All Forum Posts by: Ben Braddock

sending you a PM for a local commercial banker.

Renovated Duplex in Historic Port Norfolk, Portsmouth VA

Perfect property for a house hack.  I lived here in one of the apartments and loved it.  

Fenced yard, off street parking, walk to neighborhood restaurants and small shops

Close to the water 

Call with interest 757-438-4085

or email [email protected]

Dont do it!

Prime example.  Propane is included in a lease for one of my rentals; tenant keeps her thermostat on 77 in the winter so I have to limit the number of tanks/refills she has in a 12 month period (in her lease).  Otherwise she would likely use more propane than she pays in rent.  

Our rental community (LLC with a physical location on site) is required by the city we are located in to have a business license. Every city I have done business in has required me to have a business license. This is especially triggered if you are opening a new business bank account or opening a physical location and have to deal with zoning approval or permitting. If you are a sole propriator working from home and are not a business you may not need a business license but you would be crazy to be flipping houses or owning many rental properties without being incorporated.

Steve is absolutely right.  I look at background checks and credit score but more than the credit score I am calling the previous land lord and asking for their experience with the tenant and whether they would rent to them again.   

the applicant signs a authorization for you to view their credit,criminal...you submit the info to the screening service they provide you with the info, you decide if you want to approve or decline the application. 

Contact the vendors directly to get all the details of the mechanics.

Growing real estate investment and construction company looking for hardworking intern that wants to learn 

Property Management

New Construction

Real Estate Investing

Location NC - Triangle Area (Raleigh)

Interested Parties email  [email protected]

When dealing with Condo's you have to remember you don't own the property by yourself. You will have expenses you don't control and you need to get permission form the association to do many things you take for granted with a SFR.

Some condo associations can and will also regulate whether you can even rent out a condo.  Many have required homeowner/renter ratios.  

When selling a condo and a buyer is using either FHA or VA the homeowner to renter ratios will determin if the lender will even make the loan.

There are a lot of issues that you could get into with a condo that you will not have with many Single Family Homes. I would suggest staring out with either a SFR or Duplex.

Good Luck

I use a service called AM rent to process our applications.

There is another good company I a have used called Onlinerentalexchange as well

Hope that helps

This could be the carmax of real estate.