
6 May 2024 | 27 replies
.: Quote from @Dominic Rosato: I work in leasing/property management in NJ, and we encourage most of our landlords to require these two main criteria:1) Household annual income > 40x the monthly rent2) Credit score above 680In addition, we screen their credit report to verify there are no red flags (rental collections, high CC balances, etc.), as well as previous two months of bank statements / investment accounts, whichever they'd like to provide (can they pay rent if they lost their job?).

6 May 2024 | 30 replies
This with the electrical issues are definitely red flags but going off of what professionals here have said it’s not enough to turn away the deal.
6 May 2024 | 11 replies
Most attorneys will not take these cases unless there is extreme negligence and there is money to be made.It is a BIG red flag that they will not let someone in to inspect.

5 May 2024 | 9 replies
- am I missing a significant red flag about this property that I do not see?

6 May 2024 | 8 replies
But, as landlords, if we all do it, our tenant screening will show those red flags.

5 May 2024 | 2 replies
The involvement of onsite management, often seen as a potential red flag, can lead to the property failing crucial qualification tests.

4 May 2024 | 23 replies
Merchants Bank MN See Pavel UshakovPenFed - max 3 other properties, 89% LTV Regions- yes HELOC but no LOC SCCU Florida 70% LTV, 6.25% interest only, not LLC Sound CU "non-owner occupied HELOC, capped at $150K and interest rates are prime + 2%, 3% or 4%, based on credit, not to exceed 70% ltv.”S&TTCF BankTD Bank TIAA Direct was EverBank Tower FCU, all states except TX, max 45 DTI, green card ok.

4 May 2024 | 3 replies
Thinking STR may be good given proximity to Red Rocks, although not sure of STR laws per above?

4 May 2024 | 8 replies
What are write-offs that raise red flags?

5 May 2024 | 9 replies
Most DSTs have a disposition fee on the back end that they only receive after they've returned original capital, giving them an incentive to do so.Work with a group that has experience with the sponsors and knows what potential red flags to look for in each offering so you might mitigate potential risks.