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My tenants of 3 years will be moving and I will be going through the application process again. I was thinking that I would begin to process the basics of the applications first : verifying employment, income and pre...
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I'm considering starting a serious wholesaling campaign shortly, but I'm starting to get the feeling that the wholesaling market is a bit over saturated. I'm in Southeast Michigan (Detroit area) and am on multiple who...
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Can anyone explain to my why it's so important to worry about cash flow or cash on cash ROI when you have a property with an excellent cap rate? Why should the initial returns matter so much to buy and hold investors?...
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Hi BP!I'm curious about your thoughts/recommendations here...I have a 2 bedroom unit with two tenants with declining health. I mention this only to say they are relatively high maintenance. I'm averaging at least 1 c...
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Hello BP,I'm new to all of this but I'm looking to jump in. I've always had the itch to do real estate and now I believe its calling me but just need to get started. I appreciate all the help and advice any of you cou...
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How does do it typically take to get your appraisal back and how did you respond to it if it was unfavorable(more than 10% off a private appraiser)?Context, I got a private appraisal(favorable) and it was back within ...
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Background: I am in the process of buying a business. The business purchase will be funded by an SBA loan and is in the same industry that I already own another business. I am very comfortable operating in this space ...
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What's up, everyone, I'm a complete novice who has been bitten by the real estate bug, igniting a serious interest in this business. I've been reading, analyzing properties, listening to podcasts, and talking to peopl...
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I have two approved applicants for my property and i have required a double security deposit (two month's rent, totaling $3,800.00) due to lack of rental history and one of them having some delinquent credit history. ...
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What is the general rule on the minimum salary someone should make in order to qualify for a rental? For instance my sfh rent would be $800 per month. Thank you.