13 May 2021 | 2 replies
If you aren't committed to doing at least 10 houses, that is unfortunate for you. 10.
22 May 2021 | 4 replies
You are very correct about them being jointly and individually liable for the balance of the lease.So, for me, I would just do a background check to make sure they aren't a felon etc.
14 May 2021 | 1 reply
We aren't using real estate agents, this is a private deal, and want to make sure we set up a strong sales and purchase agreement.
14 May 2021 | 4 replies
So, they aren't even trying to make a living at it.
19 May 2021 | 12 replies
Now I can use the current rents for the 1% rule, the 2% rule or the 50% rule as a rule of thumb and that's all fine and dandy but there's so much more information that I need to analyze.If the rents aren't in the description is rent o meter a good place to find market rent?
17 May 2021 | 4 replies
I have a property that I purchased in Indianapolis to flip but things aren't panning out as I hoped.
15 May 2021 | 12 replies
Eviction process is easier for non-renewal squatter.. but it's still going to be a long, tough road ahead:Eviction moratorium is not over, and it still might be extended (again)Courts aren't taking on evictions in my county in Bay area at all, when the moratorium is over and they do start taking them, there's going to be a huge backlog of people wanting to evict.I would reinforce you're not renewing their leases (make sure you don't accept their money during the next term), and let them know you plan to evict if they plan to stay there.
14 May 2021 | 14 replies
Our tenants are supposed to move out at the end May and they told us they aren’t moving out.
20 May 2021 | 5 replies
@Jason BartonI am a mortgage broker in Texas and have access to several lenders whom do DSCR loans.In a nutshell:Income, Employment, and DTI aren't a factor.It's all about the property, your cash down, and credit worthiness.The DSCR calculation is generally NOI/PITIA = DSCRSome lenders will go as low as .75% DSCR but will want more money down. 1.00% is the standard, some drop rate is over 1.25%.
14 May 2021 | 9 replies
If you aren't finding enough deals that pencil out to meet your goal, that means you need to either analyze more deals (increase throughput first!)