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9 January 2025 | 12 replies
This includes contacting the applicant’s employer and speaking with their supervisor to confirm job stability, income, and reliability. if the person has not been employed at their place of employment they would require a guarantorCredit Score and Debts: Applicants need a minimum credit score of 620, and while we review debts, medical debts are generally not disqualifying unless they impact overall financial health.Criminal History: We do review criminal history to ensure safety and security for our tenants, while remaining mindful of state and federal guidelines.Rental History: Positive references from past landlords, with no evictions or significant lease violations in the past five years, are essential. and we can see into the court system if they have an eviction judgement.Release of Information: We include a release form allowing us to verify employment and rental history directly, which helps us get a clearer picture of an applicant’s background.This process has worked well so far, but I’m always open to improving.
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5 January 2025 | 10 replies
If we let the hotel corporations do all the talking while we remain in the shadows, it does nothing to help the STR world!
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5 January 2025 | 4 replies
Rentals have remained pretty hot outside of common slower times around holidays.
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3 January 2025 | 12 replies
If it's not a holiday, I would say, "No, the deposit remains in place until your lease ends."
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1 January 2025 | 4 replies
If I got a home equity loan for Property 1 and used the proceeds as downpayment for Property 2 and then got a 2nd loan for the remaining 75% purchase price for Property 2, when I sell Property 2, can I use the Property 1 loan as part of the cost basis for computing Property 2 capital gains?
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15 January 2025 | 34 replies
Then the banks inflated appraisals, fabricated documents, counterfeited the securities (which is a felony) committed securities fraud and tax evasion.
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15 January 2025 | 49 replies
Despite my initial contact on December 17, 2023, and subsequent emails to Courtney.Sansone the problem remains unresolved.The issue arose when I attempted to link my Bigger Pockets PRO account to my Stessa account.
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2 January 2025 | 0 replies
Taking time for self-care and nurturing our well-being will empower us to tackle challenges with renewed energy and focus.As we move forward, let's celebrate each milestone, no matter how small, and remain resilient in the face of setbacks.
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8 February 2025 | 49 replies
.- Use the remaining capital to launch a military/gov real estate investment fund focused on overseas rental housing.- As your portfolio grows, reinvest profits into larger multifamily, co-living spaces, or boutique hotels for traveling professionals.Final Thought: Real Estate Is About Ownership, But Business Is About ScaleIf you want to quit your corporate job and transition into real estate full-time, owning a few rental properties isn’t enough.
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4 January 2025 | 5 replies
The homebuyers program I went through wouldn’t allow me to just pay off the remaining lien they said I needed to refinance or sell the home.