All Forum Posts by: Jason L.

I understand how to document applicants who do not meet our criteria, but how do we document applicants who are qualified but not chosen? 

@Paul Timmins I hope to do my next deal within next 3 to 6 months in the DFW area, maybe a four plex or a subject to.

@Hattie Dizmond Thanks for your advice, I was under the impression that I could not adjust the terms of her lease agreement.  

@paultimmins I hope to do my next deal within next 3 to 6 months in the DFW area

Hello everyone, I just closed on my first rental property (duplex) in the DFW area. Biggerpockets has given me the motivation and courage to step out into REI. Reading and listening podcasts, posts and blogs has given me a good baseline to research and analyze possible deals. So thanks for everyone being open to sharing their experience (good and bad) on BP, it really helps individuals like me to get started.

One of the units I inherited one tenant, who has lived there for 4 years and I'm in the process on screening tenants for the other side.  I do have a few questions as a first time landlord......

1. The current tenant would like to split her payments, how do or can I accommodated her request, because the current lease agreement does not specify split payments?

2. I'm open to HUD approved applicants for the vacant unit and one applicant applied but she is approved for a 1 bedroom 1 bath apartment at $750 a month. My unit is a 2 bed 1 bath and below her approved amount, how will HUD view this if the paperwork is submitted?

3. Also, my wife and I will tackle this new venture together, so if anyone has any suggestions on how we approach this to maintain a healthy relationship, please feel feel to post them.   

Ok, thanks! I was unsure of the legal aspects of this but thanks for your help.  

do you review and maintain it or do you have them sign your lease agreement? I'm closing on my first property this week and would like to hear some thoughts on the best approach for this situation.   

I would like to refinance my current FHA loan to a VA loan, since my old VA loan is now clear to use. Also, my wife and I are looking to relocate to the DFW area (within a year) but is unsure of using our home as a rental or just selling it. What are the pro and cons?

How can you do a 15 year loan to ensure your home is paid off in the 15 years? Higher interest rate and/or more money down?