All Forum Posts by: Jane A.

I am a little bit puzzled. I have an application from unmarried couple. Girl's credit check returned good, but guy's is not and he works as an independent contractor. My intention is just to have only girl in the lease and do not have her partner. Would it be better for me ? Or just reject their application. I run an application through BP resource and it approved both but after careful reading I would not approve a guy (very low scores and does not pay child support and messed with his SSN)

Elana L. How did you do that?

Sell, get your cash, put downpayment for duplex or fourplex and enjoy a cashflow if raise a rent for current tenants / ask them if they are ready to pay more or move out

Michael Noto Thank you! Yes, working on it right now, could not find :( will all county office next and visit them. I was thinking if something could be available online or MLS of I will ask a realtor to represent me, or I could just call to biggest mortgage holders

BP experts are needed! I am interested in one property which is not occupied for about a year but not on the market yet. What is the best way to find a bank which holds the mortgage and what is the best way to communicate with this bank.

Holly Nole Implement online pm tool and all tenants Maitenence request will go there as well as invoices and all data By the way, what is the ratio for the whole year: all repairs and maintenance / gross rental income

Holly Nole You have 20 years mortgages - so your mortgage payments are relatively high, but will pay off quicker, it is great ! You are not break even - you are building an equity. And probably you bought your rental in good location so it was relatively expensive Do you have a fund for big repairs like AC, roof? What is your ratio - total monthly gross rent/purchase price

Erica M. As I understand the question - it is about how to invest outside Realestate after you have enough cash for emergency fund, it is not about parking emergency fund at the stock market, right? I am thinking about this as well and my choice is hight tech stocks or bio technology.

Pat L. I stayed a few days in Galveston two years ago and drove around to get an impression about Realestate. It looks like formerly good area (old beautiful houses) but a lot of houses were non occupied and looked extremely distressed. I had an impression that there is some life only at the first block from the beach and may be some other blocks with restaurants and churches. But if you will have an inside about business development or city investment into this area - it may be interesting. Two years ago I thought some people would pay you money to get rid of properties.

John Farmer Really I believe that too often people are too busy to invest their labor if they could make money easier. Everybody has favorite business model. You may have DIY business model. It is not common right now just because other business models in re are still performing well. For example buying distress property and rehabbing for flip or for hold works great for people who like to invest their own labor. A lot of landlords use DIY approach as well. Developers are building new houses already - it means there is a market and if you will save 50-200K by investing your labor it should work. I just googled pre manufactured houses and found that 2000+ sq ft cost below 100K . I talked to few developers recently and everybody says that permits take much longer than construction and cost A LOT. I guess - you may find hidden expenses there - permits and utilities.