All Forum Posts by: Jasmine H.

@Thomas Hundtoft I find it interesting where how he talks about how houses are the new liabilities and mortgages the new asset.

@Mary M. Which screening company do you use?

@Jonathan G. They provided their DL, pay stubs, references, filled out the application and completed the information needed for screening. One works at a nonprofit and the other works and has her own business. Their incomes allow them to qualify. I recommend the cleaners we use and they want to use them which to me is a very good thing. They have a good rental score (corelogic didn't provide a credit score just a transunion rental score which looked good to me).

They both applied and signed separate agreements. Our father will be living in the house in a separate suite and take care of the grounds.

Overall, I am ok with having all the information I have plus the last for of their ssns.

@Jonathan G. Wouldn't it raise a flag if their name is different from the ssn? I have a copy of their driver's license and the photo and name match.

CoreLogic does allow me to see the last 4 digits.  Thank you all, I think I can sleep at night now.

Hi Joe,

Yes CoreLogic required the tenants to enter their social security number.  They did and they have good credit. 

Thank you all, very insightful information here.  I will let the tenants know about this but they asked me to provide liability language should they give out their ssn.  Does anyone know what kind of language they are referring to?

I have two applicants (they are friends) who want to move in with a nanny for one of the applicant's child. They love the place and we like them and think it will be a good fit. The issue is they don't feel comfortable with providing their social security numbers and we don't feel comfortable accepting an applicant without one. We processed their application through Corelogic but the company hid the ssn. The tenanta said if we can agree on liability in case of identity theft they would be ok with providing their ssns.

Everything seemed to be moving along just fine until the ssn issue. With everything going on in this day and age with rules and regulations, I don't feel comfortable proceeding. Is a social security number necessary and can anyone provide liability language or direct me to a website that has this type of language?

@Kevin H. I love investing in real estate and will continue on this path for retirement. However, given the significant increase in prices, limited supply, bidding wars and rates creeping up, we've slowed down on real estate and are investing in crypto during its bull run. We plan to invest the gains back into real estate once dust settles down. There's nothing wrong with diversifying into what you believe in. Though timing is a big factor.

@Derek Harris I'm in the process of purchasing a 4plex in TX. My lender originally told me I can put 15% down but once he started the loan process, he came back and said something about the regulations changing with either Fannie or Freddie and that the new regs require 20% for primary residence. Is this not the case?