All Forum Posts by: Ben Rahlf

Wow! This really motivates me to think bigger. 

OK so it just needs to be enough money to qualify and if it's as a contractor or not it won't matter?

I've recently jumped into the REI game and I've found out that if you don't have a "employee" job or a W2 in order to get a home loan you have to have 2 years of reliable income history.

My question is I have a side gig as a contractor that I plan on taking the place of my full time job here in the next year or so. I don't want to wait two years before I jump into my next rental property however when that takes place. 

How do I avoid having to wait? Should I set up my side business as an LLC and then make myself an employee? Would I still have to wait two years from the time that happens? Is there another way around this that I haven't thought of?

Is there a good REI group that meets regularly to network and learn from one another? I could go to meetup.com but this seems like a more reputable place for finding an active group.

Under what circumstances would an evictions court side with the tenant? Seems pretty black and white to me. You either paid or didn't pay.

We recently posted our current place for rent and got an email from a company called Dan Housing, which if I understand correctly places families in homes for insurance companies after the family has lost their home. They look legitimate online but wanted to ask if any of you have had an experience with them and if so what to expect? Their offer is intriguing if the family chooses the property but as someone that is just getting started in this land lord thing it also kinda sounds too good to be true.

My wife and I are under contract for our first duplex. We'll be moving into one side and there is a tenant on the other side. We'd like to of course keep the current tenant for at least the first year while we fix up the other side. He's on a month to month with the current owner. My question is once we close on the duplex and it's officially ours how do we go about setting up a new lease? Knock on his door and just start a conversation? 

Maybe I'm overthinking it but what is this process supposed to look like?

Howdy BP, My wife and I are excited to learn from all of you. about 2 or 3 months ago started considering rental properties. We had always thought about it but we decided to get more serious now that our family is starting to grow. We got involved with some real estate investors we knew previously who gave us some guidance on where to start.

We just went under contract for a duplex so we need all the help we can get!

Also I was reading the UG to tenant screening and the links for more info don’t seem to be working? Can someone help me out on that?