I am a real estate professional. (not passive activity).. I file jointly with my husband who is a doctor and has high income (500k/yr). I have  3 LLC's for mostly flipping properties. I have  2 rentals  and 5 houses f...

I am going through reports from my property management company and noticing some discrepancies with pricing from receipts. For instance, receipt for an item shows the total was $19.48 but I seemed to have been charged...

If a buyer is having a hard time getting a loan for a townhouse that a friend wants to sell for $51k, because the bank requires the loan to be at least $50k after 15-20% down, would it be okay for his friend (the sel...

This is my first house I was trying to buy. I did the inspection and have the result. It is old (1956) house and it has more then expected problems. and I want a contractor help to estimate the cost of repair by looki...

I am the owner of a condo just now getting renovated from hurricane Matthew blowing the roof off in Daytona. It came out on the channel 9 news all over Orlando and Daytona. The HOA finally has there end almost complet...

Hi BP, I have  a two fold question. I have an opportunity to do a quick wholesale on a deal. I got a call on one of my letters from a seller and the problem is that the house has been vacant for many years. Also, the ...

I have been driving past an old vacant retirement home for the past few months and it is finally up for auction, time to possibly make a move.  Here is my thinking, please share your experience to help me navigate thi...

I'm closing on my 1st duplex next week (5/15/17). The current tenant has not paid rent in 2 months due to inoperable heating thermostat, non working oven and broken glass door. The tenant called code enforcement now t...

Gentelmans, whould like to get an advise - house was built on 1955, at the past few years there some major structural work done.The main bulge/crack has been secured along the long wall at the back of the house. Are i...

Investment Info:

Single-family residence fix & flip investment in New Smyrna Beach.

Purchase price: $54,000

Cash invested: $27,000

Sale price: $115,000

On this project, we evicted current ten...