William Cain
Tenant Screening (Lease Defend)
11 January 2016 | 3 replies
(I know, but it happens)Analyze their credit report and if you feel comfortable, do a background check and make sure their criminal history checks out.Another key factor is employment history.
Krystle Padilla
Plano vs. Denton
3 September 2018 | 31 replies
The advantages of Denton County are:1) Lower Price Points than Collin County (Plano Area)2) Close proximity just west of all the private sector "employment boom" of Collin County3) Safety of Denton County4) Closer proximity to DFW International Airport when connecting 35E/Sam Rayburn Tollway5) Northwest of Dallas County and directly north of resources in the Tarrant County Mid-Cities (Colleyville, Grapevine, and Southlake). 6) Many of the purchase prices in Collin County (Plano) are higher due to the hype, but the profit margins are much slimmer when rehabbing properties due to the builds being fairly new.
Michael Fortier
In my 50s and just starting out, seeking advice
13 January 2016 | 20 replies
My age and other things out of my control have prevented employment for over 8 years.
Don Coumbs
Blue Collar or White Collar Landlord, Advice or Discussion
13 January 2016 | 33 replies
Can you get employment for double per hour (or higher) than you would pay the contractor to do all your work?
Ariel Cohen
Subject to FHA Loan
18 May 2020 | 6 replies
I know this is old... but...FHA is an owner occupant loan, yes... but only have to live there for 1 year.You just can't use another FHA loan while one is already in place, unless you have some sort of employment re-location letter.Doesn't mean an FHA loan can't be in place after 1 year seasoning period...
Rochelle Wilkinson
former handyman filing a workers comp claim question HELP
8 November 2015 | 13 replies
I also recommend EPLI (employment practices insurance) because it is very cheap relative to your exposure as an employer. 3.
Ed B.
Best way to structure a sale with only $5k down from buyer?
15 November 2016 | 10 replies
I want something certainIf people know up front they're going to lose their earnest money and they have twelve-months to get on the job of getting financingHave a mortgage broker prequalify the buyer before they move in increases the chances of them getting the mortgageYou can get more money by doing lease purchase as a seller without the risk of dealing with owner financing and getting an attorney to forecloseI think if your buyers agents would work with self-employed people that have large down payments meaning more than 3% for FHA and help them build a credit rating, they would have a good portion of their business doing well; they may even be able to get the commission upfront and wait for the lease purchase to finishAs sellers we all want top price and net the most amount of money, and It generally costs 10% to sell with real estate commissions, closing costs, and sellers' concessionsIf you help somebody buy the property, you can net more money using lease purchase
Bryan Patterson
Some financing advice
8 November 2015 | 7 replies
I'm employed now for 8yrs and I just started my paint business.
Scott Schaeffer
Getting started - Form a Inc vs LLC ?
10 November 2015 | 9 replies
One way will be wages, subject to self employment tax.
Gigi Michaels
Advice on Currently Held Properties
9 November 2015 | 3 replies
Both homes are in areas with stable employment for high income earners.