Hello BP,This is my first post 😀I am planning to purchase a college rental property by the University of Minnesota (likely on the east bank/Como area for Minnesotans). I will be partnering with one other guy on the de...
What financial qualifications do you consider when evaluating a tenant? Minimum credit score? Income multiplier (compared to monthly rent)? Debt:Income ratio? Other?
"We have had a few interested tenants visit the property on Mulberry. They have 2 young children, no pets, and are relocating. Their credit scores are 554 & 715. No criminal history. No eviction history. She makes...
Hi Everyone, I am a newer investor looking to grow--both in the way of deal flow and in connections. I am resident of New Jersey and bought my first 4-family (in Somerset) last year at 22 and was initially excited to ...
I want to start this discussion by introducing myself as a new RE investor in the multifamily space. Its important you understand my background to know about this deal. In the last 3 months I have gone from 0 units t...
I've primarily used Postlets as a way to syndicate my online marketing of properties for sale and rent to most of the other real estate websites. With Zillow effectively changing the process, does anyone have any sugg...
Currently my wife and I own 3 properties. One is our primary residence with about $50,000 equity. Another is a duplex that we rent out both sides with about $650,000 equity and a 4.79% rate on the mortgage, the thir...
Hello everyone,
I just started and I'm still in my education phase but I truly believe that professional success hides in specialization: once you've become the best in one niche (you'll never get there, but trying w...
My brother and I are looking to start 2018 with a jump into real estate investing. I started off by reading real estate books. As i got more and more familiar with the industry, I decided to take a course and take my ...
Hello BP Community! I am looking for some insight.We are getting ready to rent out our first unit to long term tenants! We have listed a 2/2 home for $1200, and today we set a physical appointment with some intereste...