Michael Willis
Saving for a down payment/preserving capital
Hello all. I am new to this community and I am trying to soak up all the great information and ideas that this site provides. My question is specifically regarding saving for a down payment. I am trying to save as muc...
Alex Kim
Section 8 Tenant Stopped Paying Water Bill
Hi Everyone - Looking for advice!My section 8 tenant at a property of mine in Michigan has stopped paying her water bill, ending up in an outstanding balance of thousands of dollars. My property manager has approached...
Bill Womeldorf
Best online banks to hold security deposits?
Hi all,I am from Massachusetts, and in this state landlords need to hold their security deposits in interest accruing accounts - Does anybody know any good online banks that provide this service? Or should I look into...
Glenn Hines
Credit?
Hello people. Do you have any real life experiences or programs that helped you build credit quickly?
Skylar Como
Assumable mortgage? How does that even work? 203k?
Hi!So Ive been banging my head against the wall for months trying to figure out how to obtain my first investment property.Looking for owner occupied.If FHA, I understand mortgage may be assumable. Just an example, If...
Marco Lopez
Purchasing a Rental Property with Tenants in place.
I'll be closing this Tuesday on a property in Chicago in Hermosa neighborhood. It consists of a coach house in the back with 2 units and a store front. All 3 are currently occupied, the 2 residential units are current...
Kirstyn Indy
Parents- how to build your kid’s credit?
Does anyone know which credit cards will report an authorized user to credit bureaus? I’m trying to add my kid so he can build credit early but can’t find a card he can piggyback with me that will actually report to c...
Ruth Bayang
Contractor deposit ??
How much of a deposit/percentage is "customary" to give a contractor to rehab a house?Or do you not give deposits at all? I have a Scope of Work, a Contractor Agreement with spelled out draws and project end date with...
Account Closed
HELOC credit limit - is bigger always better?
I recently applied for an $80k HELOC to cover some of the purchase price and rehab costs of a deal I was looking at. Yesterday the bank called me and said that I qualified for up to $170k. Of the original $80k I app...
Isabelle Schofield
Acceptiing rental applications online vs in person?
I started using this online form to collect rental applications: https://www.elbowspace.com/FRHformexample158 Is there any legal ramifications by doing this ratherthan having them fill out a paper form and sign in per...