All Forum Posts by: Rony Mueller

@Rony MuellerWell, i asked him for the first page of last years tax returns and 3 months bank statements, and I also gave him the form 4506 that @Linda Weygant suggested. I told him that if everything looked ok he could move in while i waited on his tax return to be mailed to me. He asked what would happen if the return from uncle sam didn't match the one he gave me, i told him i would have him evicted. He filled out an application but did not give it to me, it took cell phone pictures of it and texted it to me, he has yet to pay me the application fee for me to process his application, i doubt i will hear back from him.

I think you dodged a bullet my friend. I think you mitigated some real risk. You don't want a possible headache as a tenant. Keep your mind clear of problems so you can continue crunching numbers to purchase your next REI! Good luck Chris!

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I'm attending to the meeting for networking and see what's up, I've never attended one. But you're right, there will be a sales pitch, but I always ignore that part.

Thanks for the meet up link! I will look into it once I get home!

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Originally posted by @Joshua Pavao:

@Lucas Machado and

Thank you both for the support! It sure is nice to hear from locals saying that there is indeed potential and demand for approaching this type of REI. I'm sure I'll have plenty of questions along my journey and this group really is an amazing thing for me to have stumbled across or else I'd be pretty lost!

Do either of you attend any local club events that you would recommend to be of value? I'm pretty mechanically inclined, so I do plan to do a lot of the rehab on my own, at least for the first one and see how it goes. I plan to start educating myself there by attending some workshop classes at Home Depot for home improvement (learned about that here on BP).

But I digress, if anyone has any local-ish club events that they may feel would be of value to attend, feel free to let me know! Thinking more about it, I'm probably going to take advantage of my VA Veteran loan and go for my first flip before a rental. We'll see

https://www.biggerpockets.com/forums/84/topics/242...

For some ideas...

And yeah, this November 4th there's going to be a BREIA (Broward REIA) meeting 5:30-8:30. Also, there's another thread here in BP I can't find it right now, but it's about a meetup that South FL investors, here at BP are organizing. I'm not sure when it is, but look it up.

I read that @Account Closed organizes awesome meet ups as well?

Sorry I didn't answer before, was my wife's birthday/Halloween!

Last, I also recommend you to set up some keyword alerts like Miami, Fort Lauderdale, South Florida, etc.

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Hey @Joshua Pavao! Welcome to BP and to Miami! I just moved to Miami, FL about two months ago too, from Texas! But I used to live down here, so this is like home to me. I wish you good luck in your REI, and if you got any questions I can help you with, don't hesitate to send me a message!

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It's too bad I can't make it, but I'm very glad to see that many people in here are wanting/trying to organize some BP meetups!!

Count me in for the next one, and I hope you have a good outcome on this one!

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Hey @Chris McDaniel! Let us know what happened!

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Hey! Welcome to BP! I'd recommend setting up your keyword alerts such as "Dallas" or/and "DFW" so that when your area/city comes up in a discussion you can jump right into it and network with investors near you!

My wife and I just moved from Austin to Miami... Oh do we miss big ol' Tex....

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@Joshua Ford

Hey! Welcome to BP! I'd recommend setting up your keyword alerts such as "New Jersey" or/and "Detroit" so that when your area/city comes up in a discussion you can jump right into it and network with investors near you!

Good luck in your RE Career!

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Originally posted by @Dawn Anastasi:

Income is one thing, expenses are another. I had one applicant that had around $7,000 in income each month and showed me several bank statements that highlighted that, but then I pointed out that the beginning balance in the account each month was around $100-$300 and the ending balance was around $100-$300. So in essence everything she was making, it went poof by the end of the month.

Valid point. He mentioned he's got kids, is he paying college tuition, alimony, food, etc.? Better check those bank statements!

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@Chris McDaniel

First, tell him to show you the agreement as a proof of income. Just like investors ask for a purchase order from a company they invest in. Also, verify the agreement.

Additionally....

I lived one year outside the USA in 2013. When I came back, it was hard for me to rent any place for the obvious reasons, no income, no previous housing for a whole year. But I had savings though, so I paid Sic months in advance at my apartment complex where I lived. Could this be an option?

If he sounds so committed to renting your place, and he's got all that cash, I don't see why he would refuse. Let's just say that a window tinting business doesn't have such a high cash turnover, so he won't be needing it all.

What do you suspect of him?

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All Forum Posts by: Rony Mueller

Rony Mueller has started 1 posts and replied 27 times.

Post: How to verify income and job history for self employed tenant?

Post: New Member - Miami, South Florida

Post: New Member - Miami, South Florida

Post: New Member - Miami, South Florida

Post: Investors, want to grab coffee in Delray Beach FL on Sat Nov 7th?

Post: How to verify income and job history for self employed tenant?

Post: Attorney, Broker, Investor from Texas

Post: New Member from new jersey

Post: How to verify income and job history for self employed tenant?

Post: How to verify income and job history for self employed tenant?