Frank Pyle
Seeking Advice from Lenders: Financing for Community Living Home
5 January 2025 | 2 replies
Does the operational company already exist and have income history?
Ashley Wilson
New Leases versus Renewals: What matters more?
10 January 2025 | 2 replies
Sometimes it's nice to get a new lease so that you can increase the rent right off the bat, but having tenants with a solid payment history is worth so much more to me.
Christopher Lynch
How To Start a Syndication ?
10 January 2025 | 9 replies
First he had done over 30 deals and had a history.
Portia Dampier
Seeking Advice on Coaching/Mentor Programs for Real Estate Investing
3 January 2025 | 10 replies
Thank you in advance for helping me navigate this decision.I have a long history of fix and flips in several states and the first thing I want to point out is that you make your money in the "buy".
Glenn N.
Small business software for Lenders
5 January 2025 | 4 replies
What would be considered the easiest program for small hard money lenders to use to track loans and history and sending out 1098 's?
Grace Norton
Help! Need advice - screening my first tenant
27 December 2024 | 9 replies
They are in their very early 20s they both are full-time employed, but the husband does not have any credit history at all.
Matthew C.
Advice on multifamily vacancy
13 January 2025 | 11 replies
-- We focus on verifying 2-year work history and verifying rent payments with last 2 landlords (unless in same property for 5+ years).3) MoveIn Specials: be careful with offering "free rent" as will just attract tenants with no cash.-- Try free TV or something else worth 25-50% of one month of rent.-- Or, what we do is offer the free rent AFTER & ONLY if they pay their first 3 months of rent on time to earn it.4) Lower the rent 5% every 2-4 weeks until activity picks up.5) Understand this is the worst time of year to find tenants.-- Starts picking back up end of February when this tenant pool starts getting their income tax refunds and aren't broke anymore.6) Section 8: where is the property being advertised?
Rose White
Tenant Background Check
15 January 2025 | 6 replies
Credit report - We review their credit report for payment history and ongoing bills.
Summer Shelton
Income from property considered when applying for loan as primary residence
11 January 2025 | 8 replies
Unless there is a history of STRs in the property already and you have experience with STR, you really wouldn't be able to supplement your income with that.
Allende Hernandez
Is it legal (or a good idea whatsoever) to reimburse screening fees?
11 January 2025 | 9 replies
Children won't have a credit/criminal history, rent records, etc.My application fee is non-refundable.