All Forum Posts by: Leron Willins
Leron Willins has started 2 posts and replied 3 times.
Post: Best initial questions to ask seller agent?
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Im looking to put in an initial offer on a property that has current tenants in it. I want to know in your experiences, besides things like asking for the rent roll, and years since recent improvements, what are the other main questions that you ask to get the ball rolling on a purchase?
Post: How to find the banks who require the lowest down payment
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I am asking this question to see who out there has an idea as to which banks may require a low percentage down to purchase my first property?
I have a good amount saved up, but I want to be able to open myself up to more opportunities and more properties, and the lowest that I have been able to find so far has been 20% that I have qualified for.
Does anyone have a lead as to which banks/credit unions/ etc. may been willing to have a lower percentage down for investment properties?
Love the site, and thanks for all the help in advance
The main thing holding me back right now is knowing exactly what expense categories I will incur with purchasing. I have a good idea of what properties I want to invest in, but I am not quite sure what are the right questions I need to ask the selling companies/owners as to what is already in place before pulling the trigger.
I know the main categories will be: Insurance, Maintenance Reserves, Taxes, Property Management, and Vacancy.
Can anyone help me with the other pitfalls I can be missing?