All Forum Posts by: Andrew Self

Any landlords here use Basalen for banking or any of the other services they provide? I signed up for a free account to collect rent and use them as my dedicated bank account for my LLC. They also mention they run backgrounds checks, have accounting services, loans, etc. Almost seems to good to be true so want to hear experience from anyone who does or has used them as a landlord. Thanks in advance!

Personal name. Will soon set up LLC to transfer the property to

Hello everyone. Are there any lenders here that can finance a conventional loan without a full 2 years of work history? Full work history with no employment gaps since October 2023. Currently making $80000 salary. Lowest credit score of 713 and other 2 scores both 760+. Would really like to go conventional as a DSCR with no PPP has a much higher interest rate. I know we can start with DSCR and refinance, but then you're paying closing/origination costs twice. Anybody able to help?

Hello everybody. I'm looking at properties in Kentucky and Tennessee currently for LTR. I am looking to compare DSCR and conventional loan rates to see where I can get the best deal overall. My max purchase price will be $400,000, my FICO score is around 720 and Experian VantageScore is around 760. I am married as well and her scores are around the same as mine. I do have a mortgage currently in my name that I am in the process of having assumed, so currently my DTI is very high because of this. So, we will likely either do the DSCR route or conventional route in only her name. We have 20% to put down up to this price. Looking for recommendations from people who have personally used a specific lender and had good experience. Thanks in advance

Previous apartment. So overdue rent balance.

My current score is around 670-680. Where I am running into an issue is there is a delinquent account on my credit history. It is not legitimate and I do not legally owe this balance, but have been unable to get it removed from my history unless I file suit against the company. This was last year and shows the balance to be about $8000

Hello, due to a hiccup on my personal credit history I am having issues getting approved for traditional financing outside of an FHA which I do not plan to use as I am not going to owner occupy. Anybody have experience with lenders that will do a mortgage for LLCs in Tennessee and Kentucky? Any leads are appreciated. Thanks!