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13 October 2018 | 3 replies
Should I just get one of the posters electronically and include it as an attachment to my tenants?
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14 October 2018 | 11 replies
For example I see "rent to mortgage comparisons" that don't include pointing out that a 30 yr fixed payment could be higher than comp rent today but what about after 5 years or more of rental inflation?
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22 October 2018 | 14 replies
Methods I have used include:- House hacking - I lived in one unit of a 4 plex I bought using an FHA mortgage and 3.5% down payment- BRRRR investing - I bought a house in rough shape, rehabbed it, did a cash out refinance, and rented it out, and repeated- I bought a single family home, lived in it for 2 years then turned it into a rental- I took three loans over the years from my 401K for the down payments on 3 of my houses- I bought a 4 plex non-owner occupied using a conventional mortgage with 25% down, but over the course of 5 years it doubled in appraised valueI have one property with a 15 year mortgage and I break even every month with rent.
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14 October 2018 | 6 replies
You can use Cozy or your state LL association for background checks, credit reports, and docs. including leases.
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15 October 2018 | 24 replies
Louis County (including Ferguson) that offer good investment opportunities.
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14 October 2018 | 1 reply
You have seven points here that include, by my count, at least 28 questions that need to be answered in this post.
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13 October 2018 | 2 replies
I have entered estimates for repairs and will possibly begin an offer at $105K.Here is a link to the Google photo album of the interior of the house - https://photos.app.goo.gl/mMoCL5Erq4hcqAdP9The figure for Plumbing is for each bathroom (2 1/2) as a full remodel.The figure for Doors includes reframing with lumber and doors throughout the house and windows, which also includes drywall, mud and other appropriate items.The figure for Cabinets/Countertops is for an entirely new kitchen with appliances.I appreciate your feedback.
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13 October 2018 | 0 replies
Closed on my property yesterday, received my final closing documents today and I see that lender wire me more money than expected, turn out a part of my seller credit to buyer is not included.
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14 October 2018 | 7 replies
There is risk involved with everything, including walking to the local deli for a sandwich on your lunch break.
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14 October 2018 | 4 replies
The tenants esstopal letter should have included that information.