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All Forum Posts by: Ryan Dodson

Ryan Dodson has started 2 posts and replied 5 times.

Originally posted by @Daniel C.:

@Ryan Dodson

I closed on a property yesterday. The first very paper I had to sign was stating that none of my properties were in forbearance. Not something I would get involved in unless it’s your last resort.

 Thanks! I great to hear that from someone that has done some recent paperwork! 

So just a quick question, I am thinking of a forbearance on my mortgage but I have some money saved to buy a rental income in the near future and I don't want that to hinder my chances of a loan on the income property. Any thoughts? 

Try websites like thumbtack and home advisor, A good contractor will have multiple verified reviews and you can take your pick from the best contractors in your area. 

I have my eye on a property that has 2 units on it about 2 hours away from my location, It's 97k plus closing cost and will need 5k of cosmetic work. Both units combined should rent for 1400 to 1500. Just a bit gun shy at this point but need to get my feet wet at some point!

Hi, So I'm a general contractor in southern California and would like to start investing in rentals,  I'm wondering if I should wait and see what this economy does or pull the trigger on a rental in the sub 200k range.  Thanks for any input!