Shital Thakkar
Tenant Leaving before lease term
Hi,What action required if tenant is leaving early before lease term expire.I have tenant leaving in two month after moving in because of job relocation. Thanks,
Daniel D.
Business Line Of Credit
Hey guys newbie starting from scratch here. I'm currently located in NYC where the big players play lol. I have 25k saved up but I realize that through research my money would go WAY further out of state. Right now I'...
Michael Masterson
Qualifying off rental income/no DTI requirements
Hello everyone, I am a relatively new landlord (less than 5 years) with a fairly successful duplex that is fully occupied. I recently closed on a HELOC (on this property), and have a fair amount for a down payment in ...
Steven Kinkead
Renting to retirees?
I purchased a small home in an age restricted (55+) community. I expect many of the potential renters will be retired, so their income will be from from social security, pensions, and savings.
Does the 3X rule (incom...
Travis Kurtz
Primary residence refinance
If I do a cash out refinance on my primary home to invest in my first rental property, is my home then tied to the investment property and will I have an issue refinancing the investment property when we finish the re...
Masyn Grant Barney
Probate, Mold, & Money
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $420,000
Cash invested: $75,000
I was the buyers agent helping my client secure a legal duplex far under mar...
Kevin Muns
Percentage of my wealth in first purchase.
I have been researching and looking, and am finally feeling comfortable enough to pull the trigger on some properties. I have about 200K in wealth to my name. How much would you suggest investing in my first 2 units? ...
Joe Richardson
Breaking a lease early in Michigan
I just closed on my first duplex last Friday March 4th. Obviously I'm excited as this duplex is going to be the first of many properties to come. I've called the tenants and had the opportunity to meet one set while...
Account Closed
Landlord insurance. Is it worth it?
I recently became aware that there is such a thing as landlord insurance which, in the event of a deadbeat tenant, will not only pay their rent in the interim, but will also pay for the cost of an attorney throughout ...
Debra Grumbach
Financing Small Deals - Dallas, TX
Just starting out and spoke with a mortgage broker in Dallas, TX. He told me you cannot get conventional financing on an investment property for loans under $70K (which puts minimum purchase price at about $90K). I'm ...