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22 October 2024 | 10 replies
**Conventional Loan:**- Conventional loans might have better interest rates but often require higher credit scores and more personal income verification.- They might not be as flexible as DSCR loans for investment properties.
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18 October 2024 | 4 replies
Shout-Out to an Amazing Realtor for Out-of-State Investors – Melissa Hudson in Cleveland, OHHey Bigger Pockets Community,I wanted to take a moment to share an incredible experience I had working with Melissa Hudson with McDowell Real Estate, a realtor based in Cleveland, Ohio, who helped me sell my out-of-state investment property.
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18 October 2024 | 3 replies
Shout-Out to an Amazing Realtor for Out-of-State Investors – Melissa Hudson in Cleveland, OHHey Bigger Pockets Community,I wanted to take a moment to share an incredible experience I had working with Melissa Hudson, a realtor based in Cleveland, Ohio, who helped me sell my out-of-state investment property.
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18 October 2024 | 7 replies
Hi Nadia, here's a few things to consider:Credit Score: Set a minimum, like 600-650.Income: Require 3x the rent in monthly income.Employment: Verify stable employment.Rental History: Check for positive rental references.Background Check: Make sure they don't have any criminal history.Security Deposit: Typically 1-2 months' rent.Pet Policy: Decide if you'll allow pets and set fees if needed.
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23 October 2024 | 15 replies
This is why buying out of state is so incredibly difficult.
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17 October 2024 | 0 replies
Shout-Out to an Amazing Realtor for Out-of-State Investors – Melissa Hudson in Cleveland, OHHey BiggerPockets Community,I wanted to take a moment to share an incredible experience I had working with Melissa Hudson, a realtor based in Cleveland, Ohio, who helped me sell my out-of-state investment property.
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15 October 2024 | 7 replies
We use mysmartmove (by transunion) for credit score and financial and criminal details, then compare that with the information provided on the application form to look for inconsistencies.
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19 October 2024 | 10 replies
If you have commercial experience and are an excellent asset manager (managing the property manager, driving revenue, reducing expenses, managing GCs)You wont just provide value to a sponsorYou will be highly sought-after after by sponsorship groups.The ones worth their salt know how incredibly valuable a strong asset manager is (and how much work it takes)So if you can bring that skillset, I have a feeling it won't take long for you to find a sponsorship team.
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18 October 2024 | 2 replies
However, I’ve often felt alone in this journey—especially when making big moves—and that’s what brought me to this incredible forum.
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18 October 2024 | 12 replies
You did an INCREDIBLE job on this home.