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9 January 2025 | 12 replies
Personally, I follow this standard for every application I receive:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)This process has helped me place quality tenants over the years.
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27 January 2025 | 7 replies
If this were a Real Estate secured note, a note broker or flipper might offer you up to about 65% of the remaining balance whereas an investor who is building passive income streams week offer up to about 90%.
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27 January 2025 | 1 reply
Hi everyone,Last week, I was pulling rent comps to prepare renewal offers using my typical process: starting on Ręntometēr or Rēntcast for a rough idea of recently removed comps, then manually researching on platforms like Zillow, Apartments.com, and Facebook Marketplace.
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23 January 2025 | 4 replies
Suggesting to them buying their house for a wholesale range offer or lower dependent on the extent of the rehab, then having a contract in place that gives them a percentage of the profit to help get them back on their feet, paying off debts etc.
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14 February 2025 | 19 replies
If you order the appraisal before the work is done, they will hit you with a deferred maintenance which means they can not offer a value because work is not done and now they will have to go back out there for a 1004D and it will cost you more money.In the BRRRR acronym, Rent does come before Refinance.
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25 January 2025 | 4 replies
Take pics of all the junk (I mean high class heirlooms, which is what you'll say in the ad) and put it on craigslist asking for offers.
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27 January 2025 | 2 replies
Hi, I just got an accepted offer on my first property (4plex) in Anderson, IN.
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28 January 2025 | 29 replies
Let's say 20%...now let's do the math:You offer $320k, 20% down is $64k so you finance $256,000 @ let's say 6%....you neglected to mention where this property is(!)
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7 February 2025 | 10 replies
Mainly because, while I think there are some that offer truly valuable information, you need to know where you "holes" are to make sure you are plugging those.
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20 January 2025 | 8 replies
Here are some top amenities that have proven to offer excellent ROI:High-Speed Wi-Fi: This is essential for both leisure and business travelers, especially in today’s remote work culture.