All Forum Posts by: Joe C.

The ex-tenant created damage (need a plumber at a minimum) but I cannot get anyone in before the 30 day time frame is up to return the dep. Also, the current tenant does not want anyone in the house b/c of how highly contagious COVID is. How is this handled? Thanks!

@ David, They're only 1 year old.

If you don't mind, what street? I was not aware there is any $ to be made in that range. TY

Thanks David.

How do I go about having BP "turn it on."  Not sure what that means.

My DTI is borderline. Ive tried fixing the credit directly with 2 companies but got no where. I have a 30 & 60 day late payment in 2020 on the reports. Everything else has been paid on time. I also tried for a line of credit but was told that my score is just a few points under what they require. I'll look into the commercial loan. Was not aware they existed.

ps- thanks for the article Joshua. How come some members use their entire last name and others only an initial? 

@ Joshua & Scott, Thanks for the response. What I am being told was that my score is too low: I can't recall what it is but it is 620-650 range and they are looking at 700 or above. Also they're saying too many inquires about opening accounts and debt to income is too high.

Regarding the 75/25 LTV they're saying that they use the assessed value by the town which is considerable lower than what it would apprise for. When I asked if i get it appraised can they use the appraisal which would be quite higher (I have 80k equity in one home & 125k in another) the response was that i have to pay them $600 for the appraisal, they will send 1 of 3 appraisers to do the job and even if it does apprise where i think it will, that my credit score is below their requirements and they won't loan me the $. SO why would i bother if it all comes down to my credit score?

Nice sense of humor Scott!

I have 2 homes where my money is buried alive. I am trying to refi to free up money so that I can purchase a new home but the banks say that they will not refi my loan. Is there other ways to using equity to get a loan?