All Forum Posts by: Lauren C.

Ashley-

I'm not familiar with that software, but i have used others like it.  The term mismatch is pretty unhelpful.  My suggestion though is to think bigger picture.  You are really just trying to make sure the applicant has good credit.  So work on verifying that the person who is applying to rent is attached to the credit report that you are looking at.  Ask the applicant for a divers license and their SS card.  Make sure the name and date of birth on the drivers license matches the name on the credit report.  A mismatch error could be indicating that the SSN is associated with a different name, date of birth or other identifying information.  The systems often make errors, but identity theives are usually very good talkers.  So definately take the time to verify the individual.

In a case like this, definately call several previous landlords.  Lookup the owner of the previous rentals yourself and find a phone number.  if you do get a landlord on the phone, it wouldn't hurt to ask if they had a similar error.

@Al-Qumar Atkins the advice so far has been really on point.  For me, I try to set realistic and attainable goals.  If I am going to an event for the first time, set a goal of talking to one new person.  Thats it.  Just one.  If I manage that, I mentally mark the event as a success.  Ignore everything else that happened that night, even if you walked into the glass door on the way out.  It doesnt matter.  You met you goal.  And that means you go back again next time.  

Stephen-

Great faqs!  Just a couple of suggestions.  For the question "what is your business model?", perhaps rephrase to: "Why are you trying to buy my house?"  people read faqs to get answers about how a product or service helps them.  The way you phrased it wouldn't be interesting to a seller, but it is interesting to you as the owner.

I would also suggest adding "I am behind on property taxes, would you still buy my house?"  I don't know the answer, but I am sure it comes up.

Good luck!

It is an interesting idea and one I have been considering myself.  It seems like an option in Aiken county.  Many other places prohibit the building of new parks.  

There does appear to be traffic impact and environmental impact assessments needed.  The application outlines the basic requirements at least.  https://www.aikencountysc.gov/...

The septic and well seem to be the biggest barriers to me. Both can be pricey to install. And I'm not sure the ROI would cover that initial investment.

I've never seen a business needing to pick a NAICS code.  Banks assign a NAICS code for compliance purposes.  Some banks allow a customer to have more than one NAICS code.  It all depends on how their systems work.  

More broadly though, you may wish to have two seperate entities. What you describe are two very different busiensses.  Creating seperate entities would insulate assets and liabilities between the business.

What does your lawyer say?

Likewise Jacob.  It's a great feel good approach, but mortgage and insurance still need to be paid.  That money has to come from somewhere.

How are landlords going to cope with pauses in evictions in certain real estate markets?  Reserves will come in handy over the next few months.  Any other ideas?

https://www.cnn.com/2020/03/16...

Trying to time the stock market is a total crap shoot.  It is really meant for long term investing. There can be major swings in a short period of time. I think the volatility in the market is here to stay for the foreseeable future. The bigger question to me is: are you willing to accept the fes and taxes associated with the withdrawal from your 401k?  Does the RE investment gains offset those fees?  If so, don't worry about trying to time the market.  Better people than you and I have tried and failed to do just that.

Hi Matthew!  I see that you have already been admitted to a few schools.  Have you considered applying at Embry-Riddle or another aeronautics oriented college?  They have business, finance and supply chain degrees tailored towards the airline industry (but applicable to real estate).  You could earn a pilots license through the school and a 4 year degree.  

@Robert Collins

I have seen a local inspector post on BP before.  Haven't worked with him though.  Try @jeff young from Premier Home Inspections.