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Results (9,017+)
Brandon Taylor Deal or No Deal?
11 November 2024 | 2 replies
Spell out the complete agreement of how expenses, profits (or losses), and other responsibilities are to be split—put everything in writing.Do a background check on the partner to confirm there are no outstanding liens, judgments, or active lawsuits against them.Hope these suggestions help.
Karen Seguin Letter to current tenants
11 November 2024 | 5 replies
If you feel the need to let them know you will be taking care of any outstanding maintenance requests, that may be positive news for themGino
Carter Jarvis 1099 financing and FHA house hacking
11 November 2024 | 4 replies
And my current DTI is basically zero as I have no outstanding debt or living expenses right now.
Brian Quo How bad is it to start off not cash flowing on 1st rental that is new construction?
20 November 2024 | 37 replies
I claimed for years 1) initial cash flow and cash flow over a long hold have a poor coupling 2) that I would purchase a property with negative initial cash flow.  3) I cared about total return and did not give a $hit about cash flow if the other returns produce an outstanding return 4) that cash flow is my least favorite return because it gets taxed annually. 
Gavin Wynn First time forming an LLC
7 November 2024 | 22 replies
Do you have an outstanding mortgage in your personal name?  
Paul Amegatcher This is how I buy zombie foreclosure properties.
9 November 2024 | 44 replies
Most banks won't lend when someone has an outstanding mortgage so would the owners be prevented from buying another house later because it still shows the zombie mortgage as a debt.Carolin,Based on all the ones I have done, most of the owners have been delinquent in their mortgage payments in excess of four years. 
Alex Winfield Any solid info on VA Vendee financing? Any lenders?
13 November 2024 | 66 replies
You can find the properties through this website: https://listings.vrmco.com/Just a word of caution for anyone with student loans, New American's qualifying criteria are similar to FHA - when calculating DTI, they will use 1% of your outstanding student loan balance rather than your actual monthly payment. 
Brian Lewandowski Trans union credit scoring and proper wording to tenant
4 November 2024 | 1 reply
It considers factors relevant to renting, like payment history and outstanding debt, so a low ResidentScore can indicate a higher rental risk even if it’s not a traditional credit score.For declining an application due to a low score, here’s a respectful and straightforward way to word your response:---**Dear [Applicant’s Name],**Thank you for your interest in renting [Property Address].
Rene Hosman I can easily and consistently track my rental property cash flow each month.
5 November 2024 | 29 replies
However, my favorite method is still the simplest: checking the cash in the bank.Each week, I look at the current account balance (minus any outstanding credit card balance), compare it to last month's balance, and even check back to last year’s balance.
Ty Voyles 3307 Wyndham - Alexandria, VA - "Subject To" Fix & Flip
31 October 2024 | 1 reply
Purchase price: $273,000 Cash invested: $60,000 Sale price: $375,000 Purchased the property with a "subject to" agreement, did a cosmetic renovation, cleared outstanding condo dues, and resold the property.