All Forum Posts by: Dakota Bonjour

rent per unit was 700. I ended up passing on it. They already had 4 other offers. Thank yall for the help

The place is very nice. I was thinking it just needed probably some touch up paint and didnt really see much more. The rental amount was all the unit added up for what they are renting now. I know I can get more than what's on there. Do you recommend something else on financing? I am still learning on the loans area. Please give me all the advice you got! 

Thanks,

Dakota

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Interesting!! I like that 600 credit score. I didnt think of it before. I posted the post online and was saying early February. Didnt realize I was going to get so many messages. If you dont mind sharing with me what does your application form look like?

I just put my other house up for rent and didn't think about the whole process before putting it up. How do I do background checks on the people looking to rent? 

How is Memphis, TN? I was look around there and everything looks like it's a good price.

Investment Info:

Single-family residence buy & hold investment in Big Rock.

Purchase price: $125,000
Cash invested: $33,000

3 bedroom 2 full bath

What made you interested in investing in this type of deal?

Good price. Appraised at 160000 up 35000

How did you find this deal and how did you negotiate it?

It was my fathers house.

How did you finance this deal?

Fixed 30 year

Awesome thanks Dennis