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So we take an application fee and use a company to screen all our potential tenants. Recently we’ve run into a situation where the screening grade came back as acceptable, not good or great, which left us a little wor...
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We have billed our tenants through Quick Books for several years. In August I unwittingly took on a "Professional Tenant" who is making my life a nightmare.His September rent was 21 days late. He insisted his paymen...
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I am a recent High School graduate from Austin ambitious to have a successful career in real estate renting towards the goal of financial freedom. I’m reading the books, listening to the podcasts, and watching the You...
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Hi BP,Was chatting with a friend, and was wondering what key financial metrics (and what minimum numerical scores/values would you accept) would you use for evaluating whether tenants would be good renters for your pr...
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Hello All,I am planning on buying a multifamily property and living in it for 1-2 years before it becomes solely a rental property.I am fine with self managing.I would however like to have somebody prepare the lease d...
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Hello, All,
I'm researching a multi-family purchase opportunity in Jackson County Missouri (10-20 units). What institutions and specific contact favorites do any of you recommend?
What terms can I expect for such a...
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I am planning to buy a note for the first time . It’s a 1st lien and performing . LTV is low , however the borrower is under BK13 and it’s under receivership in PA state . Question is does this have any bearing on the...
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The auditors website in area I have been looking at real estate deals, has a transfer history and shows purchase price. I come across some investors who purchase these properties and shows that the purchase price wa...
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Quick question,So I own a condo which is currently being rented out and is under my name. I recently created a LLC company, and plan on purchasing more properties to hold under the LLC. My condo currently has all of i...
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Hi
I applied for a DSCR loan to cash out on a free and clear 4plex held in an LLC but the loan officer is asking for my personal bank statements, personal home mortgage statements. I don't understand why I need to su...