We moved out of our primary residence a couple of months ago and we are holding it as a rental. We bought a new primary residence but I unfortunately procrastinated taking out the HELOC on our 1st house (approximately...
I graduated college last year and was thinking of buying a rental property (duplex) in my college town that was for sale. I'm able to put down 20% since house prices are much lower in that area, and I calculated ROI t...
I'm a recent graduate and I've had some jobs, but mostly they were secondary to my education. Why do lenders look for 2 years of employment history? Will my being in a great job for less than a year (because I graduat...
I am looking at a potential sale of unique log home (gorgeous but needs updating -- no problem there). However, the home has some unfortunate history with it (not going to spell that out here but previous owner died ...
So, I was listening to the BP podcast and the subject of how to do background checks on your renters came up. I was wondering, how exactly would or should you turn down a tenant that has bad rental history so to avoid...
I have had a couple apply to live in my 1BR. They are an engaged couple in their 50's. After I met them I wanted to rent to them. The apartment rents for $1,150/month. He makes $86k a year, has a credit score of 720+....
Hi I'm a newbie but I recently found a great deal to invest in as a buy and hold. It's a triplex that was converted to a duplex and it is currently priced at close to half it's market value. It will need a bit of work...
Just saw this story here: http://bit.ly/2d6Px2RThe gist of it is that beginning tomorrow Saturday 9/24/16 lenders will now consider a mortgage applicant's payment history over 30 months to determine their credit worth...
When approving new tenants I do my best to screen out people who will not take good care of my property, in addition to screening for income, etc. My single-family home properties are not high-end but neither are t...
One of the things that have been coming when putting together a team is how to screen candidates. Sometimes candidates have histories of lawsuits. Is that enough to disqualify them? Or is just bad luck? For instance, ...