Mike Kroupa
Second Deal Purchase
The purpose of this post is to recognize several people who have helped me move forward during the last year. I am new to real estate investing. My wife and I completed our first flip last June. This was a test case f...
Vidit Maini
Need guidance - Should I rent to some1 w a discharged bankruptcy?
Folks,What are your thoughts on renting to someone who has a discharged bankruptcy in 2014 ? What other factors/items can I check to reduce risk in such a case ?Thanks a ton,Vidit
Andrew Fidler
Bank foreclosed on the parcel with house but not the side yard with driveway???
I'm hoping someone can provide some precedence or experience with a foreclosed property I'm in process of buying in Toledo.
The house USED to be one owner, who owned two adjacent parcels...a North lot with the house ...
Grant Anderson
Rental Applications
Hello all, I have a few rental properties that I manage myself. I have been hearing from some people that I should set up some criteria to base my decisions on. The criteria I have come up with is income must be three...
Account Closed
Using my VA Loan to its full advantage
Hello I currently in the military and so is my wife we are eager to use our VA Loan and invest in a multi family home. One of my questions that I have is I'm aware that if I was just to use my VA Loan a 4 unit is the ...
Jabbar Thomas
Being unprepared cost me a deal.
Through my advertisements I found this homerun deal. It was an 3/2 1800sf SFR inherited property. The house was a few payments behind on the mortgage and seller had some medical issues and needed to be cashed out. The...
Aleko Petkov
Does an older house need to be rewired?
I am rehabbing one apartment in a 1937 triplex in Los Angeles I just bought. Looks like the electricial wiring is original two cloth-insulated wires, although the kitchen and bathroom have three-prong GFI outlets. The...
Debbie Schoemann
hard money loans..
I am looking into getting a hard money loan..I want to use my Paid off home for collateral. I'm looking for only less then 20% of the value of my home..Credit is terrible that is why I'm thinking of going this route I...
Mike McKeown
Is there a Rule of Thumb for STR property management % of gross?
I'm looking for a general rule-of-thumb for estimating the percentage of gross income used for paying for a management company to handle an STR. I realize this is likely very location specific, so I'd look at somewhe...
Craig TeRonde
How to handle a new to me occupied rental property
I just went under contract on a multi family property. The current tenants have been there for years. The current landlord has let the tenants run the show. There are numerous lease violations. I have no...