Joshua Ferguson
Wanting to start in rental properties
Hello all,This is my first time here and I’m currently working on paying off all my debt (plan to be finished April of 2020) after that is done I’d like to purchase our first rental property.I’m wanting to use this ti...
Jim Growfer
For a quick analyzation of a property, is this right?
I've been using this as a filter to see if a property is worth looking into further. Is this accurate?I look at the Gross Income and then do 50% of that to = NOII look at the purchase price and do 7% interest to figu...
Caleb Campbell
Credit report question
Hello, I have a question about a potential tenants credit report, from Zillow Rental manager and Experian. The credit report results for this potential tenant and her fiancé came back with N/A for on time payments and...
Chasity Jones
Real Estate Investing to pay off student Loan Debt
Hello, I am a middle school teacher and have always been interested in real estate. I have almost $100K in student loan debt. I WILL NOT be paying off student loans all my life! I have a plan to flip houses during my ...
Adam Uxley
Pay house off, rent, and repeat? Or dumb idea.
So very interested if I should just pay off my house, rent it out, pay that off then continue process over and over. Big advocate of Dave Ramsey for the most part with the getting rid of all debt. Would this be a good...
Zechariah Gawthrop
How much do people want to pay for their next investment property
Hi everyone! I'm curious as to what people's thoughts are as to what they want to pay for their next investment property. Do most look for properties under 200k? 200-300k? I know there is a lot of factors which play i...
Patrick Rose
How do I evaluate a cash-only applicant?
I have an applicant that only deals in cash. He's a bit paranoid about the banks, doesn't have much of a credit history. No credit cards. No debt. But has lots of cash. I'm trying not to be blinded by the cash, s...
Neil L.
Mr. Cooper / BofNY Note Purchase Suggestion?
We are working with a SFH seller who hasn't made a mortgage payment in 7 years. His arrearage exceeds his principle balance on the loan. The mortgage company just won't foreclose on the house because they know it will...
Tiara Murray
What am I about to get myself into?
So as we all know, this is an absolute great time to get into real estate. However it is the worst time to get financed. I've studied the industry for about a year or so now and I am ready to make the leap and purchas...
Maurice Stewart
New Rental Property
If I purchase a new rental property (duplex) with a mortgage. Do I still use the 50% rule and 2% test to analyze it?