All Forum Posts by: Rocio Lara

I sure will! Thanks!

Thanks for your advice. Can we run a background check on occupants over age 18 as well?

I have a potential tenant who is a single mother but has a boyfriend (who came with her to see my property). She claims it'll just be her on the lease and that she lives alone but I'm afraid he will move in at a later time and try to get away with co-signing the lease. If he does, I'm not sure if I can make him co-sign the lease and if I can legally run a background check on him as well.

Can we legally (in TX) run a criminal background check and charge for it, on a adult tenant who is not a co-signer on the lease?

okay i will read up on that. thanks marc. i haven't asked any wholesalers yet but that's another option that i'm considering. there's gotta be a formula that works for us. i guess it's only a matter of time.

hello. i am a new investor who plans to rehab and hold properties. my original idea was to rehab properties but my husband prefers holding them for now due to the current market. so we have been trying to calculate numbers that will give us about $200-250 cash flow but we just don't see that happening. after paying back our loan (LOC, hard money, etc) and leaving money in reserves, there's barely any cash flow left for profit! is this a common problem or are we missing something? we don't have cash, so all of our calculations are based on loans and lines of credit. are there types of loans specifically for rentals? if so, can you share what those are? we are hesitant to do conventional financing because that only allows for a handful of properties and we would like more than a handful. thanks. rocio

:D hi my name is rocio from houston, texas. i am interested in becoming a real estate investor once i finish school which will be in about another month or so. i've been doing my research and am excited. so far i've learned a lot but i know i have much more to learn, which is why i joined this website.