6 April 2024 | 12 replies
REPS hours.4) Getting ready to rent the property pre-close but post-contract: Understanding HOA rules and incorporating them into proforma lease agreements; preparing and posting rental advertisements; shopping for, selecting, and purchasing furnishings to equip the house to be put on the rental market.

5 April 2024 | 14 replies
Work with the lender you've chosen to be pre-approved for a mortgage.

4 April 2024 | 15 replies
If going the hard money route, you need to have a relationship with one, be pre-approved and ready to go fast when a deal comes available.

4 April 2024 | 32 replies
There a few that offer pretty much everything from rent collection, to having pre-screened contractors and handymen available for fixes, etc, which can all be dispatched online.Does anyone have any experience with any of these sights or offer any insights or suggestions?
4 April 2024 | 6 replies
I would also recommend doing a pre move- in inspection with the tenant, as well as taking pictures of the property, that they will sign off on- so you are both on the same page of the initial property condition- so if there is damage when they move out, they can't say "that was there when I moved in" because you will have proof.
4 April 2024 | 5 replies
When financing your new home, get pre-approved for a mortgage before listing, showcasing your financial strength to potential sellers.

3 April 2024 | 6 replies
Personally I have my applicants fill out an application and pre-screen them before narrowing down to a short list before only running an actual background check on the first and possibly the second runner up in line for the unit.

4 April 2024 | 20 replies
I think a great route would be pulling out he equity from the home to help with this new project you are looking at, and making sure you get a low pre payment penalty on the cash out refi.

4 April 2024 | 27 replies
And buy anything I'm wrong I mean anything that's not pre-approved by her.

4 April 2024 | 0 replies
This strategic move paid off handsomely as we were able to command higher rents than initially projected.Here are the key financial details of the deal:Purchase Price: $270,000 (jointly with a partner)Financing: Obtained a commercial bank loan with a 30% down payment, 7% interest rate, and a 20-year amortization period.Initial Rents: $1050 and $1250Current Rents: $1400 and pre-leasing for $1500 (making it a 1% rule deal!)