All Forum Posts by: Amanda Vittitoe

Does anyone have experience in a single family rental home in an over 55? Does that restriction affect your investment in a negative way? Are there any drawbacks or benefits to buying in a community like this? I was always told it was not a good idea, but if the numbers work, what makes it bad?

Oh the credit report! Having analyzed hundreds of these and then also managing the tenants, credit score and history is truly an excellent indicator of whether a tenant will pay rent, on time and consistently. 

Are you simply pulling the report and looking at it or are you using a software that analyzes and scores based off certain criteria that you have input? If you use the latter, it becomes more black and white about what you are willing to look past and what is most important to you. For example, we don't ding anyone for student loan debt but we do for credit card debt. Approving someone can be an emotional decision so this takes the emotion out of it when you have these standard parameters you have agreed upon (with yourself or whoever else is involved managing).

We offer a discounted security for GREAT credit but for less than perfect with letters from prior landlords we will take 1.5 mos or whatever is allowed by the state. Also, anyone who has any history of being filed on by landlord we typically see that as a red flag. One, we will maybe take, but two? I wouldn't.

Good luck!

Hi All, I am a newbie to bigger pockets and one of my goals is to either begin or take part of a discussion at least 3 times per week, so here goes! 

About me: I work full time for a real estate developer and am also a seasoned general brokerage real estate agent in Hoboken, NJ. I have extensive knowledge in multifamily marketing, leasing and even construction (finish selection, materials, etc). In addition, I oversee large value add projects (marketing/leasing and some operational items) and also new construction MF rental buildings. I also am well versed in buying and seller as an agent and a home owner. With all those things, you think that real estate investing would be easy as pie for me! The thing is, I am having trouble taking the first steps. I have a lot to add and tons of knowledge, I am just looking for some feedback as to what are the first right steps to take and how to be confident that I am looking at the right projects and not thinking too big (whatever that means!).