All Forum Posts by: Alec Khlebopros

As I get prospective tenants emailing me, would you have them fill out credit and backround check before you would show them the property or after.  My thought is if they don't qualify whats the point of wasting my time.

thanks

Alec

How does Rent to Own work, if I bought a house for 165k, the prospective tenant says only can pay 1K a month for rent to own.  How do I put the numbers together to make it work and get profit.  Also how does the normal credit history and all that play into this.  Thank you

@Anna Sagatelova  thank you, here is the listing, only if you have time to take a look, otherwise  I still appreciate your input.

https://www.zillow.com/rental-manager/properties/3dc8p9frz2z51_Postlets/listing?itc=postbutton_sitenav

Hi fellow real estate investors. So I got my first SFR ready to rent, but it's November, have put it on zillow, cozy, marketplace. Not much action first couple of days. Haven't put up the sign yet. Any ideas of where else I should advertise and should I be looking at couple of months because it's NOv and Dec, or should I get a real estate agent to help me find qualified tenant, I"m not desperate and will only accept qualified tenants. Thanks for all input.

@Jerry Padilla Thanks for your answer, what would the rates look like with someone who has excellent credit if you did five individual loans on a 30 fixed...thanks

@Alexander Felice thanks for the reply, my thinking at this point is this exactly, and I"m new at this so trying to figure out the most efficient way to do this.  I currently have 5 properties all cash in areas where it cash flows and will appreciate, I will scale to 10, I"m running out of my own cash, I have enough saved for my business and knicks knacks so I don't touch that.  Going forward I"m trying to figure out how to get the best rate on the convetnional loans, since in my understanding after you get your primary residence, which has best rate and secondary residence, all others are investor loans with higher rates.   So my question is how do you get the best rate on the loan and through which vehicle. Where am I faltering here and thank  you for every ones time.

@Larry Turowski  lets say it's 10 houses, are the conventional loans going to be broken down to primary, and then  after that count as investor loans? with higher rates?

Thanks @Thomas Garza, you're right, it's 10, but how is it done, lets say on 10 to get best rates?

@Thomas Garza

Hi , IF I bought lets say 15 houses all cash and want to refi, what is the smart way to do it, you can't owner occupy all of them, do a lot of them become investment loans, or is there a smart way to get several primary residence, secondary and then investor loans?   thank you for your time