Aim for a 620+ credit score, save for a down payment, and research markets with strong rental demand.

I just received an application from someone who meets the income requirement (3x rent) but not the credit rating requirement.

If I changed the filter to around 3-5 years then I can see 1 or 2 properties but i'm not sure if that is enough for an appraiser to use.I'm fairly new to real estate so if there is any feedback on what I can get a better idea than that would be awesome.

Prices there tend to be fairly high so make sure the financials make sense to you.If you're going the townhome route, make sure you fully understand the rules and regulations of that particular community.

Bam, now I can in fact somewhat speak "in general," and I can say that with a fair degree of confidence BECAUSE I've zoomed into that one thing.

📅In this session, we'll cover everything you need to know about preparing your retirement accounts for 2025, including:✅ Contribution Limits✅ Fair Market Valuations (FMVs)✅ Required Minimum Distributions (RMDs)✅ Key Deadlines to RememberMake sure your IRA is in top shape for the new year!

@Ramada Evans- 1) if buying as a rental and  financing it - your down payment will need to be a min of  15% of the  purchase price   ( so thats either  30,750 at 205K price or 32,850 at the 219K price ...so  not much of a down payment  difference   2) if it appears that there isnt much competition  or interest in theproperty - the lower price might be OK   3)  you might also consider   asking the seller for a seller  credit you can use towards some of your loan costs   4) get pre approved  if you arent already pre approved 

I have $80k liquid in CDs and savings accounts in the bank and a credit score between 760 - 780.

The closing attorney or title co will draw up the closing statement so each party will know exactly what their costs, credits or debits will be in closing the transaction.  

Check with credit union.