Trevor Neis
Screeing College Tenants
Hello everyone,I was wondering if anyone has nay knowledge on finding good college students to rent to. It would be very unlikely that anyone would qualify when looking at credit score and income. Could I screen their...
Andre' Arceneaux
LLC for out of state rental(s) or no?
I have been researching a lot on the subject for at least a year now and the subject seems more split than I anticipated (the presumption was "yes"). I understand everyone's motives and objectives are different, even ...
Andrew Perkins
Tenant selection candidates
We just listed our first rental property and received lots of interest in it. We have narrowed it down to two candidates and I’m having trouble deciding which one is more qualified. This single family home is in a c...
Steve Smithy
1031 replacement property mortgage: conventional or commercial?
Do I need to use a commercial mortgage/note to buy a replacement property on a 1031 exchange?I sold a property, used a 1031 qualified intermediary to hold the funds, and now I want to buy the replacement property. I ...
Cali Skier
Will a tenant that is in eviction process show up on the report?
We are still a little green at this, and the last time we showed a house was 2 years ago. We had several prospective tenants see our sign or find us on zillow that were local and just wanted to get away from there la...
Jill Curran
newbie ?: does my new accountant know what she's talking about?
Newb question here. I read the BP posts and have been keeping track of the time I spend managing my two duplexes, both bought this year, because I read there was a tax reason to do so. When I recently met with an acco...
Chauncy Gray
VA loan for Four-plex
Hello,I am planning to obtain a loan through the VA and purchase a four-plex around the Chicagoland area. Has anyone used their VA loan for purchasing a four-plex? If you have, I would like to ask if you can share you...
Herndon Davis
9 Steps to Vetting Private Money Lenders Before its TOO Late
So how exactly do you vet Private Money Lenders when “Private” is their First name?? Let’s be clear, I’m not talking about Hard Money Lenders who are somewhat regulated by your state or local real estate boards. Inste...
Heather D.
Hard money reserves?
Do all hard money lenders require a reserve? I've just started talking with a hard money lender and they want at least 20K in reserves before moving forward. They claim it's standard. My credit is good, my debt-to-...
Mark McGarry
Financing First Deal in Baltimore
Hi fellow Baltimore folk,I'm having trouble deciding how to try and approach financing a first deal, bear with me while I lay out the situation. I currently own a home in 21224 for about 3 years, the first 2 years of...