Sometimes it's good to look at a new venture from the angle of the most common causes of failure.Let's get the non-action/motivation ones out of the way. Most people fail anything due to not starting, not studying  en...

Hi all,New to Bigger Pockets but started following real estate closely a long time ago. Currently in grad school but previously worked in hybrid social service/tenant management roles inside affordable housing develop...

I'm a first time home buyer (in NJ), and shortly after attorney's review I had buyer's remorse. I made a poor decision and rushed to put in an offer due to pressure from my agent. I met with a bank's mortgage speciali...

Simple 4 page executed contract provided for purchase money mortgage (pmm), seller financing $375k @ 4%, repayment monthly amortized 30 year, 15 yr balloon, no pre-payment penalty. Seller's P.O.A. is a non practicing ...

I'm trying to understand why so many people stay away from investing in Michigan?  There are homes everywhere for 30k.  I realize there is no appreciation, but the cash flow seems great.  $700-$900 a month in rent for...

I made a cash offer on a house that was listed as a short sale with settlement within 45 days. My agent told me that the seller's agent told him that the bank approved the offer. We then signed a contract for sale wit...

Hello BP,I want to see if anyone could point me in the right direction or offer insight on something I'm trying to help an old friend out with.  This situation isn't one I'm looking to profit a dollar from. But if the...

I am going to be putting in an offer on my first rental property next week.  I have run the numbers and I know that I will be offering about $4,000 less than asking.  How do I know if even this isn't too much?  Do I g...

Hello,
The seller has accepted my offer of $121,200 for a 3 bed/2 bath townhouse. I initially analyzed with the following information and the property yielded a ~$420/mo cash flow and a ~15.7% cash on cash return:
P...

Using a tiny house as an extra bedroom- no bathroom no kitchen- Good idea or bad idea?  It's the size of a shed, or average bedroom.  I'm renting these out as an affordable housing solution.  I've designed ones that a...