Purchase price: $85,000 Cash invested: $65,000 Sale price: $200,000 Contributors: Peter Vekselman Partner Driven and Seth Choate acquired a property on Highway 64 in Lewisburg, TN, for $85,000 on 07/22/2024.

The house is located by 410 and I10 highway close to the medical center in San Antonio area.

Is this pocket a value oriented area (most sq ft per dollar of rent) or will they care more about proximity to highways, retail, walkability?  

My question what is the best way to have outstanding debts reported to the credit bureaus? 

Follow the step for the deposit-even if it is to send a registered letter to their last known address stating that the deposit was used for outstanding rent and whatever damages or cleaning was needed (itemize it). 

In today’s market most homes will be worth more than their outstanding loan balance unless they are VERY recent purchases with little to no money down.

Hello Kyle,When screening applications for the properties that I manage, I always look for:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)I have found this screening standard very helpful when finding tenants who pay on time and treat the property well!

Think across the river or highway from the East End, or south/north of downtown in neighborhoods that have easy access to the city and walkable downtown areas.

Also, some helocs will offer Interest Only payments, some that go above 90% LTV may ask for 1% of the outstanding balance or 1.5% of the outstanding balance.

From the Great Recession to Q1 2022 it was easy to find RE that seemed very likely to produce outstanding return.