Tom Server
Credit score different
So I always thrived on having good credit.. I use credit karma and I go to the major company sites to view my score. I applied for a mortgage for SOFI they sent me a letter with my credit score got sent. My credit s...
Petra M.
How to deal with rental repairs - quotes, etc.
AC unit on one of my out-of-state properties went down. How do you deal with getting multiple quotes from vendors? Do you ask your tenants what times they are around and then have a few vendors come by and give you ...
Shawn H.
Tenant approval
How does everyone review/approve tenant applications? Is it more acceptable to approve on a first come first serve basis, or wait for several applications and pick the most qualified? Also, does everyone call each ap...
Keith Schulz
Business Credit
I currently have an LLC set up. Although, all my financing in the past has been in my personal name. I'd like to get to the point where I have enough business credit to finance rehabs.
In any case, I'm getting prequ...
Anthony Bielecki
Cosigning a mortgage with a family member
Hello,My brother and I are new to real estate investing and looking to purchase a multiunit investment property together. We have saved up enough that together we can make a 20% down payment. I have a decent credit sc...
Dale Johanssen
Lender Credit Closing Costs
Hi all, need help in deciphering the closing disclosure. It always confuses me. Here lender is telling he is giving me credits about 1800. He says it is spread out between multiple items. He is saying my total origina...
Jeremy Rachesky
Denying a potential tenant
Do you have to tell a potential tenant that they are being denied after they filled out an application? Or can you just not contact them? Just of the mind that the less contact the better in this litigious society. ...
Jeffrey Gonano
Understanding Pro Forma Cap Rate - Using Rental Property Calc.
I'm having a hard time understanding the Pro Forma Cap Rate in the Rental Property Calculator. I have a property that I'm looking at and the pro forma cap rate comes out to about 8.26% with my after repair value at $...
Trailson Moore
Picking between multiple qualified tenants
When all of your criteria is met on multiple applications how do yo go about picking the right tenant? Or telling a qualified tenant you are going with someone else?
Alan DeRossett
fruit tree Tax exemption
In California more then 5 fruit trees is considered a Orchard for tax purposes, I can get the Orchard Tax exemption for first 4 years after planting. has any one tried this with multifamily properties? I know of singl...