All Forum Posts by: J Bess

Selling the rest of my portfolio. 2 townhomes in Horn Lake and 1 single family home in Southaven. Msg for details. 

I believe Rhodes passed a rule that students must live on campus housing. Worth double checking before buying anything. 

I've been lucky in that since investing in real estate I've been able to get a new property every six months. The goal is to have enough passive income where I can semi retire elsewhere in the country. I hate the idea of giving away 10% to a property manager. I hear stories about people managing properties from a far. 

How do you do it? Specifically around showing the property or cleaning between tenants? 

Found a fair deal for SFH home recently. 3/2 in great shape with newer HVAC and roof. Only minor cosmetics needed. Was given pause by the in ground pool. Thinking it should rent for slightly higher rate than comparables.

Any tips for rentals with pool? Lease will have disclaimer and release for pool. Maintenance will be on tenant except for closing pool. Maybe separate security deposit for pool/equipment.

When I moved to Memphis four years ago I had no issues finding rentals exceeding 1% rule. Usually 1.5-2%. Now it seems I'm struggling to find quality homes that near 0.8%. Anyone else experiencing same issues?

https://www.housingwire.com/ar...

What does this mean for the average investor who works with a national or local bank? Will this make it harder to finance investment properties with conventional mortgages?

I've just financed third investment property and have my private home. Did I just cap out on conventional loans for future real estate? I thought the rule was up to ten but seeing online discussions about the impracticality of this ie banks done want to do the paperwork associated with 5-10. Are there options to finance properties at #5 and higher with similar conventional loan terms?

MS:  https://www.biggerequity.com/w...

I put in an offer on a place through listing agent. I did not work with a buyer's agent (no need for me to pay someone to just open a door). Listing agent said offer was accepted and sent dual agency docs with 3% commission. 

Should this be my responsibility? I dont need or want agent's representation.

Went to my lender for new loan. Have three other properties with these folks. Credit score is excellent and plenty of cash on hand with minimal d/I ratio. Bank can't loan anything less than 125k because they couldn't generate a loan with no discount points. Anyone experienced this recently? In MS if that makes a difference.