An Excellent Landlording Guide

[Justin Smith]

If you are interested in becoming a landlord or if you are already a landlord, if you haven't seen this guide, you should check it out.  I found it to be very informative and helpful.

https://www.fanniemae.com/content/tool/landlord-guidance.pdf

[Justin Smith]

@Franklin Romine

I'm not a landlord yet, but I'm on my way. I made the decision to become a REI in August. Now, I'm in the process of buying a foreclosure which I am going to be living in. It is a HUD foreclosure that I won the bid on during owner occupant bidding, so I'm going to have to live in it for a year. But, in the meantime, I'm going to be looking for a fourplex.

So, what's holding me back is I haven't received the deed to this house yet, nor have I found a fourplex.  I'm thinking about using direct mail to find a motivated seller that will agree to some creative financing terms on one, provided the numbers allow for cash flow.

To further assist in locating properties, I have enrolled in South Carolina's real estate sales pre-licensing course, which begins next week.  To prepare for this course, I've been reading content on biggerpockets, listening to a lot of podcasts, and I also read one of the text books that the SCREC recommended.