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Results (10,000+)
Jim Lynch Minimum "boxes to check" for tenant screening, assuming you are self-managing
31 January 2025 | 6 replies
@Jim LynchSome typical minimum tenant screening requirements look like the following, but it depends on your market:-Renter has a gross monthly income of 3x more than the monthly rent-Minimum credit score of 650-Renter must have no prior evictions-No felons (or other notable criminal history)There are a number of different tenant screening softwares out there such as Zillow Rental Manager, TransUnion SmartMove, etc.Be sure to complete an employment verification by contacting the renter's employer and confirm the details they shared with you, landlord verification (if they have a previous landlord), credit check, and background check.
Evan Miglorie New zoning on family home, how will it effect total price?
13 January 2025 | 1 reply
They are set to change the zoning in my area, allowing ADU's and other construction.
Breeya Johnson Growth Markets in 2025 - Where are you investing?
7 January 2025 | 22 replies
Nashville, Dallas and the south are being the hardest right now because of the new construction, but in my opinion, these could be some of the best opportunities for investing in the coming years.
Thomas Malone Anyone experienced with Lee Arnold's system
23 January 2025 | 56 replies
No requirement to be in the inner circle other than to get the 100% funding up to 65% of ARV, otherwise it is 90% of acquisition cost + 100% construction costs up to 65% of funding.
Josh Palmer Lost and need help!?!?!?
13 January 2025 | 3 replies
I have been doing construction my whole life so the work is not something that I am worried about.
Ivan Castanon I need to change strategies. What should I do?
1 February 2025 | 45 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
Trace P. Thought about Oil heating in properties?
1 February 2025 | 5 replies
Hi, I am keen on a property but checked that it uses Oil for heating (instead of the typical gas or electric).
James Wise Why do people Buy Property in California
22 January 2025 | 203 replies
Hell, even the Amish look at our construction methods and chuckle. 
Jorge Caceres Utilities included worth the risk?
7 January 2025 | 28 replies
If you're certain the type of renter you're going to get are traveling medical professionals, you know they're on short term contracts (typically 13 weeks).
David Fals SFR or MFR starting out??
25 January 2025 | 3 replies
Typically will be rent by rent strategy (which is tough for none owner occupants) or College rental.