All Forum Posts by: Andres G.

Thanks Tim! Will taking a look now.

Thanks Calvin! The property, and units have been recently updated so i see no issues with qualifying. I just am hesitant to go this route as this is my first rental property.

Hello BP Folks! Wanted to bring up the topic of section 8 potential applicants.

I have a 3 family in Hartford, CT that was recently updated in an area where section 8 applicants are common. I have the typical rental application form that includes, occupation, income, # of people, references, pets, etc. 

Are you allowed to ask or include in the application if the applicant is section 8? 

Also what other questions are good to ask? 

Is the 3:1 monthly income to rental rule enough to reject a section 8 applicant? 

Any shared tips, stories, experience will be much appreciated!

@Charles Carillo

Thanks for the feedback. Do you have any models you can share? For formatting purposes. 

Hi all, Newbie here investing in the CT market. I have a house that I flipped currently under contract and a triplex (also under contract) due to complete in two weeks.

My current issue is funding as I want to be able to do more deals and accumulate more rental properties. So I decided to take some time off and work on the business plan for the company that I can present to private lenders and investors.

Simple or detailed: how in depth do you go when outlining the company business plan? Should I use data from the two properties I’ve sold/bought?

Demographics: what websites do you use to provide this data and how far back should I go to point out trends?

Interest rate: any tips with setting up rates? Does anyone use interest bracket samples they can share? And what are other types of structured contracts with private investors has anyone set up?

All comments/advice are welcome!

Andres

P.S. If anyone is investing in Hartford County, CT, let’s link up!