All Forum Posts by: Thomas Weir

I just opened this post to read and it happened to me! At least give us a way to turn it off

Welcome to the community, keep educating yourself and stay focused!

Happy Investing

@Jeff Trevarthen  I use Rental Valuator

http://rentalvaluator.com/

They have a free version also

The easiest way would be to ask the potential seller when they call you in response to your marketing. There are paid sites out there like Realty Trac that can give that information, but as Ned C stated it's probably an estimate based on how long the seller lived in the property. 

I would consult with an attorney on the legalities, but if your roommate's not going to be on the loan she doesn't have to provide the information. You've already shown proof with your statement. Maybe the underwriter doesn't want to approve the loan and trying to make you uncomfortable and back out. Is it a small community bank or credit union? They are usually easier to work with.

Billing directly as the others have stated would be the logical choice as long as your lease agreement supports it.

Small banks and credit unions make their own rules. I'm looking to get a portfolio loan to purchase property in an entity, so that's good news for me. Did you ask them why they're only lending to LLC's on commercial loans?

Once you know what your buyers want, it's time to start marketing for deals. You can do Direct mail campaigns, CL, drive for dollars, local REIA, etc. You should always be marketing to keep the pipeline full.

@Clint Weir, I present my offer direct to the listing agent like you. I was sending LOI's at first because here in Tampa, if the seller likes the offer the agent will send it back to you on their contract. Then I'll just add an addendum if I want to change something. As for paying the listing agent, I try to get the seller to pay them but it's negotiable. If it's a wholesale deal, you don't want to many hands in the cookie jar.

Possibly look for Lease Options or Seller Financing as @Phillip Dwyer stated. You can also partner with a local investor who's able to finance a project and you manage it.