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Updated over 8 years ago on . Most recent reply
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How I landed my first deal, and what I learned along the way!
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Everyone's approach to raising their credit score will be different. For me, I had failed to make payments on a few credit cards and student loans. I reconfigured my budget and made it a priority to bring my past due bills current.
As far as screening tenants, I set a standard for military and first responders to receive incentives by signing a lease. These individuals are held to a higher standard, and also have direct deposit available through the government. This assures the highest percentage of hassle free land lording, in my opinion.
For my particular area, (MS gulf coast) there really isn't a large amount of small multi family units for sale. Out of the few that were available, I chose the one with the highest rent potential, and still in a B+ type neighborhood. I stay away from anything B or lower. It's just not for me.