All Forum Posts by: Abram Edawrd Inman

Thank you all for your input this is very helpful!! I have opted to do an open house and I am already getting more interest since I have started replying with that option.

So I bought this house back in January, and I fixed it up over the summer. it is a 3 bed 2.5 bath built in 2006. When I listed it I adjusted the rent to be a little higher than the comparables in my area, because it was one of the nicer ones in the area but I can't seem to get a renter. over the last 26 days, I have had 46 inquiries and 14 applications, of those 14 applications about 5 of them passed the background check and credit history check. some of them I could not get ahold of their employer or landlord which was a red flag for me. 

Because I am a full-time college student and I work part-time I ask that the interested parties submit a rental application before I show the house, but many of them refuse to give a rental application unless they can see the house first.

The criteria for what I look for in a rental application are as follows:

Credit report: I look to see if they have had at least 90% or higher on-time payments

Background check: I look to see if they have ever been evicted

Job and rental references: I look for a steady income and make sure they can afford it with what they make I also call their current landlord to make sure they have been a good tenant and confirm the information the tenant gave me.

I currently have it listed at $1650/month with a 12-month lease. Im still getting inquiries but they are coming in slower I generally get about 1-2 a day now. 

I will post the link to the property below so you can take a look at it and tell me what you think. I need some help and suggestions are welcome. I am a first-time landlord and learning as I go.

https://www.zillow.com/homedetails/5100-Hardy-Ct-Kansas-City...

I would just like to see if anyone can shed some light on this matter. 

say I were to buy a house before the end of the year, today's date is 12/13/17, what kind of impact would I be looking at tax wise? would it be pos or neg? I'm asking because I have one that I'm waiting for a response on, and this is something I thought of last minute...  

thx :0)

will do! thanks.

At this point, I'm just looking for one that can help advise me on what I should do before I start investing in real estate, so I can go into it with a better financial understanding.

I'm looking for a good CPA that has a fair amount of experience with real estate investors, preferably in Northeast Oklahoma. anybody have suggestions? 

I will be attending with Amanda Elgendy BP member, and we can't wait to meet you all!