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I am about to solidify the purchase of a fairly sizeable mobile home park in Northern Illinois. I'm thinking about the possibility of also starting a separate mortgage business so I could offer financing for those who...
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Do I have to accept applicant in the order application were received? I have two applications, one is in a transition period graduation next year with a big family and two cats another one is military family with no p...
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There's so much in this business that I just don't understand. On a fairly regular basis I will get a call from someone who needs to rent or they want to buy with owner-financing. And they have no money for the d...
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I thought this might be an interesting topic. I'm talking about during pre-screening before you have run an application. Something that may not be a DQ but sets off your bad gut feeling (rightly or wrongly). I'm not r...
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A well-qualified tenant who works as a social worker wants to lease my property to help transition teenagers with drug abuse into society, while I support this cause and would love to be a part of it by allowing her t...
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I've been checking around with several Texas agents to to get insurance for 8 single family rentals in the name of the LLC that owns the houses. A couple of agents have suggested getting coverage under surplus lines...
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Recently listed a single fam home for rent and have had some pretty immediate and promising inquiries. I've scheduled showings and sent out links for applications. Assuming they all come back as qualified applicants t...
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Your goals and story: Goal is to buy a duplex or triplex.
Type of property: duplex or triplex
Location of property: Ohio, or Pa.
Purpose of financing: purchase
Type of financing sought: Not sure
Occupancy: own...
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First time vetting hard money lenders for a flip I have under contract but not closed yet. One potential lender has attractive terms (8%, 2 points, 100% financed, no prepay penalty), but on the phone he has very spott...
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Thought of this last night...sure it's nothing new:
Before you sign a tenant, visit their current place of residence & speak to the neighbors. "Was the occupants loud? Any trouble caused? Was the grass ever too h...