All Forum Posts by: Edwin Ortiz

@Michael Robbins. one of the qualifications is a favorable credit history but I don't explain or details what is a favorable credit history. Do you think I need to be more specific with that qualification? Thanks!

@Adam Martin Thank you for your response! The house just been listed for a few days and my current tenants won't be moving out until last week of November so I have enough time to find someone else. 

Thank you so much for y'all advise and suggestions. I would be doing a lot of reading and a more in depth look into the applicants. Again thank you for your time!

@Joseph Firmin thank you for the reading suggestions, I just bought Brandon Turner's book.

I received 2 applications for my rental property. 1 of them meet the income requirements (about 5x the rent) but after doing a credit check I noticed that they have 2 accounts in collections (under $2k both) and in their credit report shows that they are only 68% on time in their payments. The second applicant monthly income doesn't meet the 3x the rent threshold (they are just $150 short from the threshold) but they have a good credit score, 100% on time with their payments and no accounts in collection. I'm a newbie and this is my first time putting the property for rent. Any advice would be appreciate it! Thanks!

@Joseph Firmin, Thank you for the help!!

@Andres I. Cepeda, I appreciate the reference. I contact him, great guy!

@Charley C., Thank you for the tips. I never thought in looking for banks with 3 branches or less, never cross my mind. I really appreciate it!

Hi BP members,

Does anybody have any recommendations for credit unions or local banks located in the Killeen/Temple area for doing deals? Thanks!

Edwin

Hi BP members, 

Does anybody have any recommendations for credit unions or local banks located in the Killeen/Temple area for doing deals? Thanks!

Edwin

@Michael Ibarra did you join the program or found more info about it?

I send you a pm @Jonathan Halverson