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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.
Brandon Vukelich 3-unit STR/MTR $107k NOI on $187k REV
29 January 2025 | 12 replies
Experienced investors typically value properties like yours by analyzing cap rates, cash-on-cash returns, and income growth potential.
Merrick Hidalgo When to realize capital loss
8 February 2025 | 6 replies
However, if distributions are still ongoing or the final resolution is unclear, you may need to wait until 2025 or later when the loss is definitively established.Under IRC Section 165, worthless securities can be written off as a capital loss, but partial losses typically aren’t deductible until the investment is fully settled.
Jon K. My first rental, 11 years later.
7 February 2025 | 8 replies
Typical maintenance and capex, no real disasters. 
Alex Patton Refinance DSCR Advice
3 February 2025 | 26 replies
It's a different business model than the typical broker-investor relationship.
Karin Recalde Purchased property listed and sold as a triplex just found out from city it is a SFH
6 February 2025 | 28 replies
Looks better for them and gaining a sale and higher property value gives a larger commission. 
Account Closed PM needs ss#
22 January 2025 | 14 replies
- Of course, most of these PMCs weren't even properly licensed and were typically one-person companies.If you have an LLC, the PMC will only need the LLCs EIN.- If you chose to set up your LLC as a pass-thru entity, then you will need to supply your SSN.FYI - to avoid getting nasty letters from the IRS about errors (which might cause us to be audited), we will ask for a copy of your EIN assignment letter or a copy of your SSN card to confirm those numbers.
Demario Scott regrouping, getting back to a financial mindset
26 January 2025 | 0 replies
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.
Ashley Kroft Starting Out: Advice on which option to take from a Refinance
3 February 2025 | 7 replies
However, these programs typically qualifies borrowers based on their income, such as tax returns.The DSCR would be a good option considering you and your husband are entrepreneurs and the tax returns don't look good on paper.
Luis Fajardo New-home sales hit a high in 2024 with builders responding to market demands! Learn
27 January 2025 | 0 replies
The West and South posted more modest gains of 6.9% and 0.5%.