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24 October 2024 | 33 replies
Vetting tenants is essentially the same as regular tenants, but expect lower credit scrores, bankruptcies, etc.
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24 October 2024 | 7 replies
The credit check is likely pointless if the corporation is paying the rent, but it is an apartment building so I feel like everyone in the building should have gone through the background check.4.
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23 October 2024 | 27 replies
I have been working with a credit union to get a HELOC to allow me to tap my equity to buy additional real estate.
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23 October 2024 | 6 replies
The other option I would consider is regional credit unions that hold onto mortgages/loans and don't sell them to the secondary market - they are "portfolio lenders" and have the ability to be more flexible with their terms.
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18 October 2024 | 7 replies
Verifying last 2 years of rental history very important!
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16 October 2024 | 4 replies
Any recommendations for a website that has worked well for running Credit and Background checks?
24 October 2024 | 5 replies
It's a different kind of program where we don't even consider the DSCR on the property, we mainly just look at the borrower's credit, their investment experience, and the property itself (where it's located, value, use, etc).
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22 October 2024 | 19 replies
what is the best way to fund renovations on a flip project (other than cash)hard money lender, line of credits, credit cards?
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19 October 2024 | 4 replies
You've already gone above and beyond, but it seems you just dig up more problems.When you run a credit/criminal background, the credit report should list the applicant's current and previous addresses.
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23 October 2024 | 11 replies
If you have access to a line of credit on your primary home, that could be a good option.