All Forum Posts by: Daniel Rasmussen

@Rudy Curtler

Hard to beat NNN lease properties. Lock in long term lease/cash flow while delegating cost of R&M, insurance, taxes and utilities. Good return and minimal liability!

@Mauricio Quintana

Hi Mauricio,

In terms of the part of your question related to when to show the property, I have found it works best to set a specific day/time of the week (i.e. 2-3 on Saturday) that you will be present on the property to show to whoever is willing to take a look.

This way you provide everyone an opportunity to see it and you aren’t wasting your time setting up dozens of showings for people that will probably never follow through with the application process. If a potential tenant is that interested, they will work around your scheduled showing times.

Thanks @Guifre Mora - thats very helpful. Those are all great points that I had not fully considered. 

Hi All,

I guess I will start by describing my situation. Last year I purchased my first single family rental property with a standard 20% down payment. The loan amount was below the lenders typical threshold, but they made an exception to help me out.

I have since found another property I would like to purchase, but it is unfortunately also below this threshold, which leads to my question:

Given where mortgage rates currently are, I was wondering if I would be able to get a loan that would allow me to refinance the previous property while also financing the purchase of the second? I figure this would lock in a better rate on the first, while also giving me a loan amount above the lender’s minimum threshold to purchase the second rental.

Does anyone have any experience with this sort of loan? From what I’ve researched, blanket loans are fairly common, but I don’t know if the fact that one of the properties being refinanced instead of purchased makes a difference. Any input would be greatly appreciated.

Thanks!

- Daniel

@Susan Wilhite So curious what LGBTQ home characteristics would be.