All Forum Posts by: Drayke Jacobs-Van-Tol

Scenario: you have an applicant that is moving across the country and puts in an application to rent your house and you require 3x rent which is 85k a year. The applicant has a partner who brings in 45k and the applicant is also an RE investor whose investments bring in 20k a year cash flow after expenses, 65k total so far, 780 credit score, but doesn't have a job lined up. They say that companies won't give them an offer letter until they have an Austin address. He has a CDL class A.

20k short of the 3x rule but even a minimum wage job would put them over the edge and tax returns show that the applicant has made a little over 100k for the last two years running.

Would you still rent to this applicant?

I have a 4 unit multi family in Wilkes Barre located in a B- minus neighborhood. I recently renovated the 2 upstairs 2 bed 1 bathroom units. My property manager has had about 20 applicants but they have all had evictions on their records. I am not doing the screening and I am only told that the reasons she won't let anyone is just because of the eviction records which I understand. The apartment has been on the market for 2 months and I would think it's under market value and we are not getting any good leads. It's listed on the MLS but no agent has contacted my property manager to show it.

It's a 2 bed 1 bath located on the second floor. Rent is $950 and includes heat. It's unfurnished but has basic appliances. Washer/dryer, dishwasher, stove, and refrigerator. 

Any recommendations on how to find good tenants would be appreciated.

Hey guys, I am a rookie investor and I would like to meet other real estate investors in Texas. I am going to be exploring San Antonio, Austin, and Houston around February 18th, and would like to know if there are any meet ups going on around those areas. I currently own a 4-plex and would like to house hack with a family of five. 

Hey everyone,

I've been thinking of getting my real estate license in Pennsylvania but I have possession with intent to distribute marijuana felony charges on my back ground from 2014. Would I be able to get my license or should I pursue a different path for my real estate journey? Sales and networking are some of my strong suits and I think being an agent would be the best use of my skills.