These Are The 50 Most Popular Hedge Fund Longs And Shorts

Renting to poor people: https://www.biggerpockets.com/renewsblog/2013/10/15/wont-rent-poor-people-section-8/

The tenant I mentioned above is my first Section 8 tenant in seven years of being a landlord. So far everything looks top notch. My rents are due on the 1st and are late on the 6th. She deposited her portion into my bank account on the 4th, which is when she gets paid. She texted me, as I asked her to do, making me aware that the money had been deposited. And naturally Section 8 wired their portion, which by the way, happens to only add up to about 20% of the total rent – the tenant is carrying most of the water on this one. She works a lot and she and her daughter are quiet and respectful by all accounts. In short, she appears grateful to be there and there are no indications of any problems thus far.
More...

Exactly what I said.
 
I always advise poor people with kids to understand this: you are a cell, part of an organism. Your job is not to undo the fuckery in your life, but to prevent the fuckery in your children's lives. Set them off in the best way you can, be a firewall for them. Don't worry about houses and Jordans. Focus on school and health. Accept where you are, and see if you can help your children.
 
nooby_mcnoob said:
I always advise poor people with kids to understand this: you are a cell, part of an organism. Your job is not to undo the fuckery in your life, but to prevent the fuckery in your children's lives. Set them off in the best way you can, be a firewall for them. Don't worry about houses and Jordans. Focus on school and health. Accept where you are, and see if you can help your children.
More...

nooby_mcnoob,

Unfortuantly, this is not realitity. Here is what I have the discovered. The low income want the same. The want the 4 bed room house, nice car, and jordans. And the only want to work 1 job, 40 hours a week. Don't want aparmentent anymore, they want the house and decent car. Typically single woman want this , but only one job.
 
Poor, educated immigrant families are really the lowest risk, but high turnover. Next is local single educated moms who are not fat and take care of themselves and their kids. There's a reason poor people stay poor.

One of the questions I always want answered is something like "my son loves playing video games, how much do you let your son play?" If the answer is something like "only after he's done homework and chores" then it's an automatic +10. If they say "he ain't allowed to play no vidya games", risky.
 
nooby_mcnoob said:
Poor, educated immigrant families are really the lowest risk, but high turnover. Next is local single educated moms who are not fat and take care of themselves and their kids. There's a reason poor people stay poor.

One of the questions I always want answered is something like "my son loves playing video games, how much do you let your son play?" If the answer is something like "only after he's done homework and chores" then it's an automatic +10. If they say "he ain't allowed to play no vidya games", risky.
More...
From my experience, someone who grew up very poor, single parent, bad enviornment. The reason for poor is pure ignorance and spending money on the wrong things and making bad decisions.

I didn't know how ingorant I was in life and how stupid I was until I got college educated and start monitoring wealthy people.
 
nooby_mcnoob said:
Poor, educated immigrant families are really the lowest risk, but high turnover. Next is local single educated moms who are not fat and take care of themselves and their kids. There's a reason poor people stay poor.

One of the questions I always want answered is something like "my son loves playing video games, how much do you let your son play?" If the answer is something like "only after he's done homework and chores" then it's an automatic +10. If they say "he ain't allowed to play no vidya games", risky.
More...
What if the tenat have poor rental history and bad credit score, but works hard and maintains a job.
 
SimpleMeLike said:
What if the tenat have poor rental history and bad credit score, but works hard and maintains a job.
More...

Bad credit score is OK, but poor rental history depends on the reasons they give me. "I was going through a divorce" or "my mom died", things I can verify. I have asked for death certificates and divorce agreements before. If it was "the landlord didn't fix the sink in a timely manner" then they can fuck right off.
 
I know 3 single parent women right now with kids, who live in an aparment and would love to rent a house for these kids to play in, but have poor credit.

Your solution?
 
You must log in or register to reply here.
Back
Top