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30 September 2016 | 24 replies
There have been 3 major developments (easily 100+ units each) that have gone up over the last 2-3 years with more phases rolling out soon.
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14 October 2016 | 22 replies
I have a relatively good credit score (780) and 20k in student debt. a good.
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3 October 2016 | 6 replies
the biggest issues are that the available tenant base drops dramatically around October and doesn't pick up again till the end of the school year.People are no different than animals in that regard.They want to be settled and hunkered down in a property before the school year and/or bad weather starts.Quality tenants with good financial backgrounds don't want to move their families in the middle of an icy,snowy winter for obvious reasons,and good college students have already started school in August.Many of the few available tenants will have questionable backgrounds like recent job loss,previous eviction,bad credit,difficult income verification and don't make 3 times the rent,criminal records,etc.
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29 September 2016 | 16 replies
Talking to the home seller is a most critical skill, see my BP blog "Make money without banks or credit" for how to talk to sellers.
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1 October 2016 | 5 replies
Want to get feedback from the group.Here are the community statsMetro pop 280,000, up 12%since 2000, up 25% since 1990Unemployment 4.8%Median family income $53,000Median home price $101,00022 lots, 19 tenants, no POHAvg rent is $197, avg market rent $214 Rent includes city water, private septic, trash, lawnEstimated expenses are 49%I got a quote to sub-meter and requesting a $10,000 credit at closing so I can get that done when I purchase.
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27 September 2016 | 5 replies
You could prescreen them, but most people aren't going to pay application fees or allow you to run credit, etc without seeing the place first.
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23 January 2017 | 10 replies
Put the signs up at major intersections in your area.
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27 September 2016 | 0 replies
I know with my credit history I can get a great rate, but in order to do that I would need to have the property deeded to me.My question: In order to get the best rate should I have the deed contain only my name as the sole owner in order to get the best financing?
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28 September 2016 | 3 replies
Hello all,I'm looking for areas of Fort Worth to invest in buy-and-hold properties, but there is a tremendous amount of competition and I have lost out on several properties with multi-offer situations despite having perfect credit and financing in place.
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28 September 2016 | 4 replies
Great cash flow and good have good credit.