I've seen that local banks tend to be the best option for this so if your local banks don't offer it then maybe private money could be the route.we can offer heloc’s on investment properties both in the form of revolving secured lines to investment properties and fixed second mortgages as well to investment properties.typically LTV’s are up to 70-75% total CLTV which includes your first mortgage as well so if you think your LTV is lower than 75% currently (IE YOURE AT 400,000 loan on a 800,000.

It involves building credit and saving to secure better financing deals.

Our focus is on securing high-quality tenants to restore stability and improve cash flow.Despite these challenges, we are confident that selling this asset is the best course of action to protect the overall portfolio.Immediate Plan: Increasing OccupancyTo improve the property’s financial performance in the short term, our plan is to lease up the vacant units as soon as possible, starting with the three units that are rent-ready.

Our average online rating is 3.5/5, which is 60% higher than the 2.2 star average of traditional property managers.Sometimes we need to make a tough decision in favor of one side of the landlord-renter transaction and at a negative impact to the other side (i.e. deducting security deposits).

Most retired couple, should be able to  “get by” with 5, especially if they have any other investment< social security or a pension. 

It's also wise to check references from previous landlords to understand their payment history and behavior as a tenant.Once all the information checks out, you can proceed to signing the lease and collecting the security deposit and first month’s rent.Good Luck!

If I am doing the security deposit I want to quickly see how old that carpet or paint is.

Ceiling fans need to be secured differently than a basic ceiling to be stable and this is of course electrical work so allowing a tenant to potentially do it is a liability issue if they got injured. 2.

Initially, my goal was to secure a multifamily property using my VA loan for leverage, focusing on long-term rentals.

Since you don’t have a credit score yet, think about getting a secured credit card to build it up—it’ll be key for real estate financing.