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I am currently working on a deal to acquire my 2nd rental property and my first with a partner. The way we have it worked out right now is that we are starting an LLC as 50/50 partners. He is going to put up the money...
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As an LP, how should I compare the track record of a sponsor that began with experience in the market prior to the Great Recession and weathered the storm vs a sponsor that spawned post 2012? How much credence do you ...
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I have a set of applicants that are a couple moving in together.
Applicant 1 has a 773 credit score and can easily meet the 3x rent income on his own. Librarian for the city
Applicant 2 has a 561 credit score but ...
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I have a question regarding credit checks. I am a renter. This is a position that we are, unfortunately, stuck in for at least a few more years before we will be able to purchase due to past credit issues. We ...
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I'm considering buying a new home and keeping my current house as a rental property. Last year I re-financed this current property into a 15 year fixed rate mortgage at 2.875%, which I love. Monthly expenses (PITI) ...
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So as I evaluate multi-family properties in areas that I would like to purchase, it always seems like they are WAY overpriced. Maybe I am doing something wrong, so I am looking for help.
Here is an example pr...
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2012 my seem like a long way off, but 28 months isn't that far away. This Business Week article is a couple months old and it predicts a couple more down years followed by a return to normalization. Of course it hed...
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I wasn't originally intending on going down the path of investing in weekly rentals nor new constructions, but I found a new development that my wife and I see a lot of potential of appreciation with the ability to ca...
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So a college friend asked me to do her a favor. She has a house that she's upside down on here in Virginia. It needed a lot of work done. I fronted the +3k in supplies and labor and got it back up to an inhabitable st...
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I'm asking these questions now because I've learned to ask questions from those who have been before me.
To not monopolize your time I'll cut to the chase.
Personal:
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