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Updated about 5 years ago,

User Stats

9
Posts
5
Votes
Hnin Thiri
  • New York City, NY
5
Votes |
9
Posts

newbie first rental property

Hnin Thiri
  • New York City, NY
Posted

Hi BP friends.I am new here.I learn real estate about 1 year long.I just sit on my anxiety rocking chair.After reading a few roofstock case studies from BP,finally I made my first decision.Thanks 🙏 to whoever share their experiences.I make 4 offers on roofstock start from last month. 1 is rejected.2 is asked for counter offer.1 is open.

Before i make offers,I research on zillow ,realtor etc. I used BP rental property calculator as well.

I should ask directly to roofstock advisor but I want more options and ideas.please help me to answer below.

1) preapproval letter (25 to 35%down ,~ 70k finance)

2) Can you approve or disapprove the tenants that PM find for you?

3)Will you make counter offer if it will go below 1%rule for property with 4+ neighbours , 5+ schools and 3% appreciation?

4)Can request PM for pest control and garge ?

5) roofstock is for rental property market place but What does owner occupied property mean on roofstock?

that questions came to my mind so far

much appreciated

Hnin

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