All Forum Posts by: Vivek Kumar

I see inquiry for car loan but there is no actual loan or payments

Well withdrawal does not mean spending. But yes I hear you. It is a bit secretive where the money goes that way.  

Quote from @Kerry Noble Jr:

So they live a debt free life but have a car note???

That’s what I see 

So I got a tenant application who has a credit score of about 520 and same for spouse. No debts and almost nothing on credit report. It's almost blank. With a few inquiries from auto dealers. 

they shared 3 months bank statement and cash app summary showing 10,000 per month coming and withdrawal as well as withdrawal so maintaining close to 0 balance.  They mentioned they live debt free and don't ever buy on anything on credit.  

my house rent would be 2300. I showed them and they looked nice with good car, good dressing. 

Though I feel like leasing them but still like not sure. Happy to provide more info if someone can guide on this 

Property 1:
Listed for $292,500 

Rental estimates $2050 - $2100. 

Year built: 1980 

Renovation cost: $5000 

Built area: 1528 sq ft 

Property 2: 

Listed for $330,000 

Rental estimates $2050 - $2100 

Year built: 1993 

Renovation cost: $10000 

Built area: 1677 sq ft

Both properties are about $50,000 less than the market prices.  Striking factors are:  Poprerty 1 is 15 years older than Property 2. 150 sqft smaller as well. However, of course, lower cost of entry. 

Quote from @Barry Ruby:

@Vivek Kumar

Hi Vivek,

15 years ago, I founded and remain a partner in a solar energy development company. We develop utility scale pv projects.

Getting a commercial grade project approved, built and operational is as complicated as a ground up real estate project and has a number of additional features that make them even more complex.

Your best bet would be to identify a number of solar developers and run any property by them before going too far in dreaming and scheming on a project that may only exist in your mind.

I am actually looking from that perspective only. I don't want to setup my own solar farm. I want to lease land to an existing company for that. But then I want to make sure I buy a land that is of interest of the developers

Any pointers to buy and lease the land to the companies for solar farming?