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12 July 2024 | 9 replies
6 properties over 6 years is impressive.If you continue on this approach, you may be able to do better than 1 property per year if you make more money with your employer and are generating cash-flow from your renttal properties.Why switch strategies if you have something working for you?
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12 July 2024 | 7 replies
Trouble is that I don't yet have long-term employment in place (just moved to the area a month ago).
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11 July 2024 | 6 replies
I have not had Voucher tenants before, I am thinking about asking double deposit as they are not making employment and salary criteria.
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10 July 2024 | 6 replies
So I put years of work into renovating a couple run down buildings to provide apartments for people, did all the work myself and then was laid off my job.Since then I've been pursuing this dream of being self employed before its all over.
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10 July 2024 | 2 replies
We tried to get info on the lender to ask directly but they wouldn't give it to us.I would have thought this would be a relatively quick process to do a credit check, check debt to income, employer verification, etc.current loan's interest rate is very low so they definitely haven't refinanced anytime recently.Additionally, having never assumed a loan before, anything I should keep an eye out for that might cause a hiccup?
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12 July 2024 | 13 replies
@Tanner Lewis W2 was more in reference to your full time income regardless of whether it is 1099, self employment income, etc.
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12 July 2024 | 14 replies
Also, no "company towns" like Flint, Michigan or Gary, Indiana where a single employer can pull up shop and the town no longer has an economic driver.
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9 July 2024 | 7 replies
I manage large commercial and industrial properties now for my employer, I am a facilities manager for a large utility company in my area.
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9 July 2024 | 5 replies
I'm keeping a couple free checking business accounts; I'm a self employed web developer so that has its account and then the property investing, the other account.Yeah, fees suck and I had a great blowup with my local bank where they charged me 28 bucks because they couldn't get their deposit dates straight.
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12 July 2024 | 17 replies
Source: WikipediaIncome persistence: You need a rental income that will last throughout your lifetime, which requires your tenants to remain employed at similar wages.