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All Forum Posts by: Cody Bell

Cody Bell has started 1 posts and replied 3 times.

General Landlording & Rental Properties

Post: Tenant Requirements with Banks

Cody BellPosted
  • Rental Property Investor
  • Posts 3
  • Votes 2

@James Rodgers

Thank you for the input James! I’ll definitely take a look at the fair housing laws to make sure of that!

Hope all is well in Birmingham!

1 Vote
General Landlording & Rental Properties

Post: Tenant Requirements with Banks

Cody BellPosted
  • Rental Property Investor
  • Posts 3
  • Votes 2

@Geordy Rostad

Good thought! Yeah I’m definitely struggling to figure out if it’s worth the headache. I’ll run some numbers using that approach and see if it’s worth my time!

Thank you for a different view!

-Cody Bell

0 Votes
General Landlording & Rental Properties

Post: Tenant Requirements with Banks

Cody BellPosted
  • Rental Property Investor
  • Posts 3
  • Votes 2

This is a pretty random question.. but I am curious of the legality of it. There is an 8-unit complex near me that is completely vacant and in terrible shape. So getting bank financing would be fairly difficult. I had an idea to require any tenants who wanted to live in the property to make the bank I use for financing their primary bank. Can I actually use that as a requirement? Basically the thought is, by bringing more money into the bank with new clients, they may be willing to finance the building + construction. Thoughts? Thank y’all!

Cody Bell - Montgomery, AL

1 Vote