Hello BP,If I take a HELOC on my personal residence, can the interest on this loan be tax deducted? The funds from the HELOC will be used to purchase additional investment properties.Thanks

Why would a company that has "no appetite" for investment drag potential customers through application and appraisal expenses while not intending to invest? Here is a story of a community bank in California (I'll post...

Hello,

I have owned a 1972 built, 40 unit apartment deal for little bit over a year now. It's a typical C property in a working class C+ area managed by local property management that deals in multi family. Our ave...

I am going to be purchasing 23 fully developed vacant lots in a subdivision of new construction duplexes. The development was 30 lots total (60 addresses)

I will be purchasing the lots from the bank via sho...

Does anyone use biweekly rent payment schedule for tenants?  We are inheriting some tenants that have historically had some difficulty paying.  They have been long-term tenants, and the prior landlord was apparently c...

Today is the 6th day of the month, and I have a renter that haven't paid yet. New tenant (Jan 2015). For the last few months the rent has been deposited into a bank account.I texted and emailed a notice last night, in...

Hello, my property mgmt evicted a tenant (hadnt paid rent in 6 months) on an SFM in memphis. now PM is adding evicted tenants utilities bills of over $1000 to my ledger. I have no idea why property mgmt is paying for ...

So I'm a wholesaler in the Springfield, MO area. I was driving for dollars and came across several FSBO's. One seller in particular (elderly lady, getting too old and was a landlord) has a property for sale that is in...

I constantly see investors buying up HOA liens at the foreclosure auction and wonder what is the reason? If they had no mortgage or a low balance on the mortgage, I would understand. Most times they are way under wate...

I'm having a difficult time getting 1st lienholder to provide details (payoff) to us as we are 2nd lienholder. They don't know but we're about to foreclose.  I know we are entitled to info but what should I provide &a...