
29 February 2024 | 5 replies
For some reason, they will not release the original application, driver's license, SSN, employer, or references for the past tenant so I can provide the information to the new property manager to file for collection.

29 February 2024 | 8 replies
The real question here is whether you should Self-Manage or employ a Property Manager.

29 February 2024 | 0 replies
I had just received a 30k down payment from another owner financed deal and I wanted to get a “second home” and get some additional rental income.

1 March 2024 | 140 replies
If an investor wants to be passive, most real estate is a nonstarter.Most of us have retirement accounts (such as 401k) and real estate...and don't consider low cost tax deferred retirement accounts with an employer match to be a bad thing.

29 February 2024 | 4 replies
Assuming I could qualify financially (primary income plus FHA allowed rental income contribution from additional leased units), when I become the owner of the property, would that prevent me from using a FHA 203b to house hack a second property?

29 February 2024 | 10 replies
There's pro's and cons.Pro's:Not reported on credit (doesn't damage DTI and can do unlimited loans)Low doc (no taxes, DTI, employment)Close in an entityCon's:Loans are higher rates, but not as high as some have said in this thread.

1 March 2024 | 28 replies
But in addition to my comment above: yes if the focus is more on a "buy and hold approach" where you are looking for cash flow and assuming you have gotten some super amazing loan product where you can actually obtain some each month...

29 February 2024 | 12 replies
If they provide you one, I would still say I am getting my own.I would ask for full demographics of the area, including incomes, home prices, education levels, crime levels, etc.I would want to see full tenant application and any pertinent backup verifying income, employment history, landlord references, etc of the in-place tenant.I would want to talk to the property manager, if they are coming with the property.

29 February 2024 | 6 replies
After doing some research on the ‘director,’ Kory, he’s actually just a freelance/self-employed salesman based in Utah… I should have sniffed it out earlier in the process than I did because even in the 1stinterview, some of the early questions from the screener included how much money I make, how much I have in my bank accounts, my credit score, how much credit card debt I have, and what my credit card limits are…I was then asked if I was willing to ‘leverage my credit’ aka max out my credit cards to be successful.

29 February 2024 | 9 replies
Keep in mind that any traditional lender will have rules and limits for how much the seller can finance in addition to their own loan, so unfortunately it's not possible to combine the two for 100% financing or anything close.John