Hello bigger pockets community my name is Emmitt I just recently bought a trailer house that I want to rent out but it needs repairs before it is rentable.

I will need to use some creative financing or lender as my credit score is low (620) and my current house has about $250,000 of equity in it which the banks won't lend as I have a $45,000 lien on my house due to my city repair program that I enrolled in to help me with some of the repairs to the house and also because my credit score is so low.

I run a business doing minor renovations, repairs and maintenance and I will tell you if I had a dollar for every time I heard about a contrctor who did poor work, never showed up or took the money and ran I would be a rich man!

A keen understanding of property valuation, repair costs, and potential profit is crucial for effective negotiation and staying organized in this fast-paced environment ensures smooth deal management and maximizes your success.

@Sainath Muntha the reason a PMC can make or break your business is because while most PMCs offer the same services, how they execute those services varies greatly.Don't shop on price as you'll get exactly what you pay for when you go cheap.

You should never be getting more units when your "old" units or held ones aren't running at full steam because then you are spending repair money on a new project and won't have it for the first one.

Buyers must adhere to specific guidelines and deadlines, and any errors or omissions in the bidding process can result in disqualification.Potential for Hidden Costs: While HUD homes may be priced attractively, buyers should be aware of potential hidden costs associated with repairs, maintenance, and renovations.

Before I knew it they were taking advantage of my kindness and have started doing spiteful things like parking his truck under the basketball goal he told my son he could use so he can't play because i don't have 5,000.00 dollars to cut a couple pines that are completely healthy becausethe wind uprooted and fell on his pole barn it barely damaged i told him i would help pay for repairs intill they sent me a bill for almost 6,000 dolars and told me they fixed it cheap and it still didnt look as good as it did before.

Answer: Bigger pockets book and podcasts are packed with great info for those just starting out. and then these forums are great too.I live in and service the K.ansas City Metro in MO and KS.

I've had something similar happen to me,not with a rent payment but payment for snow removal service. the customer generated the check through his online bill pay and the money was deducted from his account but the check never made it to me.