Sam Lewis
Why would hard money lenders trust someone they don't know?
2 December 2024 | 10 replies
They'll look at any open mortgages you have, any lines of credit, cc history.
Sebastian Tamburro
New Investor looking to break into the foreclosure market
2 December 2024 | 2 replies
Verifying last 2 years of rental history very important!
Huiping S.
what is Zillow doing for listing of rental?
2 December 2024 | 3 replies
., old history) rather than listing it as available for rent.What is going on with Zillow’s listing display?
Jennifer Cook-DeRosa
Do you report to credit bureaus? (RentReady)
1 December 2024 | 1 reply
My thought is is use the Rent Ready feature of reporting his payment history to the credit bureau so it can work in his favor as a trade line, but I'm wondering if this is an unnecessary added step since he can already pull transactions on his bank side.
Nicholas Ansin
New RE Investor (VT Based)
3 December 2024 | 8 replies
I do not have a lender right now, and I will need the 12-month rent history as well as various metrics on the property such as insurance quote (which needs property information in order to obtain), existing debt, and purchase price (which would be established while making offers).
Sushil Iyer
New(ish) small multifamily investor looking to network and for guidance
2 December 2024 | 19 replies
Focus on growth areas, understand local regulations, and use your rental history to build credibility with brokers and sellers.Good luck!
Elliot Angus
Subject to with rent to own tenants
30 November 2024 | 9 replies
Apparently they handle all property repairs and maintenance independently and have maintained a perfect payment history, even throughout the pandemic.Lease Option Agreement:Effective Date: November 1, 2022Terms:Purchase Price: $165,000Non-Refundable Down Payment: $10,000Lease Term: 3 years (ends October 31, 2025)Final Payment: $158,000 balance due upon term completionMonthly Payment: $1,150 (no rent credits)I didn't see this to be a deal because if in a the best case scenario my $25000 would walk away with 2400 which is about a 9% ROI.
Nina Ning
An applicant with credit score of 770 but no proof of past rent payments
27 November 2024 | 8 replies
Actually I have had two applicants so far with great credit scores but couldn't provide bank statement showing rent payment history.
Tisa Grimes
LLC Real estate
28 November 2024 | 1 reply
If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.
Erich Oertel
What cities are still great to invest in
6 December 2024 | 45 replies
Verifying last 2 years of rental history very important!