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18 February 2019 | 6 replies
And even if the person was moving from out of state and could not come to a showing, I'd still need to facetime or skype a showing and thus virtual-meeting in advance.As for credit score, I well know that this is not always an accurate indicator of a potential good/bad tenant, as I myself once had a below 600 credit score when I was a tenant (caused by a number of factors none of which having any real relation to my credit or tenant worthiness) - as I've always been employed, never paid rent late once in my life and have always gotten 100% of my security deposits returned from numerous apartments before I became a landlord myself.More than some arbitrary score, I care far more about how long the person has been on their job as long employment history shows some ability to follow rules and live up to expectations.
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19 February 2019 | 6 replies
Yea that’s my opinion too, plus Exiting from properties in war zones would be difficult
19 February 2019 | 4 replies
Properties in war zone would give you the desired cash flow and return but should not be your first deal.
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19 February 2019 | 3 replies
There are numerous individuals on here that have examples of one's.
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26 February 2019 | 20 replies
There are of course a ton of factors, and maybe he would say the exception to that rule would be if it were your primary residence, but still something I'm having trouble wrapping my head around.Outside of my internal tug of war, if I go back to thinking conservatively, it seems as I've got a pretty clear idea of what I need to do with one or two decent choices, without of course bringing in other alternate options like private/hard lending which hasn't even been part of this conversations thus far so I'll leave that out of this thought process.1) Stick to my original path of paying my current mortgage off on my primary residence, use our savings to renovate the kitchen/bathroom, then simultaneously keep a look out for a great deal to put my remaining savings towards a 15% down payment on a HomeStyle loan and proceed as I had envisioned.
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22 November 2019 | 5 replies
I have talked with more than a thousand investors about numerous platforms, and there have been some stories about deals on RM that have gone bad.
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27 February 2019 | 7 replies
I bet a lot of Chicago landlords would love a bit of control and certainty over their property tax increases...which rent control generally provides.There is certainly no shortage of rich landlords in NY, SF or any of the numerous cities with rent control.
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26 February 2019 | 15 replies
That is why we decided to go big and launch our first Regulation D, Rule 506(c) fund for accredited investors so we can purchase them at better prices and escape the retail bidding wars that have caused most of our bids from last year to not be awarded.
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23 February 2019 | 5 replies
Once it is fixed up, the could also place debt on that property and build up their war chest.
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26 February 2019 | 7 replies
Since then I've been educating myself through numerous books and podcasts.