Gary Green
Suggestions for saving for first investment property
25 January 2025 | 1 reply
But in reality you might just want to think about using a standard savings account And taking a hit from inflation on the cash because the delta from the higher interest account to the regular account is not really that much on small amounts.
Drew Sygit
New Michigan Law: Landlords Can't Discriminate on Tenant Income Source
21 January 2025 | 11 replies
.: I haven't passed this past legal review so for what its worth: Part of my standard requirements for everyone include income is at least 3X rent, minimum credit score, say 640, Clean record and no evictions as well as deposit is paid in full at signing of lease and 1st month rent is paid in full prior to handing over the keys.
Pilla John
Curious Question for Fellow Owners!
19 January 2025 | 1 reply
Whether it’s a deep clean or a quick standard turnover, I’d love to know who’s been your go-to.
Jesse Yoder
What Insurance to use for BRRRR
20 January 2025 | 6 replies
If the property does not require an extensive rehab and just needs cosmetic repairs then a standard landlord dwelling policy in most cases depending on the carrier.
Raymond Kalonji
Are My Screening Criteria Unrealistic for Section 8
26 January 2025 | 4 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.
Evan Thomas Andriola
Finding tenants in Cleveland
27 January 2025 | 5 replies
This approach gives you the opportunity to thoroughly screen potential tenants, ensuring they align with your values and standards.
Aj Green
Can an Ohio Lender Beat a 6.75% on an Invetment Property?
22 January 2025 | 16 replies
Many of the properties I have been looking at have issues but in this case I'm working with the seller to let me get it up to conventional appraisal standards before they inspect it.
Sundone Boutvyseth
First investment property for less than 10% down
28 January 2025 | 20 replies
I've now used it twice.The program requires 10% down, must be a rental, no PMI, and has a very high standard of credit.Last I did it (Summer 2022), my rate landed in the low 5%.
Jerry Nogueras
NYC Residents- Which areas outside NYC have you seen the most success for rentals?
27 January 2025 | 6 replies
Quote from @Michael Smythe: @Jerry NoguerasRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Shawn McCormick
Non Renewal form
15 January 2025 | 1 reply
As long as you express the key details of tenant information, lease dates, along with any standard information to vacate, and clear language of "non-renewal".