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Weird situation I find myself in. I’m a remote landlord and recently placed a new tenant at my SFR in Macon, GA in August. Conducted standard due diligence (credit scores, income verification, prior references) and I ...
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Just wondering what the typical protocol is for this situation, and how the RE agent gets paid.Flat fee? Percentage of sale price?I have a great RE agent who is also an investor. I found the properties myself, but sin...
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When getting a private or hard money loan what part is the most frustrating?
- Initial intake?
- Filling out loan forms and getting them in?
- What part of the process is the most difficult?
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Hello BP family, my wife and I are looking to purchase our first rental. What are the steps to purchasing a turnkey property?
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I'm looking to start virtually wholesaling in Texas from Michigan. I have out of state leads for motivated sellers. I was wondering what the process was. *not looking for legal advice*1. Do I need to open an LLC in ...
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I'm looking to invest in a property this year and I want to know as much about the analysis process as possible. I'm working with a turnkey company and want to make sure I understand and double check all the numbers p...
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Hi everyone, I am currently in the process of trying to purchase my first rental property. I have been in contact with WF bank and was told today I did not qualify for a loan because my rental history has been mostl...
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Hi all, just had a general question about the eviction process. We decided to terminate the lease of one of our tenants only a month into their lease due to various breaches of contract- including renting out the base...
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I recently began a HELOC application process for 60k with a well-known credit union, and provided all of the necessary documentation. One of the requirements was to have over $30,000 in reserves. This put a sudden hal...
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Hi Everyone,
I've found plenty of mentions about using a scoring system when processing rental applications but I can't seem to find anyone's documented scoring criteria or system. My goal is to create a consistent ...