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28 June 2022 | 13 replies
@Theodore Arzt I can't answer about this specific individual but I can tell you I have rented to people with felony convictions before and they were fine.
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24 October 2018 | 16 replies
Normally your attorney will provide you a specific guidance as to the expectations of it.Happy to chat more offline if you have any additional questions.
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22 October 2018 | 14 replies
I've had a few discussions about the best way to create a plan in order to "snow ball" your way to owning many REI properties (buy and hold for rent).After Googling around and even reading blogs on this site, I've thought about doing something like the following:Buy my first rental property (SFH) with cash (around $60-70k) where I'd expect about $500 cashflow per monthCurrently I have about $105-110k available (after taking out an emergency fund)Then shortly after, buy my second rental property (SFH) but take out a mortgage and put down around 25% on a $60-70k houseThe cash flow on this property specifically would likely break even (at or near 0) but this would be on a 15 year mortgage and I can use some (or most) of the cash flow from the first to help pay down that mortgage faster, along with my corporate job monthly savings tooI feel I could pay it off anywhere from 5 - 10 years depending on the exact strategy If/When I get the 2nd one, then shortly after that, try and get a 3rd SFH rental property and continue this snow ball effect to build up by rental portfolioObviously this is easier said than done, along with risks and I honestly do not have any real experience with rental properties as this is my first time diving into this type of investing.My main questions would be -- Has anyone done a similar strategy to help build their portfolio quicker?
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14 October 2018 | 2 replies
I've read that you can only have one FHA loan at a time but there are a few exceptions (specifically around job re-location).
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15 October 2018 | 3 replies
If you have specific questions about property management, I'll be happy to help!
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15 October 2018 | 24 replies
Louis County which has been in the crosshairs of county government for several years, specifically targeting landlords.
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17 October 2018 | 23 replies
A simple umbrella policy often doesn't properly cover you, especially since many (if not all) of these policies have specific exclusions for cannabis.
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15 October 2018 | 2 replies
They lend based on the project financials.They can provide you with a letter about proof of funds for the specific project.
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14 October 2018 | 4 replies
The specific situation is that an inherited tenant moved out at the end of their lease.
16 October 2018 | 5 replies
I know other's break it down differently, but if you want more specific stuff feel free to PM me.