It's in a smaller market, but limited competition so the feasibility study that was conducted came out good along with the pro-forma.  

Any lender must be able to trust you, they rely on your management skills to conduct business, if you fail at that they have a potential loss.How do  you gain trust and confidence in others about your ability?

Hi Everyone, So I have completed my first step on purchasing my first property, and have been pre qualified for a traditional low money down mortgage here in Vancouver Canada. My budget currently is $400k, which in Va...

How would you conduct a background and credit check on a foreign citizen.

If the mailing address is the same as the property address but the home is clearly abandoned, you will need to conduct a skip trace to find updated contact information for your prospect.

How would you conduct showings and move-ins?

ZACKERY - When you say the partner will put the down payment money and presumably secure financing (bank, Hard Money, whatever), and conduct necessary repairs/improvements and you are agreeing to pay back the ENTIRE loan amount AND his his down payment (i.e you are gonna buy the property back from him at the price he bought it for today in 5 years ??).  

It would seem odd to have an appraisal conducted after making an initial offer.(2) Relatedly, when should I have the property/home inspection performed?  

So, I wonder if I should set up Texas or Wyoming Series LLC for holding the rental properties and then set up a Washington State LLC for the operating side (conducting rental business).  

This means we definitely conduct formal background checks with credit scores and criminal histories but we also factor in their personality, their sincerity, their facebook account activity, and we go through references with a fine tooth comb.