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10 July 2018 | 4 replies
You normally want 50-100% equity in the home, a home that has sold within the past 15-20 years, absentee owners because it is difficult to manage from far away, and an older owner because they are often more motivated and looking to get out of real estate.
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10 July 2018 | 2 replies
Most people will find long-distance self-management difficult, and that's a natural for putting a property into PM.
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11 July 2018 | 7 replies
You found one that will, and maybe those fees help them "stay in the green" on their balance sheets for those loan sizes.
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27 July 2018 | 24 replies
This post will be difficult for me to write out because I'll have some PTSD of some of the 10+ page papers I had to write but I'm passionate about wholesaling and will put my thoughts to paper.Here is the shortened version of the entire wholesaling process promised.
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12 July 2018 | 44 replies
I consider our laws to be fairly balanced between land lords and tenants.
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11 July 2018 | 14 replies
Definitely a balance between the economics and soft skills.
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13 July 2018 | 23 replies
I realize I'm probably making it more difficult on myself by trying to force something when maybe it isn't the right time, but without getting too personal, my home life sucks and I really need/want to move out as soon as possible.
13 July 2018 | 4 replies
I have a spreadsheet to track how much I accrue/set aside each month based on the rents I expect to have coming in.My banks let me have these accounts for free with some nominal minimum balance requirements.I have separate accounts for:Working Capital (main account, rents come in, mortgages go out)CapexRep/Maint/VacancyTax/InsuranceCashflowTenant deposits (for self managed properties)https://www.amazon.com/Profit-First-Transform-Cash...
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1 August 2018 | 8 replies
In the last few months she became late, but always caught up with rent, in June she missed a payment completely and the check she wrote for the balance of May bounced.
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12 July 2018 | 2 replies
That's a difficult question for someone to answer for you.