All Forum Posts by: Ivan Chavez

 Ivan, 

My wife is a research master lol. I'm going to ask her if she can do a pros and cons for 3-4 different sites. I'll definitely let you know what we think is the best choice for us. FYI..A buddy of mine has mentioned to me that apartments.com gave his tenant some payment issues. Specifically, being able to connect to smaller banks or credit unions. So he's had to make other arrangements for payment and couldn't use the site for rent payments.

Nathan G -

Thanks, Nathan. I plan to weigh pros and cons once I find a few sites that are reputable. 

You're limited to 10 conventional.

As for the private/non-qm/commercial, there's no limit and you don't need to do your entire portfolio. If you currently own properties under conventional, it's more than likely on your credit. Refinancing them with a private/non-qm lender will take them off your credit and free up space for conventional and also lower your DTI.

You'll be fine keeping the 10 conventional as conventional. The commercial lender can dictate what financing you have for your other properties.

You can usually do 10 personal investment mortgages. 

@Ivan Chavez if you really want to go above and beyond: clean out gutters, inspect all appliances (or at least those you provide) ice and vinegar in the disposal, check stove elements and use oven cleaner, run vinegar or bleach through the washer, vinegar or bleach in the dishwasher, clean the dishwasher strainer, check light bulbs in vent hood and change charcoal filter, electrical system check-make sure gfci work with a tester (not the button), check all bulbs, fans, and outlets, plumbing check for leaking toilets, dripping p traps under the sinks, you can also check resistance on electrical water heater elements to make sure they aren't busted. Pick up trash, clean ac condenser coils, check all cabinet pulls for tightness, lubricate door hinges and make sure security devices work properly.

A lot of tenants will just 'forget' to do anything. If you want to make sure they're done, do them yourself.....I like the 'bonding' concept as well.... this visit will also give you a chance to check for small leaks under sinks, any damage caused by tenant, go up and check out the roof penetrations, check around the siding for a good seal at openings, Etc, Etc....

Go online and find a home inspector checklist, that will give you a rough guideline of things to look for....