We are currently looking to purchase our first rental property. We've narrowed our search to 4 bedroom homes, because there are very few 4 bedrooms on the market now and the ones that are on the market move very quick...

@Stacey Mollinet I'm curious to get your perspective on buying investment property in Utah versus out of state.

While I might be able to get the prospective to release their information, it's impossible for Transunion to sign off.I recommend owner operators to use Smartmove (a Transunion product) to do their own screening, versus hiring an agent to simply screen a tenant, and sign a lease. 

The only other thing to consider, is your current interest rate versus market rate.

It would roughly cover 1.5 years of my current yearly pay.Now, the hard facts:#1 I would be using debt to survive, and lose a massive loan qualification if I become self-employed versus employed going forward...Not a huge deal because I have a lot of private capital contacts and when there is a deal, there is always money to be found.

How much time do you spend working for your money versus how much time do you spend making your money work for you?  

The other lenders might do the business but at crazy rates and terms that aren't good.This is why my clients have an easier time buying  a 2 or 3 million retail property with national tenants versus say an older 30 unit apartment building from afar.

Hi, my husband and I live in Montclair, NJ and are learning about buy-and-hold residential real estate investing, in Montclair or in nearby towns like Bloomfield.We're thinking about multifamily properties versus single family homes... ideally we would have a few income properties within the next 5-8 years.

Consider if you want to perform property management across 3 states and pay 3 states' worth of income taxes, versus 1 location and 1 state. 

Look how far things have progressed in the past 20 years, versus the 20 years prior to that and the 20 years prior to that.