All Forum Posts by: Wale Lawal

There only 1 active collection, 3 settled 4 years ago. No eviction, no bankruptcy, I have not confirm with their current landlord but I will. I was only going by their rental history from SmartMove report. Yes, life happens and I just don't want to judge them by couple of past collections/missed payments and that I why I wanted to hear from you guys experience. I will definitely increase the security deposit for this applicant.

Thank you 

Hey Guys,

I am currently screening few tenant application for one of my rentals, One of the my potential tenants have great rent payment history but poor credit score with few collections in his record. No criminal background.

He has his own electric company so he his self-employed with 6-figure annual income. I just don't understand why he would allow payments to go to collections. His wife is Veteran and a Joint Applicant with about $3,000 monthly income.

Monthly Rent is $1,500

TransUnion SmartMove recommend that I "DECLINE" this applicant.

BTW, I care more about consistent rent payment.

Please I need you to share your experience on this type of tenant.

Looking forward to a real-life experience on this.

Thank you 

@Chris Bounds Glad you said it's your PERSONAL OPINION. 

Be careful out there guys! A lot of scammers try to catch some fish.

I'm in Spring, TX.

What is your goal with this question? 

Good stuff @Joseph Bramante I will check my calendar to see if I can attend.

I learned alot from that episode @David Osborn and @Aaron Amuchastegui did a great job explaining the Foreclosure process.

Thank you guys

@Daniel Edwards Yes, Real Estate is a time tested vehicle to building wealth and financial freedom. Unfortunately, I have made a couple of financial losses before realizing this. 

Good Idea keeping notes on what you have learned on a weekly basis.

Since you are just getting started, I will suggest you focus on Wholesaling and Buy & Hold if you want to quickly build your rental portfolio. Use Wholesaling to find great deals for yourself and keep them. Buy and Hold is the way to go.

Flipping should only be a seasonal strategy because you pay taxes on capital gain and it does not help you build your portfolio fast.

Goodluck 

Video Games and Exercise.