Scott Weaner
When to Accept/Reject a Tenant with a History of Collection Judgements
I am about to make some decisions about our first rental property. I have a possible tenant, but have concerns after looking at the credit report. This is a husband/wife, with the husband being the sole earner. he qua...
Brandon Sturgill
Please Assist me in Understanding a "Cash-Out" Re-Fi...?
Can you please confirm my understanding of this strategy is accurate...so, I buy a cash flow property in the following manner:Purchase Price: $100k (including all entrance costs aside from down pmt...)Personal Cash $2...
Brendan M.
How did the 2008 crash change REI?
I'm pretty new to REI, and I've been reading a few books lately, but a lot were written before 2008. Not too say they have bad info because I think a lot of the principles hold true today and are excellent advice, but...
Chad Howard
What's your ONE THING?
Hi All,I just finished reading a book, recommended by Brandon Turner, called, The One Thing: The Surprisingly Simple Truth Behind Extraordinary Results by Gary Keller. If you haven't read it yet please pick up a copy...
Steve Tse
Rental payment deposits
I have a new PM and wonder if its typical to the management to deposit tenant monthly rental payments on the 10th of the month instead of at very start of each month ? I find it a bit strange to get the checks that la...
Vijay Nidumolu
question related to rental demand for buy and hold in clayton NC,
Dear all,My realtor really likes Clayton NC and its neighborboods for buying a relatively new property and renting it out there. I am not sure of the sustainable rental demand in Clayton area, as there is really lot o...
Ju Hyun K.
I found the tenants used to have three unauthorized cats
Hello,
My lease has the following policy: (1) maximum two pets (more than two pets not allowed), (2) for each pet, nonrefundable deposit $250 mandatory, (3) For any pets and animals to be kept in or about the premise...
Prachi Metha
New Lease Rental Question
We acquire a property with already a tenant in it. The lease is up since May end and we are supposed to make a new lease. Is there any rent cap that we are supposed to follow? Rent is way below the current market rent...
Aaron Ver
Military move 1st potential rental
Current mortgage with VA at 2.x% with 278,000 left in South Carolina less than 4k worth in maintenance. Comps show the home is worth around 420,000 in an excellent neighborhood with potentially low vacancy rate if i w...
Jason D.
Pay Down Debt, Buy Cashflowing Assets, or Fund My Business?
Hey folks,
I'm at a bit of a crossroads regarding what to do to move forward with REI. I currently house-hack a SF home but do not own any other properties. It has about 250k in equity (worth $400k, 150k note at a ...