Hi All,I have a rental applicant whom I would like to place in one of my shared housing rentals.We strictly require all applicants to undergo a credit and background check. We feel that performing this step is particu...

I submitted an offer of 155k on a FHA property two years ago. During the inspection, they found an underground oil tank with contaminated soil on the premises. The seller (FHA) agreed to remove the listing and remove ...

I just laid off my job a week ago. I’ve been in and out of REI in the past, and now ready to pursue my passion. Step 1, find abandoned house. step 2, find owner, somwhat’s next? I’m looking to get into wholesaling, wi...

My property manager uses Appfolio. When I receive my rent payment each month, it’s put into my account as a single deposit. This number consists of the combined rent for all of my properties. It is also net of all exp...

Hi All,
I am about to purchase a 2-unit property in Chicago for 100k. It is an REO so I am not getting good responses from the seller. Here is my concern:
The property is already rented. 
a. The seller says one of ...

We recently purchased an 8-plex and the tenant info the previous landlord collected is spotty. Would the best move be to have all tenants fill out an application? That way we can get the info like drivers license numb...

Hi, I have this single family home in Jacksonville Florida trying to sell it with owner financing. I structured that the monthly payment should be the same as a rent payment. I've advertised on Craigslist, Facebook, Z...

Hi all, I have a tenant requesting a 60 day early termination clause be built into her 12 month lease. I am applying for Helocs and am concerned this may affect the loan process in their determination as to how much t...

We had a nice couple applying for our SFR. Everything looks good except they don't have SSN yet.  So I could not run their credit reports. The couple originally comes from Australia and works for a big international c...

Hi all,
I am in the process of choosing a bank for a multifamily property in Rhode Island. Does anyone have any recommendations as to which banks/credit unions might be best. Are there certain things that a new inves...