DP Patel
Seller(Tenant) Temp Lease Help
I am relatively NEW to REI and also on BP (2 months) but found this forum very helpful. I need your advice on my 1st property temp rental.
I am about to do my 1st ever SFH buy-n-hold closing on 6/30. Everythin...
Michael Terry
Mortgage Notes & LLC Taxes
Good morning all, I have formed an LLC out of state in order to insulate myself when buying mortgage notes. If I put that asset in the name of my LLC and receive payments through it, I am assuming I will have to pay s...
Andy Kam
Family Opportunity mortgage loan
Has anyone experienced with Family Opportunity mortgage loan? Seeking a loan for multi-family property in New York. Will a jumbo loan qualify?Any advise is greatly appreciated. Thank you,Andy
David Fernandez
Would you rent to these people?
Hi,I got one of my properties in Baltimore ready to rent ($1,300/month). It is a newish market for me, so I am not that familiar with the tenant base there yet. The property is in the Belair-Edison neighborhood and my...
Jake Thompson
Pay Off Debt or BRRRR?
Hey BP community, my wife and I are trying to make a decision about how to best deploy our savings. We have about $25,000 in liquid savings, which is enough for us to buy a single family BRRRR deal in our target marke...
Jennifer Rysdam
What questions do you ask over the phone of prospective applicant
Good morning everyone. Another question on here got me wondering. What is the list of screening questions that you ask people when they call about renting your properties? This is something that I need to get better a...
Brad E.
Tenant Screening advice needed
Hey BP - I'm looking for some advice on potential tenants I am screening. I have a couple applying. They are not married.One of them meets all income and credit requirments having a 729 credit score. So by themself...
Bryan Hancock
What is the Craziest “Financing†Scheme You Have Seen?
I have been chasing money from investors for several years now and I have seen some wild stuff. Given the recent spate of posts on “creative†techniques to raise money I was wondering if people would care to shar...
Craig C.
Buy&Hold low income area. Your opinion?
I have heard all the horror stories of 'Bad Tenants' who trash / destroy / gut the landlords properties, and read about the how-to's on hedging against it. The thing I don't know who would fit the criteria of a 'Good...
Frank Jennings
Couple Screening Requirements
What if you have a couple looking to rent and one of them meets your screening requirements but the other one doesn't? Do they both have to meet all the requirements? And specifically for income, do they?