Jay Hinrichs
New laws in Oregon now define who can wholesale and what license is required
9 January 2025 | 46 replies
YUP minimum requirements.. although you would be surprised how many folks cannot get a bond because they lack credit score.. this will weed out the really poor players and give state a vehicle to regualted those that violate the laws without all the grey area currently.
Rafael Ro
What are some realistic tenancy terms and maintenance costs (turnkey)?
19 December 2024 | 5 replies
Take a look at this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% This is how likely a borrower is likely to default on credit extended to them.
Tekoa Glover
Am I entitled to a denial letter
13 December 2024 | 6 replies
Then I was blindsided by this I asked if i was entitled to a denial of credit in accordance with the Equal Credit Opportunity Act-Regulation B 15 U.S.C. 1691.
Casi Rice
From Property Management to Real Estate - Utah
12 December 2024 | 4 replies
I think there is so much value in having a supportive network, so I'm looking to set up a monthly lunch for us to exchange ideas, tips, and encouragement.
Stacy Banks
business funding funding
13 December 2024 | 6 replies
There’s definitely a strategy to applying for business credit to avoid alerting other lenders that you’re shopping for credit.
Constance Kang
My Experience of Rich Dad/Elite Legacy Event Scam
14 December 2024 | 101 replies
Did you pay with a credit card?
Sushil Iyer
Is Killeen a good place to buy small multi-family rental?
13 December 2024 | 22 replies
But, thank you for the tip.
Thomas Lebens
Can a rookie use a DSCR loan for a duplex?
15 December 2024 | 18 replies
The problem in analyzing is we have no idea what Thomas' personal FICO/credit history, assets, vesting type etc..
Spencer Dixon
Property manager recommendation
20 December 2024 | 4 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
Tyler Rabanus
DSCR Cash Out Refi Questions
15 December 2024 | 14 replies
Hey Tyler, depending on your credit, the max LTV for the cash out will be 75-80%.