Manoj N.
Renting to a person who is likely to file for bankruptcy
I have an applicant - a nice family - who applied for my house. Their business went bankrupt in 2007 (filed for a bankruptcy then) and their second business also went into debt due to non-payment from clients 2013. C...
Jeff Kosmicki
Buying the duplex next door
A little history... In May of 2015 we bought our first home, a duplex that was a foreclosure with a 203k loan. We did some rehab and we are all in for 120k. We live in one side and have the other rented for $765. Bas...
Lisa R.
Looking for advice on financing options
The options I'm considering are bank financing, HELOC, private money lender, and/or seller financing if that were available in the deal. At the same time, given our inexperience, the idea of partnering with someone w...
David Stone
Deny applicants because ONE doesn't fit minimum qualifications?
Hi, I have a couple who applied for one of my units. I have not had the best gut feeling about them from the beginning. After running their applications (background check, credit, etc.) everything has come back satis...
Jasmine Wilkes
what now
I paid cash for my house in march.. it took all I had and im broke now and poor credit but I want to invest real bad cause I know once I start I will be great. Idk what to do next, how do I get private funding? Do ...
Anna Catron
LOW RENT BACKGROUND CHECKS
We have 2 homes that rent between 1400-1600 and we do the full background/eviction/credit checks before they fill out the application. Do you find that deters lower rent clients? We're looking at a triplex that woul...
Frank D'Amato
What would you do in my shoes?
My first post!
My experience:
Fix and flipped sfh in 2012. Made 27k, ~25% ROI.
Fix and Flip sfh in 2013. Made 7k. ~5% ROI.
Bought a rental sfh with two partners in 2013. Earning ~13...
Edward Robles
I’m 19 in Nor Cal looking to get started using BRRRR strategy
I have a full time job as a dental assistant making around 35k a year after tax with 0 tuition debt, 0 credit card debt with 740 score (been building credit almost 2 years ) , no car payments, pay a rent ($400) to my ...
Kevin Jorgensen
Wise to HELOC to start out?
Hello,
Would it be wise to use a HELOC to buy first rental properties?
Or do I just leave that alone and try the often suggested little/no down payment model?
Also, from what I can tell my area is poor for rentals...
Tyler McKendry
Investing Strategy/Financing question
Hey everyone,I'm getting into real estate investing. I want it to become my primary focus and my primary source of income over the next few years. I have about $100k-120k in cash available for investment. I have good ...