Comments on: Steve the Landlord? http://buildbankroll.com/2010/01/steve-the-landlord/ Wed, 25 Jan 2012 20:09:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Arthur http://buildbankroll.com/2010/01/steve-the-landlord/comment-page-1/#comment-3695 Arthur Thu, 24 Mar 2011 05:50:36 +0000 http://buildbankroll.com/?p=864#comment-3695 Jennifer, You might try going with a smaller lender. I had the same problem. The lender I ended up using counted the rental income as part of my monthly cash flow so long as I had a lease agreement in place. The company was Prime Lending (I am not and agent - just a fellow investor). I am sure there are others, but rule of thumb don't talk to the BIG BANKS they won't touch you - try a credit union or smaller lender. I hope that helps. Jennifer,

You might try going with a smaller lender. I had the same problem. The lender I ended up using counted the rental income as part of my monthly cash flow so long as I had a lease agreement in place. The company was Prime Lending (I am not and agent – just a fellow investor). I am sure there are others, but rule of thumb don’t talk to the BIG BANKS they won’t touch you – try a credit union or smaller lender. I hope that helps.

]]> By: Jennifer http://buildbankroll.com/2010/01/steve-the-landlord/comment-page-1/#comment-412 Jennifer Tue, 02 Feb 2010 05:18:12 +0000 http://buildbankroll.com/?p=864#comment-412 How are you financing your rentals? I have tried to get conventional financing, but the banks will not loan me anymore money because they will not offset my rental income from my one rental to its mortgage because I do not have 2 years renting experience. I just can't win with these banks...it is always something. How are you financing your rentals? I have tried to get conventional financing, but the banks will not loan me anymore money because they will not offset my rental income from my one rental to its mortgage because I do not have 2 years renting experience. I just can’t win with these banks…it is always something.

]]> By: Christopher Vincent http://buildbankroll.com/2010/01/steve-the-landlord/comment-page-1/#comment-400 Christopher Vincent Fri, 29 Jan 2010 04:55:29 +0000 http://buildbankroll.com/?p=864#comment-400 You guys are the best! I own 3 rental homes (I manage 1 and have a property manager for the others as they are out of state). I just finished putting a HUD home under contract for a 90 day flip (thanks JP!). JP, I used your free residential lease agreement for my last tenant! I don't know where I'd be without you guys! You guys are the best! I own 3 rental homes (I manage 1 and have a property manager for the others as they are out of state). I just finished putting a HUD home under contract for a 90 day flip (thanks JP!). JP, I used your free residential lease agreement for my last tenant! I don’t know where I’d be without you guys!

]]> By: Steve http://buildbankroll.com/2010/01/steve-the-landlord/comment-page-1/#comment-367 Steve Sat, 16 Jan 2010 05:13:00 +0000 http://buildbankroll.com/?p=864#comment-367 JP - every long-term landlord I know has reminded me of that many times. I am very picky, but I am sure I will learn the lesson once of twice the hard-way and become even more picky! JP – every long-term landlord I know has reminded me of that many times. I am very picky, but I am sure I will learn the lesson once of twice the hard-way and become even more picky!

]]> By: jp moses http://buildbankroll.com/2010/01/steve-the-landlord/comment-page-1/#comment-366 jp moses Fri, 15 Jan 2010 21:51:49 +0000 http://buildbankroll.com/?p=864#comment-366 Great stuff, Steve! Here's another one, from one landlord to another: RENTING TO THE WRONG TENANT ALMOST ALWAYS COSTS YOU MORE (MONEY AND GRIEF) THAN WAITING FOR THE RIGHT TENANT. In other words...vacancy sucks...but bad tenants suck worse. Ask me how I know that! And how many times! :-) Thanks for posting, my man! ...jp moses .-= jp moses´s last blog ..<a href="http://reitips.com/tax-credit-extention/" rel="nofollow">What Investors Should Really Know About the New Stimulus Tax Credit</a> =-. Great stuff, Steve! Here’s another one, from one landlord to another:

RENTING TO THE WRONG TENANT ALMOST ALWAYS COSTS YOU MORE (MONEY AND GRIEF) THAN WAITING FOR THE RIGHT TENANT.

In other words…vacancy sucks…but bad tenants suck worse. Ask me how I know that! And how many times! :-)

Thanks for posting, my man!

…jp moses
.-= jp moses´s last blog ..What Investors Should Really Know About the New Stimulus Tax Credit =-.

]]> By: Steve http://buildbankroll.com/2010/01/steve-the-landlord/comment-page-1/#comment-365 Steve Thu, 14 Jan 2010 21:00:34 +0000 http://buildbankroll.com/?p=864#comment-365 The bigger house is listed for $599,000 right now, we have a couple offers, trying to pre-qualify before we accept. We would buy another property in that range, if we got another great deal. We self manage everything. We do list properties in MLS and agents get a 3% commission of the term, if they find a renter. The bigger house is listed for $599,000 right now, we have a couple offers, trying to pre-qualify before we accept. We would buy another property in that range, if we got another great deal.

We self manage everything. We do list properties in MLS and agents get a 3% commission of the term, if they find a renter.

]]> By: stephen j. moore http://buildbankroll.com/2010/01/steve-the-landlord/comment-page-1/#comment-364 stephen j. moore Thu, 14 Jan 2010 19:32:31 +0000 http://buildbankroll.com/?p=864#comment-364 steven i know this have nothing to do with this post but the 700k deal that you have ,hows thats going?And do you plan on getting any more properties in that range? Do you manage your properties yourself or do you have a outside property management company do that for you? steven i know this have nothing to do with this post but the 700k deal that you have ,hows thats going?And do you plan on getting any more properties in that range?

Do you manage your properties yourself or do you have a outside property management company do that for you?

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