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All Forum Posts by: John Reel

John Reel has started 6 posts and replied 10 times.

Post: Renting out a primary residence

John ReelPosted
  • Franklin, IN
  • Posts 11
  • Votes 1

Thank you, very helpful information.

Post: Renting out a primary residence

John ReelPosted
  • Franklin, IN
  • Posts 11
  • Votes 1

I have lived in my primary residence since 1997, but refinanced in June of 2015. I refinanced using a FHA loan. Does FHA allow you to rent out your primary residence or do I need to refinance using a conventional loan?

I am currently looking for a small multi-family property to "house hack", as my initial REI . Any advice concerning New Construction vs. Existing property would be greatly appreciated.

Post: Question to ask a potential mentor

John ReelPosted
  • Franklin, IN
  • Posts 11
  • Votes 1

I have an opportunity to sit down with a potential mentor.  Any suggestions concerning important questions to ask along with suggestions on how to offer him help so this relationship is a win/win.

Post: Tenant monthly rental payments

John ReelPosted
  • Franklin, IN
  • Posts 11
  • Votes 1

Thanks for all replies, very helpful information. I am very new in REI, and really appreciate any and all advice.

Post: Tenant monthly rental payments

John ReelPosted
  • Franklin, IN
  • Posts 11
  • Votes 1

What are the best ways to have tenants pay rent. Is it best to ask for a personal check or pay on-line.

Post: Converting a primary residence into a rental.

John ReelPosted
  • Franklin, IN
  • Posts 11
  • Votes 1

Thanks Dave, very helpful. 

Post: Converting a primary residence into a rental.

John ReelPosted
  • Franklin, IN
  • Posts 11
  • Votes 1

Thanks for the reply, very helpful.

Post: Converting a primary residence into a rental.

John ReelPosted
  • Franklin, IN
  • Posts 11
  • Votes 1

I am in the process of converting my primary residence into a rental property. I already have tenants in place. I need to know what the next step is as far as legal contracts/policies, steps to converting a primary residence into a rental (insurance/mortgage/property taxes).

Post: Networking opportunities Indianapolis, Indiana

John ReelPosted
  • Franklin, IN
  • Posts 11
  • Votes 1
I'm in the learning process of REI and am looking for networking opportunities on the south side of Indianapolis, Indiana.