All Forum Posts by: Timothy Winfield
Timothy Winfield has started 6 posts and replied 76 times.
Post: I'm Doing All the Work. Is This Typical with a Real Estate Agent?
- Rental Property Investor
- Baton Rouge, LA
- Posts 78
- Votes 26
Fire her
Post: Asset based lending in Houston Texas
- Rental Property Investor
- Baton Rouge, LA
- Posts 78
- Votes 26
Quote from @Nicholas Covington:
Sounds like you are looking for a DSCR Rental loan that will take the rent from the property to qualify for the loan. Does that sound about right? Very simple loan program, let me know if you need a recommendation.
Post: Advice on first STR
- Rental Property Investor
- Baton Rouge, LA
- Posts 78
- Votes 26
As long as you do your due diligence you should be fine
Post: Completely new to REI, Quitting career, looking for advice.
- Rental Property Investor
- Baton Rouge, LA
- Posts 78
- Votes 26
Build your side business before you quit. When trying to go after loans for real estate investments banks will look to and for your W-2 income. Your income in the banks mind will pay for the loan/note in the event you dont have I rented out or your tenant fails to pay. Start a business because your business will support the loan even if your property cant.
Post: suggestions for lockboxes or other system to secure keys?
- Rental Property Investor
- Baton Rouge, LA
- Posts 78
- Votes 26
Electronic lock box or numerical tumbler lock that mounts to an easily accessible location. Be weary of electrical things and the outdoor elements though. They look nice but not very long lasting.
Post: Fake Credit Report?! Tenant Screening in Houston, TX
- Rental Property Investor
- Baton Rouge, LA
- Posts 78
- Votes 26
Wow thanks for giving us an heads up. Great catch!!! I usually just use turbo tenant or another landlord app and they pull it as well as background checks on the tenants tab. This ensures it accurate and it hasn't been tampered with.
Post: My 1st MILLION $$ Month
- Rental Property Investor
- Baton Rouge, LA
- Posts 78
- Votes 26
Congrats
Post: Question for Land and Home Building Investors
- Rental Property Investor
- Baton Rouge, LA
- Posts 78
- Votes 26
great thread
Post: Finished Flip, No Traffic - Now What?
- Rental Property Investor
- Baton Rouge, LA
- Posts 78
- Votes 26
@Andrew Taylor drop your Realtor and get another one fast! You can do bad buy yourself. You are paying her for a service and she is not fulfilling her end of the bargin.
Post: I just built a 36 unit apartment complex.
- Rental Property Investor
- Baton Rouge, LA
- Posts 78
- Votes 26
@George Yu Congrats on your build!! This is super motivational and inspiring. The post was a little lengthy but i took my time to read it and it was worth it!!