
17 November 2014 | 11 replies
While I have given tenants my number and speak with them directly about problems or issues during my inspections, I would go to great lengths to make sure that I do not undermine the PM's authority as it is critical to insuring my investment as I am so far away.

30 August 2014 | 15 replies
3 other options: evict, per diem, or shuffleEvict: Depending on the length of their rental agreement and any rent-control ordinances in place for your area, you may also want to consider terminating the tenancy, then doing the work with vacant units.Of course it's usually not a great idea to evict tenants that are paying their rent!

12 April 2007 | 12 replies
I'm excited about that because I've never heard of a group going to this length to educate newbies to be as successful as they can be in this business.Keep in touch drweltman and if I come across ANY interesting deals around Dallas, I'll contact you and perhaps we can throw business to one another from time to time.

8 March 2008 | 8 replies
I want to learn as much as possible from BiggerPockets and speed up the length of time between now and my first investment.

13 December 2013 | 12 replies
Cost and type of material, length of time to complete, copy of insurance, name of bonding company, etc.)

10 June 2012 | 10 replies
DO NOT and I mean DO NOT contact those creditors or make partial payments to them.What that will do is REFRESH and old negative account and make the credit score take a nose dive.It is true it takes usually 1 to 2 months to update changed results in the scoring model.If the buyer has a time sensitive loan issue the lender can do what is called a "rapid re-score" with the credit which will update the credit report score much faster but costs money.In addition to paying down the cards your buyer can also request a credit line increase on all the cards.If 3 out of 5 or 2 out of 5 increase the limit that will help bring down available credit percentages to used credit even more.Even though the buyer is at 680 they want to try to get the score up higher.You do not want to be right at where the score requirement is and then something happens and you are off by a few points.Do not close credit lines.One of the scoring criteria is length of active credit history in good standing.If the buyer has 5 cards and 3 are 2 years old and 1 is 1 years old and the last one is 4 years old then you have a 4 years history.If you close out the oldest one your credit history in good standing has dropped to 2 years now which affects the scoring model.The buyer should stay away from big purchases cars,furniture,appliances,vacations,weddings,etc. until AFTER they have closed on a house and moved in.Those types of purchases are much more lenient on debt ratios than house loans these days.

22 May 2020 | 7 replies
That provides a semblance of professionalism and "arms-length" appearance from just having your lease, etc as your name, but resolves the issue of trying to have your properties in an LLC.

30 June 2019 | 18 replies
So even though I'd prefer to stay at arms length I believe PPR cracked the code when they went with the in-house borrower outreach, outsourced servicing model.

28 April 2022 | 14 replies
It is their neighborhood and you are just a part-time visitor there during the length of the rehab and sale.

20 January 2022 | 10 replies
I've spoken at length with him about the warranty program.