Hi everyone,Last week, I was pulling rent comps to prepare renewal offers using my typical process: starting on Ręntometēr or Rēntcast for a rough idea of recently removed comps, then manually researching on platforms like Zillow, Apartments.com, and Facebook Marketplace.

If its just borrowing money with no collateral then a standard note is common if it secures real estate then you have a loan agreement, deed of trust/mortgage, note and other documents.No matter what these documents I would not pull off the internet i would get an attorney to draft them and the costs are typically paid by the borrower.

So many BP podcasts that I've listened to someone brought a "partner" in on the deal but they don't typically expound upon the journey to finding said partner. 

Conventional loans are typically in your personal name, while investment property loans, like DSCR loans, will need to be in your LLC's name.

If I had to leave a takeaway from this post before getting too far in it would be that whatever goals are had you have, we have these goals for a reason and typically it does not go exactly as planned but even if it doesn't go as planned, we can pick up where we left off and give it a fresh start.

So if you see a foreclosure, it's not a typical thing, and the people involved are not typical. 

Short term my credit score did take a hit, but once the promotional transfers were paid off, my score jumped higher than it was before.These days, the "pure" zero percent transfers don't seem to be around anymore as they typically charge a 3-5% balance transfer fee as part of the promotion, but this is still better than current HELOC rates.

Typically, most cities allow for 30 day minimum rentals.

The typical DST that an informed investor would seriously consider is only available for 80-120 days.Happy to chat nuances if you’d like to DM me. 

Once converted to a rental, repairs and improvements may qualify as deductible expenses, but pre-conversion repairs typically do not.