Logan Hassinger
Potential tenant questions
I have a prospective tenant for my first SFR that has a low 500 credit score. They have also informed me that they broke a lease a about 2 years ago. I will be calling the previous landlord to get their side, but from...
Melba Chambers
Wholesale deal make me nervous....
I only have one rental property as of now, so I’m still very new. I am ready to get my next property, however when it comes to buying from a wholesaler I am extremely nervous. I see so many wholesalers with “deals” bu...
Jim McConnell
Credit check worries
I have a potential tenant who turned in an application for my SFR. On the surface they appear to meet my requirements.....except for the credit...they have none, the response came back as N/A! Apparently they pay for ...
Steve Sendldorfer
Trapped by fear - Utilizing leverage or not for first deal
Hey BP!
My wife and I want to become real estate investors ( buy and hold ) I like the idea of low income and feel comfortable about what problems could potentially come from going that route .... My wife is on board...
Chatree C.
How do you manage rental income into maintenance, capex, etc
Hi, newbie buy and hold investor here! I wonder what's the best way to manage or bookkeep rental income so I set aside part of the money into profit and future expenses such as maintenance, capex, tax, etc.
If I leav...
Fred Mejias
Self Property Management - Should I do it under LLC?
Hey BP community,Hi my name is Fred, I am in the process of finishing up my first investment deal. I bought this under my name. I want to self manage this property. I was thinking I should do this management as an LL...
Margaret Rodriguez
New Owner of FHA tenant occupied duplex. Need advise.
Hello all!
I'm in the process of purchasing a Montgomery County, Pennsylvania property with an FHA mortgage (owner must occupied)
Need to move in within 60 days of closing.
Two current tenants with the same lease sta...
Jarrett Atkinson
Tenant Screening Basic Question
Hello Everyone,I have recently purchased my first investment property; a duplex in southeast Michigan. There is one unit occupied as of purchase and the search for the second unit tenant has been off to a rocky start....
Wojciech Grajewski
What would you do in my situation?
SITUATION 1:I purchased a house with a VA loan (this means I cannot rent it out) for $225K located in Long Island NY. The current mortgage is $200K. The current rental value is $2,400. The PITI on the house is $1300. ...
Moss Siridajnawanan
How/Can we negotiate to lower the purchasing price after it’s already in Escrow?
We got out first BRRR deal a few weeks ago and it’s still in escrow. We found out that costs of rehab is quite over our budget. We offered at $399,000. Rehab is $36,000 and ARV is $510,000. We are comfortable and expe...