All Forum Posts by: Qui Van
Qui Van has started 6 posts and replied 7 times.
Post: Anyone use nomadlease to handle their rental and what are your thoughts?

- Posts 7
- Votes 0
Interested in using this company for my rental property. Got on a call with them and found out all the fees and what services they provide. I would like to get input on the pros and cons of landlords that have/are using them. Thanks.
Post: Multifamily/SFA section 8

- Posts 7
- Votes 0
I am looking for my first rental property. Can I get some pros and cons for turning my rental into a section 8 home please. Any help on how I can do this would be appreciated. Thanks
Post: Finding renters that makes 3X income to rent

- Posts 7
- Votes 0
Going back to "rule of thumb" I hear a lot is having a renter that makes 3x the rent. Living in south Florida where rent is already high, is it realistic to find a renter that makes this much? What are some other ways of screening renters if they don't meat this checkmark when most Americans are living paycheck to paycheck? Thanks.
Post: Taking a heloc/ line of credit for second property

- Posts 7
- Votes 0
wow, thanks
Post: Taking a heloc/ line of credit for second property

- Posts 7
- Votes 0
Hi all,
I spoke with a mortgage broker recently and wanted to take a heloc or line of credit on my current home. She said I couldn't because my income is not high enough. How can I go about this other than make more money? I want to take that money for a deposit on a second property. Thanks
Post: Taking a heloc/ line of credit for second property

- Posts 7
- Votes 0
Hi all,
I spoke with a mortgage broker recently and wanted to take a heloc or line of credit on my current home. She said I couldn't because my income is not high enough. How can I go about this other than make more money? I want to take that money for a deposit on a second property. Thanks
Post: 2% rent of purchase price

- Posts 7
- Votes 0
Hello, all
I recently listened to the podcast, I believe it was episode 11, beginner's guide. They said a rule of thumb on evaluating purchasing a property is if you can rent it out for around 2% of the purchase price. I find that crazy because I bought my home 5 years ago for 305k. I can not rent it out today for 6k. Am I missing something? Thanks