Aaron Yates
Condo Comps?? HELP Please
New territory for me. Found it by accident and fits what my daughter needs for a living situation.
Its a 1 bedroom condo for sale. Just under 700 sq.ft. It's an old apartment complex converted to condos.
Older gent...
Maura Paler
Conventional Loan - Apply to 2 Banks?
We are in contract for a single family investment property (vacation rental). This is our 4th VR investment property, will be our 3rd mortgage. We have been pre-approved by one bank (which is no guarantee of a loan we...
George P.
When you know the person won't qualify but...
When you know the person won't qualify based on what they told you (credit) and you explain the application/prescreening process explaining this will be an issue, but they want to go ahead and submit an application an...
Brandon Turner
Landlords: Are YOU breaking the law?
http://business.ftc.gov/documents/bus49-using-consumer-reports-what-landlords-need-know
Hey everyone,
So I read this online today, and am wondering if others are properly following the law when screening tenants? I...
Jeff Melby
Should I sell our only rental and start over?
New member and new investor here!We moved from CO to FL last year and are currently renting our CO home. It’s currently in it’s 2nd 1 year lease. It’s in a great market for renting and real estateWe have a significant...
Patrick Britton
Need to reduce closing costs (Chicago purchase)
I have bought a few rentals in the Chicago area and am put off by the considerable closing costs, especially from the title company. I'm looking at something right now and the down payment is $18,000 (20% down) and t...
Brant Holloway
Credit and background checks
Just purchased my first two properties with in one week of each other. Close on both this coming week so I'm wondering what everyone is using for there credit background checks that are free or purchased. And what's m...
Renee Lee
Reserves for job lay off & rentals....
I have three rentals with a mortgage payments, plus my own primary residence. I have another property free and clear. I have four months worth of reserves for mortgages. BUT I fully expect to be lay off from my job. T...
Spencer Krautkramer
Pulling Permit as Homeowner
If you pull a permit as a homeowner for a project, since the permit is in your name and you're liable - if the contractor doing the work gives you their certificate of insurance is there anything else you could be on ...
Jeff Oberts
BRRRR private money question
Hello, how are private money lenders typically repaid for a BRRRR method transaction? Example: our lender is providing us with $40,000 for the purchase. How (term, rate etc.) would they typically be repaid if we plan...