But the loans can be 100% (purchase price and repair costs), as they loan based on the value of the deal, not necessarily the borrowers credit worthiness or skin in the game.

This “application” determines your credit worthiness for this feature (payments and screening).If your main need is screening, I recommend NTN (National Tenant Network).

A few years ago i was stupid enough to get my car repossessed and that tanked my credit worthiness, plus i have a few debts that went into collections but all that are being cleared as we speak and the repossession is being taken care of too.

If you're prepared to put in the work it can definitely pay off.If you're just looking to buy a house with traditional financing from a lender, credit scores matters.The basic things a lender/underwriter for residential is looking for is:1) Steady W-2 Income (the bigger the better)2) A low debt to income ratio (Current monthly debt payments/current monthly gross income)3) Credit Score/Credit worthiness (Although FHA/Home Ready have lower requirements on credit scores)4) Property value (Appraised value vs. purchase price)I purchased my first condo in 2013 using an FHA mortgage.

Both are still wrecks, the value of both are less, the mentality of the borrower has already been tainted and in a different mindset than a more credit worthy borrower.

Furthermore, the discipline of developing your personal finances to make your credit-worthy will help you out in your entire REI career.The title alluded to flipping vs. renting (assuming Buy & Hold).

So on the flip side, it looks like the Seller is trying to ditch the property, perhaps taking advantage of the less than conventional standards of credit worthiness of the borrower/buyer.

You told me earlier that you were two payments late on your mortgage; being late on a mortgage payment, as you know, lowers your credit worthiness.

Anyways, Your statement above implies that in the UK the SSN equivalent is NOT required, and thus that in the US it is required, to run a credit check.Are you proposing a way to check a person's creditworthiness for renting an apartment, with the US credit bureaus, without SSN?

The other non credit worthy applicant is the girlfriend of the guy with the rich father.