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So would you rent to someone who says he will show us his disability income through his bank statements? He has no job at the moment due to his hip surgery but if gets better that he will. How to go about this?
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Hi all,
I recently made the jump to being a landlord and I'm having some trouble getting off the ground with tenants.As of today, the house has been on the market for 43 days and I've reduced the rent from 2800 to 25...
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Hello BP,I have been lurking on BP for months reading posts and listening to podcasts, Studying real estate reading books. I worked on my credit (743) and obtained a second job. I also obtained a partner from work tha...
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I have (2) prospective tenants for a property of mine. One tenant works at a restaurant and the other at country club. Both tenants claim that most of their income is cash and that they can not meet my minimum require...
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Im beginning to look at listings with my agent and I was wondering if I could get some information on specifics order of financials and documents that are required in the first stages of analysis process.
For exampl...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $106,000
Cash invested: $5,000
In need of moderate repair and submetering, on minor foundational issue. Outs...
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I have lots of experience with single family homes but I'm looking at my first multi and I needed help. It doesn't have any deferred maintenance and looks nice. Gross rents are 40,800 which is about right. 4 units all...
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Got a call today from a girl interested in renting an apartment. She said she wanted to come see the place. Also said she wanted to be upfront about her situation. Said she has begun the process of bankruptcy. Her...
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I am 19 years old and I’m about to buy my first rental. Looking for tips and help to add another property!
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The cashflow is negative after the refinance so i realize the numbers would need to be renegotiated. Using the BRRRR rental calculator, I am trying to figure out what the cash out would be? The report is below. The...