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So, I recently ran a background/credit check on an interested tenant. BP Smartmoves recommends to decline this tenant, but on their payment history, they've literally never missed one payment. However, their partner's...
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Hi All:
I'm working with a seller where all 3 liens are showing up under the same serial # and recorded doc (Notice of Federal Tax Lien recorded with the county).
2 of them have passed the 10 year refiling date so t...
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Getting ready to start on my investing journey. Curious in the experience you folks have - do lenders consider future rental income in the DTI Ratio calculation? I am assuming they don’t (typical), but it seems like i...
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After purchasing a multi family, I have come to find out that a few of the tenants have back rents owed. Do I have rights to pursue the back rent? My thoughts are that I have purchased the tenant debt along with the p...
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Landlords in Texas, I'm a new landlord who recently won a judgment for eviction, unpaid rent, and court costs against my tenant. Can you share your experiences with collection agencies in Texas that have effectively r...
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Hello All!I'm wondering if anyone might have an answer on this for me. If I purchase an asset with cash, then borrow a line of credit against it to purchase a second asset then use 100% of rents collected from BOTH as...
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I know this dead horse has been beaten plenty of times, but as stated in my only prior post I am just beginning my investor career. I am finally in a place where Ive been paying all bills on time for 4+ years, my wife...
TL;DR: My DTI is too high to qualify for another mortage. What are some options?
My goal this year is to get into a second house hack! BUT I would also like to retain the home I am currently living in as a rental. Th...
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After several months of non-payment, and over $4,000 of lost rent payment, she's finally gone! The unit is a mess and will need at least $1500 in repairs and clean up. We still have $750 of her deposit that will be ...
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This hopeful 35 y.o. tenant paid to run a Rentprep report, the full one, and it turns out he has $84,000 in debt that he didnt mention on his original application. Rentprep said he has balance overlimit on a bankcard ...