Scenario: We acquired an SFR in the Southern California mountains in 2021. Over the past 15 months we've been doing major renovations. Work is basically complete. First STR guest has booked for the last week of 2022...
Let's say you buy a single family as an owner-occupant, with the goal of having a couple renters to defray the monthly bills. But let's say the town does not easily allow conversion from singles to multis anymore. Can...
What ratio's do you LL's use to qualify a section 8 applicant? I have a prospective tenant with a voucher for $1,575 (the rent amount) and an SSDI income of $908/yr. This person also receives food stamps in an unkno...
A week or two ago there was a discussion regarding the 50% rule based on this "positive cash flow" article by John T Reed (actually Reed uses 45%, but that's neither here nor there for my question).In the article Reed...
So I get the general concept of wholesaling lease options. It's basically the same as "regular" wholesaling except you're dealing with rent to own rather than outright purchase, and your end buyer is going to be a re...
If a turnkey home was inspected initially and there was time given to fix ALL the issues with the home but when re-inspected the home was not turnkey ready at all and the repairs that were supposed to be done were no...
Hello,I am learning to do my own title search for auctioned properties. Problem is I'm having trouble actually understanding what I'm looking at. I have a real life example here. I see that Pingora Loan LLC assigned a...
I have just told a prospective applicant that a prior eviction is "probably a deal breaker." She politely said thank you and hung up, but I'm feeling very waffly on this rule. I know it's standard screening to prote...
I am hoping to get some guidance from other investors. I am about to close on my first duplex, I will be co-signing with my dad. However, I have two other investors going in on the deal with me as well. I found the de...