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INVESTMENT PROPERTY LOANS WITH NO OR LOW DOWN PAYMENTS

If you’re like me, and I imagine most other real estate investors, you want to invest in real estate with as little money out-of-pocket as possible.  The great news is there are a number of ways (yes, realistic ones) that you can get investment property loans with low down payments or possibly even no money down. Investment property loans no money down The only no-money-down investment property...

MUST LANDLORDS ALLOW SERVICE DOGS & EMOTIONAL SUPPORT ANIMALS?

Where I rent properties near Springfield, MO, it’s common for people to have service dogs or emotional support animals.  In this post, I’ll be shedding some light on how landlords are required to respond to applicants or tenants with these animals.   What is an emotional support animal? Also known as “ESA” or simply “support animal”, an emotional support animal has been deemed by a medical...

FHA, VA OR USDA LOAN FOR AN INVESTMENT PROPERTY

Government-backed loans can be a great way to get started in real estate investing.  USDA and VA loans offer 100% financing, and FHA loans aren’t far from that with down payments as low as 3.5%.  So, can you get a FHA, VA or USDA loan for an investment property? Yes, but it depends. Before we discuss how these different loan options would work for an investment property, let’s make sure we...

How do you run a tenant credit and background check on a renter?

In the four years I’ve been a real estate investor, I’ve owned close to 40 of my own rental properties.  In the course of that time, unfortunately, I’ve had to evict quite a few people. As easy as it is to get angry and hold grudges with these former tenants, if I’m honest with myself, the finger needs to be pointed at me. Obviously, no one can know how things are going to work out with a tenant...

BEST PROPERTY MANAGEMENT SOFTWARE FOR SMALL LANDLORDS

Even if you’re just starting out with a single rental property, start using property management software.  It will make your life so much easier in so many ways (which I’ll be discussing here). Furthermore, the cost of subscribing to property management software will more than pay for itself in the time that it saves you.   So, what is the best property management software for small landlords? If...

HOW MUCH CAN YOU LEGALLY CHARGE FOR AN APPLICATION FEE & A SECURITY DEPOSIT?

What should a security deposit be?  How much should you charge as an application fee? Knowing what to charge for a rental application fee & a security deposit is really going to boil down to state law.  Once you understand what you can charge, then you’ll have to sort out what you should charge.  Links to different state laws can be found at the end of this post. Why charge an application fee...

WHAT DO YOU DO IF A TENANT DOESN’T PAY RENT?

As someone who’s owned over three dozen rental properties, there is nothing more frustrating than when tenants are either late on rent – or worse – stop paying rent completely. Chances are, since you’re reading this, you’ve got a tenant not payming rent. So, what do you do if a tenant doesn’t pay rent?  Well, here are 5 things you should consider doing. #1 Don’t do anything...

5 REAL ESTATE INVESTING MISTAKES THAT NEARLY KILLED ME FINANCIALLY

We’ve all heard the saying, “If I only knew then what I know now.”  Well, that saying certainly holds true in real estate investing. When I bought my first investment property nearly 4 years ago, I didn’t know anything about real estate investing.  Hey, we all have to start somewhere, right? Needless to say, I was really excited to own my very first rental property, and to officially hold the...

CAN YOU GET A MORTGAGE FOR A RENTAL / INVESTMENT PROPERTY?

Are there mortgages available for those of us buying up (or wanting to buy up) investment properties? Yes, absolutely. In this post, I’m going to share a few quick tips on rental property mortgages.  I also suggest you check out an extensive post I’ve written on the topic of loans for investment properties. Alright, let’s get started. What kinds of mortgages are available for rental (investment)...

How to post a rental property on Zillow & Trulia

Posting your rental property on Zillow & Trulia is free and super easy to do.  Simply follow the steps below, and you’ll be getting more traffic to your rental listing in no time. Step #1: Visit. zillow.com. Step #2: Select “List your rental” in the upper right of the screen. Step #3: Sign in or Join if you don’t have an account already.FREE Real Estate Investing Checklist.  Instant...

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