All Forum Posts by: Crystal Thomas

Hi Mitchell, 

Thanks for the advice. Some new information I did not know about the 60-day notice to vacate. I appreciate you taking your time to help!

 Thank you for the response Kim. I will definitely search for an agent on here. 

Hello all!!

So, my husband and I got our first property, fixed it up, and got a tenant in it. We now need to sell the house, but we want to make sure we are taking the right steps in doing so with a tenant in place. I have read up about it, and it seems like it might be a little tricky. The tenant is on a fixed term lease, section 8, and we have no lease termination due to sale clause in our lease. If there are any agents out there that have experience with this type of situation, please reach out to me. I will be contacting agents in the Birmingham area, as well. 

Thank you all ahead of time for taking the time to respond!!!

@Michael Glist Thank you for your reply, Michael. I've been advised to look into credit unions, so that is on my to do list. I just have to do what you said and talk to more lenders.

I appreciate your advice:)

@Justin Schreibeis Thank you, Justin for the info. I have looked into private lenders. I haven't heard of Groundfloor before, so I will definitely look into that. I will check with credit unions, as well. That seems to be a common suggestion.

I do appreciate you taking the time to respond to me:)

@Tom Degroodt I'm a little late in replying, but that is great advice. Ive been known to get a little down and frustrated when things don't go as planned. I really appreciate your advice.

Hello to all out there! Hope everyone is having a good year so far!

So, I have been reading up on real estate investment... Rental Property Investing and Buy, Rehab, Rent, Refinance, Repeat are the two I have read so far.

My current situation is, I have a good credit score, I have the money for a down payment. When I applied to get pre-approved, I got denied because of insufficient credit history. I have one tradeline that's been open for 3 years, but have been told I need at least 3 open for at least one year.

Other than my credit history, I am ready to buy my first 2-4 multifamily property and start the BRRRR process. I have been looking around in Georgia and Alabama.

Are there lenders who lend to a borrower with a short credit history, or with 1 tradeline for 3 years? I have already opened up 2 more, but if that's all I am waiting for, I won't be able to purchase until the beginning of next year.

Any advice or suggestions are welcome.

Thank you all in advance:)

@Johnny Lynum I would really appreciate if you send me her contact info. I will also look into Residential Capital Partners. Thank you for the info and advice!!

@Dan Beaulieu You both are right. Definitely going to have to find someone different. I appreciate the advice.

@Michael Kinsella thank you for the info. I finally got an answer, and they do require credit history. Guess they are all different. I appreciate your help!