Okay, the scenario is a little complicated. I'll do my best to make it concise. I wholesaled a rental property a little over a year ago. The seller offered the property for what he owed on it, with the buyer making hi...
Hi All,I have a rental property that I sold in 2018. I lived in the property for approximately 2 years, rented it approximately 1. My question is related to my adjusted basis on the home as this directly affects my re...
Hi everyone,I am looking at a house that shows structural problems. The question is - are these problems very serious and I should stay away from this property, or are they not as bad as they seem? Background: This is...
Hello, I am new to the real estate investing and view the current market as the prime time to take my plunge. My problem is I don't know the entire process from start to finish and fear of the unknown is slowing me (...
So I am wondering what are the steps in being prepared for capital expenditures with your first property? Is having in between 6 and 8 thousand saved along with a certain percentage saved from rent each month a suffic...
I'm looking at a bank owned, 2br Cape Cod for a flip. It's about 60 years old, in very good condition.....except that it looks like the set from "That 70's Show"...orange counter tops, dark cabinets, green carpet, et...
Hello all,So I am in a bit of a pickle and curious to see if any other landlords have experienced a similar issue and what sort of course of action they would recommend. I own a SFR out of state with a business partn...
Hi everyone,My name is Nick. I'm new to this website but can see that the networking and information on this site can be very beneficial to all. I'm a 25 year old male from Rochester, Minnesota that is going to get in...
All you newbies - I'm a little further along than a newbie...But I'm learning the hard way...I crashed on my first rental, and my first rehab. I was way overly optimistic about EVERYTHING.
BUT - hey you have all the ...
Greetings BP Family,I recently ran across a young lady who inherited 5 properties here in Memphis, TN and about 4 acres of land in a rural part of Mississippi. 3 of the properties are in the South Memphis area (38106)...