Bilal A.
Security deposit and Pro rated rent
When buying a rental property, do you put a clause in the contract that collected rents will be given to the buyer at closing in a pro-rates fashion? Also, what about security deposits? Or is this part of the usual cl...
Adam Hurst
Can I ask for proof of income?
I got this application. I can’t imagine an adoption subsidy that is $10k per month. Can I ask for proof? A few other red flags but this is the main one. It puts this applicant at 6.7x rent. Rent is $2150.
Account Closed
Do you trust the rent rolls from the previous landlord?
I'm just starting out. I have an offer on a duplex. I'm set to receive the rent rolls and lease agreements. What steps did you take to verify the information? Did you bother with estoppel agreement?Were there other s...
Diana Rivera
Non-QM vs Hard Money loans
Hi everyone! I’m looking into loan options. I just got off the phone from speaking to a lender. I don’t qualify for an FHA or regular conventional loan due to the fact that I did a short sale in 2016 so I was asking h...
Nicole Dechow
Tenant screening Landlord Reference
We are collecting references from landlords for a tenant. We think a previous landlord was also a friend that let her live there. She has no other rentals this landlord and it is the only address I can find for her....
Cara Fazio
International Student Tenants
Interested how others would handle this type of perspective tenant. My property is very close to a university with a large amount of international students. I was contacted by a perspective tenant who said they were g...
Bill F.
Accredited Investors status and Series 7, 65, and 82 licenses
A friend mentioned that earlier this year the SEC changed the way it defined who qualified for Accredited Investor status. Now if you hold a Series 7, 65, or 82 licenses and are in "good standing" that you meet the st...
Joe Norman
Minimum Tennant Qualifications
Hey all, I've got a duplex in Perry Hall, MD (just outside of Baltimore) that I'm getting ready to rent out. I am considering managing it myself and I figure I need to set minimum standards for who I will rent to (in...
Buyan Thyagarajan
Best practices on purchasing properties from wholesalers
Hi Guys,I am in the process of working with a couple of wholesalers and plan to purchase properties using BRRR. This is the first time I am dealing with wholesalers and would like to know if there are best practices o...
Charles D. Smith
Due Diligence: Verify and Validate Operating Expenses
In today’s environment where prices are high and achieving targeted returns has become increasingly more difficult, every dollar saved is important. Investors should put a heavy emphasis on understanding all opera...