Hey BP,I am sole managing member of my LLC, which currently owns a property that was financed by a private lender (friend of family). I need to sell this property for less than what I owe, so it would be a short sale....

Okay, so I found a property listed as "Bank Owned".  Trulia says it's listed by the bank, but Auction.com is auctioning it.  I'm trying to determine what might be left to pay after the auction.  It doesn't specify whi...

There are a lot of questions about whether or not MFM is a scam. The definition of a scam is a deceptive scheme, act, or operation. From this definition and my experience with the Multifamily Mindset and their employe...

Obviously a wise person would put away 6 months to 1 year of operating expenses for any property. Assuming that one did this, when following the 50% rule, is the property then labeled "self-sufficient?"

If this is t...

Hi All, 
I'm an out of state investor looking to start a rental portfolio in the Cleveland area for small multi families (2-8 units). My plan is to mainly focus on cash flowing properties that make the 2% rule. What ...

Does anyone actually go and visit prospective tenants at their current resident to see what kind of shape it is in and how well its taken care of? I started doing this if im not 100% sure about them. Some of them don'...

Hi all,I'm relatively new to REI and extremely new to business entities.  I took the advice of so many others and sat down with a tax advisor and attorney.  I'd like to put the protections in place now to shield curre...

The purpose of this post is to share my ongoing experience with dealing with fleas in a condo I am househacking. There are two things I am looking for from this thread. 1. A documentation of my experiences so that oth...

Hypothetical question to all the experts out there.What would be your strategy and road map if you were in this situation with all the expertise and wisdom you have today.
You are in Midwest, make close to 6 figure ...

Currently reading Why the rich are getting richer by Kiyosaki and for the record enjoying it just as much as his other books that I have done.In Chapter 14 he gives the example of Mary a 40yr old W2 earner of 100K pay...