All Forum Posts by: John Williams

Hey everyone, 

I am learning to get into RE investment field, my plan is taking out equity of first primary house to buy another one for rent (single or multi family). My primary house estimate value is around $450k, I still owe $60k for mortgage, and I have $45k in high yields saving now. 

For the last few days I have done some research for fixer uppers projects BRRRR, my lender recommended go for HELOC because we try to keep expenses downs and easy to access the funds. And or course, short term loan for HELOC and then refinance later. But I have read many topics on here, many investors facing difficulties with BRRRR now as the market is "not right" which make me have to think again about this strategy. (70% rule still working for this market?)

My second option is no Fixer-uppers and just buy good condition house for rental investment. But by this way, I do not know if the equity can increase more than BRRRR strategy when refinance or NOT since there is no rehab involved.

With HELOC, I think they allow me to take out 70-80% of equity which will be $250k-$300k. What should be my next move? I am ready for any advice and tips from everyone.
Thank you

An

Hey all - i live in Nashville, TN and am ready to buy my first rental property. Looking at both short and medium term options and I wanted to see if anyone would be willing to provide any insight on one vs the other. We're limited with NOO STR's, so if I go that route it'll likely have to be a condo. Medium term opens up my property options. Any comments are appreciated!

Thanks!

Cam 

Good morning fellow real estate investors! I am looking for a system where people who would like to buy a property from me, can easily fill out their buying criteria. Does anyone have information on how I can accomplish this goal? 

Hello everyone I’m new to the site. Currently building my portfolio as an investor, I look forward to connecting with and learning from you all excited to be here. 

Hi guys, I'm new here and to real estate I'm originally from Asheville, NC but the Army moved me to Clarksville, TN I'm looking forward to getting my first rental property and keep learning and expanding my portfolio so I can set myself up in a better position for the future so I can spend more time with family and friends and not be forced to have a W2 job for 50+ hours a week. I'm open to everyone's advice and opinions on real estate investing since I do not have that much knowledge yet. I have cut out all music and have been listening to the podcast and audiobooks for the past week while I drive for work trying to gain as much information as I can.   

Hello all! I am new to the game with only one previous tenant under my belt. Looking for recommendations on verifying tenants employment and current/previous landlords. I currently have my property listed on Zillow and have had a ton of scam applications. I look up as much information as I can through search engines but in todays world, a lot of people have more unique jobs and I do not want to call only the numbers the applicant has provided. Just looking to avoid trouble down the road! Any and all help is appreciated!

Hi All

I am a STR expert but new in the long term rental game. My previous LTR were professionally managed and Im trying to do it myself this time.

Questions: 

What kind of application do you have them fill out?

What tenant screening tools do you use? Currently using SmartMove and Im not impressed but dont have anything to compare it to.

What are your requirements?

What documentation do you ask for as proof they can pay?

*I had someone apply for my rental but there were two fraud alerts that popped up on one adult, 2 collections and 4 late payments on the other though the credit score is 725. They also are quick to want to move in which makes it seem like they are jumping from place to place. Something seems off. They both work for themselves so I suspect that the income proof might be untraceable.