Jim Lynch
Minimum "boxes to check" for tenant screening, assuming you are self-managing
30 January 2025 | 5 replies
@Jim LynchSome typical minimum tenant screening requirements look like the following, but it depends on your market:-Renter has a gross monthly income of 3x more than the monthly rent-Minimum credit score of 650-Renter must have no prior evictions-No felons (or other notable criminal history)There are a number of different tenant screening softwares out there such as Zillow Rental Manager, TransUnion SmartMove, etc.Be sure to complete an employment verification by contacting the renter's employer and confirm the details they shared with you, landlord verification (if they have a previous landlord), credit check, and background check.
Makani Donaldson
What is considered a good cash flow?
26 January 2025 | 16 replies
@Makani Donaldson it all depends on your investment goals.If you buy a Class A rental, it'll usually have negative cashflow, which will be hopefully offset with appreciation and better tenants.If you buy a CLass C or D rental, it should have pretty good cashflow because you may not realize much in appreciation and you'll have a lot more problems finding good tenants.
Ryan Diehl
Refinancing or keep current heloc
20 January 2025 | 3 replies
The question is mostly a personal financial planning question and it depends on your preference and what balance of risk and access you'd like and would be comfortable with.
Salvatore Ross
Ideal Property to Manage
25 January 2025 | 8 replies
Everyone's favorite answer in real estate---"it depends".That being said, you have to start somewhere to figure that out.
Muhammad Kashif
Is it still worth getting into land flipping (for new investors) ?
22 January 2025 | 3 replies
Depends on the area.
Dallas Morioka
Using Seller Financing to Buy Primary Home
22 January 2025 | 3 replies
This will all depend on how good of negotiator you are.
Hector Lewis
Sell or Continuing Renting out Single Family Home
29 January 2025 | 5 replies
@Hector Lewis - The decision ultimately depends on your current cash reserves relative to your financial needs, as well as your willingness to reinvest for potential appreciation.
Grant Woodward
Pool liability mitigation
30 January 2025 | 12 replies
It depends on what municipality you are in here in the Tampa area.
Jade Frank
Should we sell our house or is it worth renting out
30 January 2025 | 6 replies
I'm still new to real estate investing but I'm open to feedback @Jade FrankIt really depends on your long-term goals.
Angelo Llamas
Paying for the utilities
29 January 2025 | 4 replies
It can get pretty expensive what would anyone suggest or should I write the lease so that the next tenant depending on time of year should I do not include a specific utility and adjust my rent because of it ?