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I know there are a variety of screening practices used by landlords and property management companies. Personally, I follow this standard for every application I receive:
- Income of at least 3 times the monthly rent...
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What are some lessons y'all have learned from your rentals that you think nobody should make? Best things to put in your leases?
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Property appraisal value: 265K
Borrower's down payment: 79K
You 1st trust deed: 132K
Seller: 2nd trust deed: 70K
Two year balloon
In addition to the high combined loan to value, what e...
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Hi there (new to BP here),
Anyone do section 8 rentals in Detroit, MI? If so, does anyone use PM to manage the properties?
Soon, I'll have some capital to invest in RE. Been really interested in investing in prope...
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I have 1 property which rents for an above avg $1275/mo, SFH, tenant pays all utilities, yardcare, etc. We did a full reno 3+ years ago and have a mtg so cash flow is only about $450/mo. So far we have had 3 tenants...
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So I have read in many places and discussed with many attorneys about the 30 - 90 day anti - flip requirement for short sale acceptance.
However, has anyone ever bothered to question the banks legality for requiring ...
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Hey BP,Some of you may recall my rant about legal structures and advice from pros in a post a few weeks ago. After reading all the constructive, helpful comments and processing the frustration of working through every...
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I recently watched a video of Grant Cardone predicting that when all the baby boomers die off there will be a large surplus of houses which will drive down prices across the board. You hear a lot about shortage of hou...
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I’m looking at some options to bring in more rental income for some clients while reducing some risk. What are some typical rates one would charge an arbitrageur looking to rent a space out for AirBnb. Let’s say for e...