Sean Dougherty
Buying pre-selected notes to local properties in foreclosure
I am an investor in distressed homes, mainly pre-foreclosures. Long story short...it has become quite a headache dealing with both the home owners through the entire short sale process and then the rehab of the homes....
Hamdaweh Sulemana
No Seasoning Cash out Refinancw
Hello All,I purchased a foreclosed home cash for $150,000 about 6 months ago, spent $25,000 on fixes and have it rented out in an A community @ $1000 a month in Arizona. I want to get some of that cash/equity to use a...
Heather Rodden
Tenant had lapse in liability insurance
I have a tenant that did not pay for her insurance and cannot until late next week. She is on a month to month lease. I live in Illinois. Just checking what your process would be. I believe I give her a 10 day notice,...
John Brennan
Too small to be big. Too big to be small.
Hi everyone. I’m John. I’ve had enough standing on the sidelines and want to jump in. The question is:I’ve been studying self storage for two years and know a lot about it. My problem is that I don’t want to give up m...
Lyndon Timbang
Check Book IRA to Syndication
Hi BP,
Just need your input about this: i am planning to rollover my 401k (from previous employer) to a Check Book IRA, LLC then after, i am looking at joining Syndication. Is this a good move? If not, wh...
Grace Santos
Advice on DSCR loan for cash out refinance
Hello, I'm doing my first DSCR cash out refinance on my short term rental in Indiana. It's currently owned under an LLC. I'm working with a broker right now and just received the initial disclosures. This is where I'm...
Mike Ojo
What to look for on Renters application?
I am starting to receive applications on my first rental property (all digital applications). I need some advise on what exactly I should be looking for to qualify each tenant please.Income: What multiples of the rent...
Tiffany Drahonovsky
1st month owning a SFR, tenant tells me today she pays the 3rd wk
Hello folks! Thanks in advance for any help. My first few weeks as an investor have been exciting to say the least!I took a contract assignment and closed on this SFR Jan 16. The prior lease had expired back in Nov. H...
Scott Trench
Is it just me or is pulling a Tenant's CREDIT Score Harder than Ever?
I just started managing one of my rental units after a several year hiatus (it was managed via a property manager during the interim).
I'm screening applicants for a vacancy, and I noticed something odd. I pulled wh...
Pam Grim
Messed Up...need some advice
You guys gave me some excellent advice on a problem tenant that I acted on and am way better off for it. I wanted to get your advice on what my direction should be going now.
My situation is this.
My husband and I b...