All Forum Posts by: Corey Demuth

Do you have to be a resident of the state/city you are buying them in?

How much cash do you need to get started?

What are the possible ways you can get screwed over?

Thanks!

what states do penalties and do you have to be resident to invest in a state?

can someone explain how depreciation works in a nutshell, and how it helps your taxes?

I could be wrong but I think the 100 per door rule is geared more toward multi unit properties. a SFR could be rented out to one family, or you could rent out the bedrooms to different people, either way I think a SFR counts as more than one "unit" so a SFR should generate at least a few hundred a month but maybe I'm wrong.

why does every political conversation on here have to quickly devolve into retardedness...

How does one go about getting a lien taken off property and put onto a person?

why do you have to give a notice? call the cops and tell them you went to check on your place and saw someone moving around inside and you don't know if it's a burglar or drug addict or what. and park a few blocks away and wait until they show up.

1st of all, if you go and max out your credit cards, you may get SCREWED when you go to close and find out that they pull your credit RIGHT BEFORE they finish the loan. I saw a lot of people do stuff like taking out a personal loan for a down payment, thinking the mortgage company wouldn't know. they will!

also, note that for an investment property the terms will be different than for a property you intend to live in.

if you intend to live in the home, fha will go down to under 10% down payment (I think they can do 6.5%) if you qualify, which isn't as hard as some people think, just extra paperwork.

I could be wrong but I don't think you have to send the guy a freakin notice saying why he didn't get the apartment. If he calls asking, just tell him you're sorry but a more financially qualified tenant was matched up with it. No? Just find one totally objective fact about whoever you DO end up renting to, and use that as your basis if anyone comes around asking questions later. I suspect whoever you do rent to, will probably have a better work history, more solid references, better credit scores, or something along those lines, than the douche bags with the pants below their *** and the finger tatoos

see, that's interesting because I always thought Mike's cameras were just so he'd know when to run outside and beat a little sense into them with a tire iron