I am currently going to community college as well as in the process of getting my real estate license.

One of my applicants showed up with little credit but no defaults, no evictions, and only traffic violations and verified income high enough to cover well over 3 times the rent and I accepted the tenant despite there being some signs.He paid the rent in time for the most part until a few weeks ago when he stopped and I could not get ahold of him.

Hi Asiel, Nabil I am new in the wholesaling business as well.

So I am assuming you were the lender on these properties and they did not manage them well and they went into foreclosure.

I would keep it in a high interest bank account might as well earn as much gain as you can no matter how small it is.However I think some debt pay down would be great not to the point where you are not liquid enough to Jump at another opportunity or can’t make a major repair when it arise.

One has a 162k mortgage, $1250 tax,Insurance,%3.5 30 yr, worth at least 750,000 LTR rent $3200, #2- Los Angeles worth   $750k as well just did a remodel of 150 K, mortgage is 75,000 payment $700.tax,Ins, Mtr/str hybrid.

I intend to add a closet to the den and make it a 3 bedroom adding value as well as remodel the entire unit.

There will always be upward pressure on rents there as well. 

We are still using some towels after 7 years of use as well as all the sheets since we started.The key to those is washing them right.

You will find that some real estate professionals are well versed in investor real estate and others are not.