All Forum Posts by: Precious Thompson

alright thank you @John Horner 

In 2015 , I plan on making this a better year by continuing to educate myself on the real estate business as well as take more action when it comes to networking and meeting people who are interested in the same things I am . I also plan to save toward a down payment for my first rental property.

Good luck everyone

Should a first time renter consider doing rent to own?

Yes I am currently in school now , but I hear people speak a lot about needing two year employment history in order to qualify for a home loan .I'm just hoping once I find stable employment I can get a loan to buy my first investment property preferable a duplex and my work history does hinder my chances. I will search around at different banks once the time comes. @Elizabeth Colegrove 

I watched a video with real estate investor Jay Morrison and he stated that the banks will qualify a college graduate for a mortgage based on the income they will make the coming year and a promisory note stating they will have empoyment , does anybody know if this is true?

Will the bank give a loan to someone to purchase a property who has been at their job less than a year but has good credit?

Why do homeowners take out second mortgages?

Can turning a rental property into a mental home for people with disabilities be profitable?

What is the maximum amount of properties one can finance through a bank before the investor  have to find a new method of acquiring cash from different sources?

When renting out rooms to tenants what are ways to keep the utility bills low such as the gas , water and electric so that it is still room to make positive cash flow?