All Forum Posts by: Eric H.

Count me in!

Does anyone have first hand experience working with them? Looking to buy my first property in the next few months and am looking to go the turnkey route at first. Also if you get a turnkey inspected and appraised and it comes back lower than what they are asking for it do most providers lower the price or is that extra cost just considered the convenience factor for having a renovated and ready to go property? Thanks

I am looking to purchase my first property and have been looking at turnkey companies in Ohio and have noticed that a lot of the houses appear to not have a stove/oven or even microwave. I have only noticed this in Ohio properties. Is this common in Ohio? Would anyone really rent a home where you can't cook anything?

May I have a copy of that map too please. Thanks!

Thanks. I haven't seen the property and there aren't a lot of pictures so I assume something has to be wrong with it. I'm looking to purchase my first property in the next few months and am analyzing lots of properties now. Was curious as to why it changed hands so quickly.

I found a 4-plex near me that cash flows well and looks like a good deal on paper however I look at the listing history and it has changed hands quite a bit recently. -June 2016 Sold -July 2016 Sold for same price -August 2016 Sold for same price Now it's for sale again but listed quite a bit higher. Is this a huge red flag to stay away from it?

I just got married and have a couple grand worth of cash and a couple checks from people as wedding gifts. I would like to get financing within the next 6 months or so for a rental property and was wondering if these cash and check deposits will cause any problems. Does anyone have experience with this? Should we put this money in one of our separate checking accounts as opposed to our joint account? Thanks.

Yes I do have a stable w-2 income.

I am looking to make my first deal and was wondering what my odds of being approved for a mortgage are. I just bought a primary residence on a 15 year note so my DTI is a little high. I have just under an 800 credit score. I would like to use a HELOC for the down payment for the property and I only have a few thousand is savings at the moment. If I'm buying a property for around $80k-$100k that cash flows $100-$200 a month after vacancies,repairs,etc then based on the above what do you think my odds of being accepted are?

Do you set aside money each month into a savings account for reserves? Is it unwise to rely on a HELOC on your primary residence for when any repairs come up so that you can plow all of the income from the rental properties into acquiring more rental properties?

What does everyone do?