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26 August 2024 | 10 replies
For example, if your credit score requirement is 640, consider only allowing pets if the tenant has a 700+ score.
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26 August 2024 | 4 replies
I plan to use this line of credit to put down 20% on a property for a DSCR loan (DTI is too high for a vacation home/investment loan), and I do have about $20,000 of reserves saved up.
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25 August 2024 | 12 replies
Most of the supply houses will allow you to set up a credit account based on personal or business credit.
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26 August 2024 | 9 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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24 August 2024 | 3 replies
New home starts fell 7% month-over-month to 1.24 million units (annualized) — their lowest level since July 2019 (excluding the onset of COVID).
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27 August 2024 | 21 replies
she though to her credit put those guys in Prison.Due diligence pump and dump and been going on forever.
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26 August 2024 | 11 replies
5+ units DSCR or commercial mortgages. each one is used for different things. really matters purchase price. location of property and your physical location. dscr looks at the property and your credit score. commercial bank looks at you and the property. tax returns, w2s DTI. then the property needs to cash flow enough for them. dscr is a bit more lax but higher rate.
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25 August 2024 | 12 replies
Went through the tools section under BiggerPockets and it referenced "TransUnion Full Credit Report by RentPrep" and linked to RentPrep's site.
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25 August 2024 | 7 replies
It will sit on their credit and prevent them from qualifying for a loan or taking advantage of another landlord.
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22 August 2024 | 6 replies
@Kent FoltzWell risk goes with return, best spots have lowest returns because there is less risk.What type of return are you looking for?