Just be sure and stress test the aggregate performance of old plus new property with additional debt on the old property.  

I would first advise the client to look into the foundation of the structure and then understand that the shared walls are not meant to be exposed.if the property passes the location test, then i would move to structural test, then to water mitigation test.It is likely tho that there will need to be some sort of reinforcing done on the structure regardless of its current condition.

Hello Community,Is there any mortgage lenders or carriers that accept late mortgage payments(caught up) within last 12 months?

Testing them out see how it goes, but initial experience has been very good.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

So, when a CASH purchase offer came in, it had a good possibility of being accepted even if it was (theoretically) 50% less than “creative financing” offers. 

We have been long term owners for many years and have recently decided to make the move to medium term on 1/2 of our duplex to test the market.

Fortunately we have about 75% acceptance rate but some who are accepted have found another place so maybe 50% of applications become tenants. 

@Ashley RuddCongrats on passing the test and getting licensed!

Hello everyone, in my first 90 days, I took the challenge and found my first investment property with incoming producing tenants. My ROI will be $7200 per year and the purchase price is $62,500, around a gross ROI of ...