Alec Barnes
How Do You Ensure Quality Tenants?
I know there are a variety of screening practices used by landlords and property management companies. Personally, I follow this standard for every application I receive:
- Income of at least 3 times the monthly rent...
Leonid Solomonik
Buying properties in FEMA flood zone
Hi everyone,
Has anyone dealt with purchasing properties in FEMA declared flood zone? Any word of advise besides additional expense on flood insurance. Many properties in CO got flooded last summer and were c...
Steven Straughn
Buying a home with a solar lease agreement?
I am in escrow on a property that has a solar lease agreement in place with a company called SunRun. The property was foreclosed, so the agreement appears to be null and void, though we have the option of assuming the...
Ryan O'Hara
New investor with 25 year tenant
Hello! My wife and I are currently in the process of closing on our first duplex in Milwaukee, WI. We are planning on house hacking, and the lower unit currently has a tenant who has been in the place for the last 25 ...
Sean Doyle
Best Section 8 Markets
Hi all, Curious on peoples thoughts for best Section 8 markets that they have/are currently invested in.Thanks, Sean
Stephanie Jamgochian
Tenant Requested Lowered Rent AND a Dog
I own a "B+" SFR in a HCOL university town with vacancy rates under 3%. I've owned this unit for the last 2.5 years and have had three turnovers since (first tenant broke lease after 5 months due to job loss and the...
Robin Morales
What data do I need ? How to do the math?
Hello Everyone! I am starting my real estate investment journey. I don’t have much knowledge or any property...yet. I currently have about 60k liquid, no debt, 800 credit and would like to buy in 2020. However, I don’...
Chris May
Force buyer to remove financing contingency? 14 days overdue
I'm looking for some advice here. We're selling our house and have been in escrow for 31 days now. The contract states 18 days for financing contingency removal.Basically the buyer's mortgage broker and the bank (Chas...
Arpit Gandhi
Is my mortgage broker trying to scam us?
Background:
We bought an investment property in a major city in USA. Our agent is the broker and also a mortgage broker as well. We have enough funds to buy the property in cash but we decided to put 20% down and get...
Mark S.
Strategy Change: Multi to 3/2
After a heart-to-heart conversation with my realtor and myself, I've come to the conclusion that the multi-family space may not be for me...at least right now.
It appears that in my area virtually all the mul...