Hi everyone, I'm buying a 17unit in the Buffalo Niagara NY area with a friend. Rents average about $500 (25% under market value), fully rented as well. I will be managing it as he is out of state and I have 10 years e...

I felt like this would be a great topic for BP's Pros and Newbies to discuss.With $20,000 in cash and $20,000 in debt (Existing loan on a rental property @4.75%)Would you use the $20,000 to purchase another property o...

I have been searching around in previous discussions and have not found anything specific regarding my concern so I am posting this discussion on an admittedly common subject so people can hopefully share any experien...

So i have a SFR that i completely remodeled and have under contract for 65k. We are suppose to be closing next week and the FHA Appraisal just came in. The appraisal came in at 67k  so we are good on that but they ar...

I was having a conversation with a partner on some of his SFR properties in regard to depreciation strategy. He owns three SFR with a monthly cash flow of ~$2600. Two of the properties are paid off and one has a mortg...

Hello everyone,
This is my first post on BP, but I've been listening to the podcasts for several months now. I own a rental property in Washington State that cashflows only a few hundred each month, but has a large a...

I am researching a note I came across. AT first it seems like a pretty standard note. It is a Mobile home with the lot for sale for 45000. The Owner received $20,000 down and carried a note for $25000. The interest...

Hello BiggerPockets family!I just officially finished my first year as a real estate investor and I wanted to share a summary of what I did, what I experienced, and the lessons I learned. I hope this will be helpful f...

I received an inquiry from someone wanting to view a 1bed/1bath apartment with 452 sq.ft. It's very clearly labeled and described, plus the pictures make it clear that it's a small apartment. Here's the kicker: her an...

I'm currently trying to help my parents get out of their house. One had a heart attack, the other had cancer and they are ready to retire and downsize. They have a 3,900 sq ft, 4-sided brick house with a finished base...