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7 January 2025 | 5 replies
@Ezra Avery you might want to read below to understand Classes of Property/Tenants.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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7 January 2025 | 6 replies
It simplifies the process since Zillow handles credit, income, and background checks for a small fee paid by the applicant.Background Check Services: If you prefer not to use Zillow, consider using services like MySmartMove or RentSpree.
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6 January 2025 | 5 replies
The credit score is the single best indicator of how one pays their financial obligations.
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18 January 2025 | 10 replies
The problem is that there isn't a lot out there, and when looked into each comp extensively, I saw the numbers were deflated because they were 'as-is' properties with extensive damage, or properties with a well, and other mis-matched differences.
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10 January 2025 | 7 replies
Fico while they will look these are not credit score driven loans like those buying rental houses or houses to live in...
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16 January 2025 | 9 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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6 January 2025 | 3 replies
;however, my issue is that I dont have good credit and since im self employed I make.very little income.
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10 January 2025 | 28 replies
Thats your bonafides to being able to do future deals.As mentioned above, keep your credit perfect.
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26 January 2025 | 48 replies
I have done small things like switch from glass wine cups to acryliic ones that look like glass and take a damage deposit of $250 that helps mitigate small things breaking that are over $50.
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3 January 2025 | 5 replies
Insurance protects your property from paying out of pocket for damage, plain and simple.