All Forum Posts by: Joseph Rushing

I've never dealt with credit unions so i think i will check into those.  The 15 year isn't bad because of the smaller investments I'm currently dealing with but the bigger i go the more it will have an impact.  My biggest hurdle right now is finding an investor.  The people ive talked with so far aren't crazy about real estate like i am, most likely they have been heard all the bad and not the good.   

How are most off you able to get a 30 year mortgage for your investment properties? Once they find out that this is not a home i will be living in, that is off the table and my only options are 15-20 year ARM.

I want to increase the deposit amount and enforce rules on maintaining the property but i know i will have to be "gentle" with them because they've been allowed to get away with a lot of things that are outside the guidelines of their current lease with no consequences. 

I'm in the process of buying a duplex and a single family home in MS.  They're both already being rented and have been for almost 3 years.  I live in a pretty low income area so most rental amounts are around $500-$600 a month with $100 deposit.  Most renters in my area are on some form of government assistance so while they're not going to be the most ideal tenants,  Uncle Sam will essentially be paying most of the rent.  My question is how to keep these tenants who seem to be settled in but enforce a new standard of "Expectations"?  I have absolutely no plans on being a slumlord but understand the market in my area also.  There are plenty of slumlords here who let their properties waste away and that is not my intention at all.