Raymond Kalonji
Are My Screening Criteria Unrealistic for Section 8
30 January 2025 | 5 replies
While having high standards is important, it's worth considering that many Section 8 tenants might not meet requirements like a 640 credit score or $90,000 in household income.
Brendan Jones
First property advice
6 February 2025 | 11 replies
Short term rentals do get more money, but also cost more to run and require more time.
Adedayo Adetunji
Stranger occupied property without consent
8 January 2025 | 5 replies
Squatters can now be locked out of a property and their possessions removed, but a landlord CANNOT physically remove the squatters themselves.The local police are supposed to enforce these laws and assist landlords in removing squatters.The reality is that when you call the Detroit Police to remove squatters:1) The police often don’t know/care about squatter laws and state you must take the squatters to court to evict them.
Greg Reese
What state is the best to open an LLC for real estate investment
2 February 2025 | 13 replies
In CA, you are legally required to have a CA LLC if you are "conducting business in CA".
Nicholas Jackson
Prequalify possible applicants for my rental RentRedi
1 February 2025 | 3 replies
It may be worth letting them know about the prequalification requirements (credit score over xxx, salary above xx,ooo/year, etc.) in advance to weed people out.
Account Closed
Due On Sale Being Called!!
13 January 2025 | 41 replies
You should have updated the address in the lender portal to your physical address so you receive statements and late pay warnings.Only way this scenario happens is if you do none of these.
Andrew Bosworth
Best current commercial lending options for small/mid-sized apartments?
3 February 2025 | 7 replies
But last I check their requirements for LTV/DSCR was very strict.
Kaleb Garrett
Developing a solar farm?
2 February 2025 | 10 replies
A nice thing about renewables is that the price to develop these projects is dropping rapidly due to mass production of equipment, and they are unique in that they require less tax dollars over time.
Divine Nasikpo
How do I start earning in realestate?
4 February 2025 | 3 replies
You can contribute by finding deals or managing properties in exchange for a share of the profits.Lease Options: Control properties without owning them by renting with an option to buy, and potentially sublease for profit.Owner Financing: Buy properties directly from sellers willing to finance, bypassing traditional lenders and often requiring less upfront money.REIGs: Join real estate investment groups to pool funds with others for property investments.For a more hands-off approach, investing in turnkey properties in growing markets with minimal upfront investment would be ideal (like in the Southeast and Midwest of the country).
Cameron Marmon
Did I mess up when establishing this LLC for my wife and I?
4 February 2025 | 13 replies
An LLC with 2 +members does normally require a 1065 filing.