All Forum Posts by: Account Closed

Can underwriter request for my credit card statement if I only use credit cards and my monthly statements shows direct deposit from my day job and payment to credit cards?

The best month is winter so your tenant would consider lease renewal before moving. 

Do you have a set property buying metrics you follow? I have narrowed by state, Kentucky, to 6 cities where it makes perfect sense to buy based on Historic Population Growth, Income Growth, Home Value Growth, and Crime Trends. Share the criteria you use when making a buying decision based on location.

@Brandon Castillo It takes a lot of patience and time to find anything that meet the 1% rule in Lexington, KY. I am also looking to buy in the area. Regardless of how much you pay or collect in rent, you will always be ahead of your peers that buy single families all in the name of privacy and comfort because someone is paying down your mortgage. I wish you good luck in your next deal.

@Joseph Rios I understand you are trying to help your tenant, but section 8 payment standard is based on family size. She probably won't get approved for more than 1 bedroom and HUD won't allow her to pay more than the payment standard. You are not allowed to have a side deal/agreement. I think you have two options: 1. Let here stay in your 2 bedroom and receive payment for a 1 bedroom apartment. or 2. Let her find somewhere else that matches her voucher.

Where do you get reliable Kentucky Housing Market Data like appreciation history, income to rent ratio, median home prices, etc.?

Thanksgiving Day is a perfect time to show your appreciation to the people around you. Would you consider showing gestures of gratitude to your tenants by sending them gifts as a way to improve the landlord-tenant relationship?
Does your tenant deserve your appreciation on Thanksgiving Day?

What parts/zip codes to avoid in Louisville, KY? I see a lot of cheap houses (5k to 20k) for sale posted by wholesalers and real estate agents everywhere. Especially in the Portland/ West end area.