I purchased/financed on my own.  I'm currently in the process of saving up to purchase another similar property (which has been a slow process so far).  I've thought about getting tha...

I just finished reading the Wholesaling Guide on BP for a second time, just to brush up on my Wholesaling knowledge. Now i'm back here, and seeking a final answer to the big question I know many other Noobies have abo...

I have a tenant who has paid insufficient rental payments for a few months in a row (rather than the $1,900 rental payment due, he pays $1,800). The remaining and late $100 is paid very late in the month. For the...

Short story is that I've been taking care of various family members for quite a few years and have no income or credit. And even though neither of my parents is in any position to take care of their rental property (p...

I received a CP2000 notice from IRS and send to my accountant who prepared taxes.  The inquiry was resolved with a simple letter to IRS explaining where income (rents) were accountant for in LLC return.  The issue was...

Hi everyone have read some blog posts but wondering if anyone has came across this subdivision scenario.I have a SFH that is valued around 325k. I have over 50% equity in the home currently. I am in process of subdivi...

Good Day to All,My name is Tate and I currently reside in Corpus Christi, TX. This is my second time posting on BP. My wife and I are getting ready to purchase a duplex. Side A is 3/2.5 and side B is 2/2. There is a c...

Hello!I am looking for a Multi Family property, preferably a triplex or fourplex, as a first investment property.I just moved to the Miami area. My overall plan/goal is to find a fourplex/triplex that needs a little w...

Hello BP experts,

I hope you had great holidays.

I am facing the following situation:

I need to put 25% for my next investment. I have some savings in my bank. However, the rest of the down paymen...