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24 October 2018 | 5 replies
Haven't fully signed up yet (still in the process) but check it out and let me know what you think!
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15 November 2018 | 16 replies
But a 1 year lease is common in my area, and hopefully the screening process is what gets you "mostly" very good tenants.
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15 October 2018 | 30 replies
Your best bet is to have your agent recommend a legit lender....require buyers to meet Their preapproval process (a real one, tax returns, pay stubs, bank statements, etc)....they don’t have use your lender for the loan, but meet their preapproval standards.
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11 October 2018 | 1 reply
This process gets me lots of sellers.
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11 October 2018 | 2 replies
Here is what the numbers came out to:$50k unsecured loan at 8% interest from Huntington BankPurchased property for $40k- used the remaining $10k for repairs (repairs should take max of 2 months)Rent house out after repairs are done for $900-$1,000 per month ARV of property is $60k53rd Bank offers 90% LTV refi after 6 months seasoning and $195 processing fee at closing- Refi property for $54k on a 30yr mortgage at 5%Mortgage payment including taxes & insurance= $436/monthCashflow= $900 - $436 = $464 gross cash flowRemove 20% for cap ex/vacancy/other expenses (round up)= $100Net Cash flow= $364 monthWith the 90%LTV refi I am able to get my initial $50k back from the unsecured loan plus $4k.
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11 October 2018 | 1 reply
Very polite, proactive in the application process, had good references from previous landlord, has good/stable employment, and when I looked them up on Facebook their information matched everything on their application.Unfortunately, they are not able to complete the screening due to a complete lack of credit history (young applicant with no credit cards or, evidently, student loans).
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31 October 2018 | 5 replies
Take cash and start BRRRRR process (read up all you can on BRRRRR).
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18 November 2018 | 19 replies
This process uses "propositions" on the ballot which are just numbered.
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1 December 2018 | 16 replies
The process to wealth is typically very slow, but steady.
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11 October 2018 | 0 replies
Hi everyone,I'm in the process of analyzing deals for small multifamily properties and I'm wondering whether, in your experience, rentometer was accurate for 2,3,4 unit properties?