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1 February 2025 | 3 replies
It may be worth letting them know about the prequalification requirements (credit score over xxx, salary above xx,ooo/year, etc.) in advance to weed people out.
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3 February 2025 | 0 replies
I wonder if an inspector's license might be another good addition to our repository.
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10 January 2025 | 12 replies
Otherwise, if the numbers make sense and your credit is good, it should be easy to find a lender.
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22 January 2025 | 7 replies
.: Quote from @Jay Hinrichs: when I was buying notes I did not even run credit.. but I only paid 10 to 20 cents on the dollar.
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29 January 2025 | 2 replies
However, our tenant turned out to be problematic—late payments, issues that led to an eviction, and additional repair costs before we could relist the property for sale.Now, after months of making mortgage payments out of pocket, we finally have an offer.
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4 February 2025 | 2 replies
Set aside a big pile of cash or rely on a line of credit you won't be using.The oversimplified insurance concept is to pay a small premium to cover a large loss.
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25 January 2025 | 32 replies
Many note funds take on debt from larger lenders or lines of credit against their assets.
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7 January 2025 | 5 replies
In neighborhoods that won't attract high credit score tenants, I've found that a stable job history with a MINIMUM of 1 year at current or previous job to be the best indicator of a great tenant.
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3 February 2025 | 2 replies
I had belatedly realized that FHA goes off personal credit and therefore I couldn't use the LLC for it.