We got a tenant application for a 2006 single family house with monthly rent $1425. The applicant has a nice credit score of 702 and monthly income of $5000. Based on tenantsearch check, he has no criminal history a...
I know everyone has their strategy, but I am trying to decide how best to proceed.
1.) Local market: rentals provide 17-21% annual returns for single family detached priced between 40k-70k. The market is great for b...
I was recently advised by an attorney to open up a traditional LLC to not complicate overhead, accounting, bookkeeping when starting out. While a LLC could be sufficient, I did not want to have to transfer properties ...
If I buy a duplex and live in one side, can I create an LLC to control and protect both sides?
Basically I want both rent payments to go to the LLC to pay off the mortgage faster. I figure if I have to rent an apart...
I am interested in a Land Contract for an investment property in Michigan so more funds would be available for additional property purchase. If I am able to pay cash on a property, say worth $100,000, what are the con...
Hello, I recently started a property management company and currently manage around 80 properties. I also have a rental property that is paid off and in my name. I would like some capital to fund my bank account and p...
This is my first post, after many comments on BP, so let me know your feedback! A little on this story so you understand the situation. This story started almost 6 months ago. One of the properties I had pre-qualif...
I am stuck. I make $44,000 year salary.No debt.No rent. (parents old house) $20,000 in savings.1. Should i look for a portfolio lender first or just go through the conventional route? I just dont want to get to 4-10 p...
Any recommendations for commercial loan brokers/banks for investment property in Tennessee and Arkansas? Looking at multi-family properties - 10-100 units. Will purchase with down payment/loan, value add and refi in 1...
What does everyone think about establishing a relationship with a bank BEFORE investing? Like just walking into a local/smaller bank and introducing myself to them and what I want to do in this area? Talking to them a...