All Forum Posts by: Account Closed

I've done both, and I prefer long-term rentals.  WAY less day-to-day work, no utilities to pay, no furniture to buy.  Much less stress.  I would recommend not doing the rent-by-the room method, either.  Rent the whole place.  And make sure you screen the tenants!  You want good, steady income of at least 3x the monthly rent and good credit.  The screening will show you a lot about your prospective tenants.  Selling with owner financing or lease-options are also good ideas.

I keep my Sub-2's in my own name.  

I find that if you buy Sub-2 and then sell on a lease-option, the tenant-buyers often improve the property.

I love the Sub-2 strategy, although I would rather keep these houses than sell them.  

I love rehabs from afar - challenging, for sure, but always interesting to get to know new areas and people.  Great hustle!

When I had a vacation rental, I changed all the beds to king size and saw an increase in bookings.  This also made it easy to change sheets, as all sheets were same size.  I recommend white sheets and all white bedspreads that can be bleached, too.  Just a couple of ideas.  Good luck!  

I would definitely rent to two French college students whose parents agree to co-sign.  I’m so thankful for the Swiss landlords who rented to me when I was a college student in Switzerland.

“How-To Sub-2: Subject-To Real Estate Investing Quick Guide” by Kimberly Banks explains how to buy rentals without money. Good luck!

Use one of your contingencies to get out of it.  Do not let them make you feel bad.  Deals fall through all the time.

How did you use a VA loan to buy an investment property?

Can you use a VA loan for a rental property? The Department of Veterans Affairs allows VA homebuyers to purchase multi-unit properties with the intention of using one of the units as their primary residence. ... However, a VA mortgage cannot be used to buy property or land solely as an investment or rental property.Jan 7, 2021