Therese V.
Different price for more people?
I have a 3 bedroom rental that has max occupancy of 6 people. I am renting it starting Dec 1 for $850 to a husband/wife. They came looking at it with her mother and we think they are going to eventually ask to move...
Kevin Noesner
The best site for NNN commercial properties
I’m currently in the market for an absolute net property and having trouble finding a definitive resource for this market. The best sites I’ve found so far are Crexi, LoopNet, Calkain, and NNNex.
Am I missing any com...
Account Closed
Turn Key Type 1 vs Turn Key Type 2 - Be sure you know the Diff
There are a lot of people asking questions about Turnkey recently because acquisition costs are so high in CA IL NY WA OR and parts of TX. The key to making money by buying a Turnkey is knowing your costs and knowing ...
Gustavo Alvarez
DSCR Loan Prepayment Penalties
Hi there! I applied for a DSCR loan and the terms include vague language indicating they may be a penalty if paying the loan early. Is this common for these types of loans? Is there a typical minimum period where the ...
Account Closed
Agree/Disagree re: Tenants -- past performance guarantees future results
I do my own leasing and screen tenants.
Unlike stocks, a tenant's past performance is a guarantee of future results.
(i.e. if there are red flags in their past, there will be red flags in your future if...
John Hyatt
How to get a loan on a house less than 50k?
I got inspired the other day when I read an article on a guy who bought 44 units in about 5 years, started at 20.I found a neighborhood were the houses are selling around 35k and the rents are $700! I got so excited I...
TRUNG DAO
Sticky situation with buying home with tenant's deposit money.
Hello and please advice...
My offer was accepted by the seller for $118k and we are scheduled for closing on June 25, 2014. This property has a tenant that pay about 1250 a month and is on a month to month w...
Lindsay Ash
Why should you not get into REI?
Hi there, I'm a newbie in the research phase. I'm considering this as a career change and trying to absorb as much as I possibly can while setting a deadline of March for buying a property.I love numbers, spreadsheet...
Adam L.
FHA Eligibility and Bonus HELOC Situation
As a newbie, I was wondering if seeking a conventional loan for my first rental property will affect my eligibility in the future to get a FHA loan to purchase my first primary SFR? I have never owned a home and my ne...
Jesse Liu
Newbie LLC tax question
Hi guys, newbie question here. I have been considering forming an LLC and I'm unsure which one to go by. I was told single person LLC is most popular and you could include your spouse. My wife works at home and mak...