I'm considering converting my unit to a furnished short or medium term rental. Like all of us in Houston not directly in downtown/midtown, there's not much in the way of walk-able attraction which is unlike AirBNBs I'...
CONTEXT-(30k in credit card debt, split between 4 cards, mostly in charged off status)
(one vehicle loan that was charged off, is now caught up to current, not paid off, 50k original loan amount)
(some card companie...
I’m under contract for a condo for STR and I underwrote with a typical mortgage but my lender just came back after my initial approval to tell me that as of Jan this year Fannie and Freddie now consider the developmen...
I messed up. First rental and first tenants, I screened for 3X income to monthly rent, above 600 credit score, passed criminal history, no evictions, landlord references, proof of income etc. etc.The only issue is, TH...
I have an applicant family for one of my rentals. I've been following the 4 criteria. - 3x rent < income- Good references- clean background- No evictionsSo far, the wife passes all criteria. The husband though has...
Hi all,First of all - big thank you to the BP community. The knowledge I've gained so far just by lurking has been invaluable. Apologies for the lengthy post below, but wanted to include as many pertinent details as p...
I have a unit for rent and I got the following from prospect tenant's agent. Please advise.QuoteI have a mother and son looking to rent. Credit is shot due to her getting hurt at work and major problems with workman's...
I am planning to become first time investor with rental property. I am looking for something in Indianapolis or Florida. I have 2 questions:- In Indiana there are some areas like Marian-cold spring, southside, eastsid...
My tenant signed her one year lease in August 2019, set to expire August 2020. In August 2020 I asked if she'd like to continue living in the residence on a month to month tenancy and she agreed. I should note that sh...
I have a landlord in Wichita Ks with health problems looking to sell his 9 duplexes. Looking for a hard money or other creative funding for a buy and hold. Any suggestions?