I was a mean landlord today. Escrow closed on my new fourplex last Thursday, and today (Sunday) was the day I was picking up the keys from the former owner. He lived in one of the units on the property, so our purchase contract gave him three days after close [...]
By the time this post goes live, it will be the day escrow closes on my new fourplex! Woo hoo! I'm excited that this chapter will be closing today, but I'm also dreading it just a little bit because that's when the real work is going to start. But before [...]
Being a landlord can be a scary thing. You have this valuable property, with valuable appliances and flooring and fixtures that you want to keep in good, working order. Yet you have to select a tenant based on a rental application, a handful of documents, and maybe a few minutes [...]
Imagine meeting someone at a bar, and after spending 15 minutes with them, deciding that you're going to let them live in your house with you. Crazy, right? Well, as a landlord, you basically get about 15 minutes on average with each prospective tenant, and you're letting them live in [...]
Refinancing your mortgage to get a lower interest rate is a good thing, so long as the amount you will save on interest payments is greater than the closing costs of doing the refinance. But so many times, I hear people say that they don't want to refinance their mortgage, [...]
To get virtually any sort of loan these days, you're going to need a decent credit score. But credit scores can be confusing because there are so many different versions floating around out there (various forms of FICO, VantageScore, etc.) and their formulas are all a little different. But there [...]
